NVCT vs QQQ: Correlation
Measured on weekly returns over the past three years, Nuvectis Pharma, Inc. (NVCT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.12, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVCT and QQQ?
Over the past 3 years, NVCT and QQQ moved with a correlation of 0.12, which is weak. The link has loosened recently: the 1-year correlation (-0.12) runs below the 3-year figure (0.12). Over 5 years the correlation is 0.03, and the annualized covariance of weekly returns is 241.6 %².
QQQ is close to the least connected end of NVCT's tracked universe, ranking #7 of 11. Their recent paths diverged sharply: over the last 12 months NVCT outperformed by 252.5 percentage points (+278.8% for NVCT against +26.3% for QQQ). One caveat on sizing: NVCT is 5.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
NVCT vs QQQ: side by side
| NVCT (Nuvectis Pharma, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +278.8% | +26.3% |
| 5-year return | +675.1% | +95.4% |
| Volatility (ann.) | 105.8% | 19.6% |
| Beta vs S&P 500 | 0.97 | 1.28 |
| Max drawdown (3Y) | -69.5% | -22.8% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | NVCT | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +11.2% | +54.9% |
| 2024 | -35.1% | +25.6% |
| 2025 | +39.6% | +20.8% |
| 2026 | +233.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVCT and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
FAQ
What is the correlation between NVCT and QQQ?
As of 2026-08-27, the correlation of weekly returns between NVCT and QQQ is 0.12 over 3 years, -0.12 over 1 year and 0.03 over 5 years.
Is QQQ a good diversifier for NVCT?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
What does a correlation of 0.12 mean?
On the −1 to +1 scale, 0.12 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nvct-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nvct-vs-qqq/)
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Related comparisons
Hubs: NVCT correlations · QQQ correlations
