NVEC vs QQQ: Correlation
NVE Corporation (NVEC) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVEC and QQQ?
On 3 years of weekly data the NVEC/QQQ correlation comes out at 0.37, moderate. Recent behaviour matches the longer record: 0.29 over 1 year against 0.37 over 3. The 5-year figure is 0.39, and annualized covariance runs at 322.6 %².
Out of 10 assets tracked against NVEC, QQQ lands near the bottom at #6. Correlation aside, the last 12 months split them widely, with NVEC ahead by 47.4 points (+73.7% versus +26.3%). One caveat on sizing: NVEC 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.
NVEC vs QQQ: side by side
| NVEC (NVE Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +73.7% | +26.3% |
| 5-year return | +103.2% | +95.4% |
| Volatility (ann.) | 44.5% | 19.6% |
| Beta vs S&P 500 | 1.14 | 1.28 |
| Max drawdown (3Y) | -37.7% | -22.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | 28.8 | – |
| Dividend yield | 3.73% | 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 | NVEC | QQQ |
|---|---|---|
| 2022 | +1.9% | -32.6% |
| 2023 | +27.7% | +54.9% |
| 2024 | +9.2% | +25.6% |
| 2025 | -22.7% | +20.8% |
| 2026 | +86.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVEC and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NVEC and QQQ?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.29 over the last year and 0.39 over 5 years.
Is QQQ a good diversifier for NVEC?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: NVEC correlations · QQQ correlations
