NVDA vs QQQ: Correlation
How closely do Nvidia (NVDA) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.76, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVDA and QQQ?
On 3 years of weekly data the NVDA/QQQ correlation comes out at 0.76, strong. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. The 5-year figure is 0.79, and annualized covariance runs at 659.5 %².
Within NVDA's tracked universe of 37 assets, QQQ comes in at #5 by 3-year correlation. Twelve-month performance is nearly a tie, at +25.7% for NVDA and +26.3% for QQQ. The rolling one-year correlation stayed in a tight band between 0.62 and 0.83 over the past three years, which points to a structural rather than episodic relationship. One caveat on sizing: NVDA is 2.3 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.
NVDA vs QQQ: side by side
| NVDA (Nvidia) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +25.7% | +26.3% |
| 5-year return | +908.3% | +95.4% |
| Volatility (ann.) | 44.5% | 19.6% |
| Beta vs S&P 500 | 2.18 | 1.28 |
| Max drawdown (3Y) | -36.9% | -22.8% |
| Market cap | $5,505.0B | – |
| P/E (trailing) | 32.2 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | 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 | NVDA | QQQ |
|---|---|---|
| 2022 | -50.3% | -32.6% |
| 2023 | +239.0% | +54.9% |
| 2024 | +171.2% | +25.6% |
| 2025 | +38.9% | +20.8% |
| 2026 | +22.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 8.15% of QQQ is NVDA itself, so the fund partly moves with the stock by construction.
Are NVDA and QQQ good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NVDA and QQQ?
The NVDA/QQQ correlation stands at 0.76 on a 3-year window (1 year: 0.66, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for NVDA?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 mean?
On the −1 to +1 scale, 0.76 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/nvda-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nvda-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NVDA correlations · QQQ correlations
