NVGS vs QQQ: Correlation
Measured on weekly returns over the past three years, Navigator Holdings Ltd. (NVGS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVGS and QQQ?
Over the past 3 years, NVGS and QQQ moved with a correlation of 0.29, which is weak. The link has loosened recently: the 1-year correlation (0.10) runs below the 3-year figure (0.29). Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 160.7 %².
QQQ is close to the least connected end of NVGS's tracked universe, ranking #11 of 15. On 12-month performance NVGS holds a 11.2-point edge, +37.5% against +26.3%.
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.
NVGS vs QQQ: side by side
| NVGS (Navigator Holdings Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +37.5% | +26.3% |
| 5-year return | +159.5% | +95.4% |
| Volatility (ann.) | 28.8% | 19.6% |
| Beta vs S&P 500 | 0.68 | 1.28 |
| Max drawdown (3Y) | -38.9% | -22.8% |
| Market cap | $1.4B | – |
| P/E (trailing) | 9.9 | – |
| Dividend yield | 1.30% | 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 | NVGS | QQQ |
|---|---|---|
| 2022 | +34.8% | -32.6% |
| 2023 | +22.5% | +54.9% |
| 2024 | +6.8% | +25.6% |
| 2025 | +14.4% | +20.8% |
| 2026 | +28.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVGS and QQQ good diversifiers for each other?
Reasonably. At 0.29, NVGS and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NVGS and QQQ?
As of 2026-08-27, the correlation of weekly returns between NVGS and QQQ is 0.29 over 3 years, 0.10 over 1 year and 0.18 over 5 years.
Is QQQ a good diversifier for NVGS?
Reasonably. At 0.29, NVGS and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nvgs-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nvgs-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NVGS correlations · QQQ correlations
