NVNI vs QQQ: Correlation
How closely do Nvni Group Limited (NVNI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.06, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVNI and QQQ?
Over the past 3 years, NVNI and QQQ moved with a correlation of -0.06, which is near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.05 versus -0.06 over 3 years. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -1025.8 %².
Within NVNI's tracked universe of 60 assets, QQQ comes in at #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 109.3 percentage points (-83.0% for NVNI against +26.3% for QQQ). Risk is not evenly split, since NVNI carries 48.4 times the volatility of the other side.
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.
NVNI vs QQQ: side by side
| NVNI (Nvni Group Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -83.0% | +26.3% |
| 5-year return | -98.9% | +95.4% |
| Volatility (ann.) | 949.3% | 19.6% |
| Beta vs S&P 500 | -4.03 | 1.28 |
| Max drawdown (3Y) | -99.3% | -22.8% |
| Market cap | – | – |
| 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 | NVNI | QQQ |
|---|---|---|
| 2022 | +4.4% | -32.6% |
| 2023 | -85.4% | +54.9% |
| 2024 | +64.4% | +25.6% |
| 2025 | -89.2% | +20.8% |
| 2026 | -60.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVNI and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.06 means the two rarely move for the same reasons.
FAQ
What is the correlation between NVNI and QQQ?
As of 2026-08-27, the correlation of weekly returns between NVNI and QQQ is -0.06 over 3 years, 0.05 over 1 year and -0.04 over 5 years.
Is QQQ a good diversifier for NVNI?
By historical standards, yes. A correlation of -0.06 means the two rarely move for the same reasons.
What does a correlation of -0.06 mean?
On the −1 to +1 scale, -0.06 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
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Related comparisons
Hubs: NVNI correlations · QQQ correlations
