NVR vs QQQ: Correlation
NVR, Inc. (NVR) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVR and QQQ?
Across a 3-year window, the weekly returns of NVR and QQQ correlate at 0.21, weak. The relationship has been stable: the 1-year correlation (0.12) sits close to the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 94.9 %².
Within NVR's tracked universe of 38 assets, QQQ comes in at #28 by 3-year correlation. The last year tells two different stories: QQQ led by 47.1 percentage points, -20.8% for NVR against +26.3% for QQQ. The relationship is regime-dependent: the rolling one-year correlation swung between -0.02 and 0.66 over the past three years, so this pair behaves very differently depending on the market environment.
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.
NVR vs QQQ: side by side
| NVR (NVR, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -20.8% | +26.3% |
| 5-year return | +24.2% | +95.4% |
| Volatility (ann.) | 23.4% | 19.6% |
| Beta vs S&P 500 | 0.53 | 1.28 |
| Max drawdown (3Y) | -43.9% | -22.8% |
| Market cap | $17.0B | – |
| P/E (trailing) | 16.6 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Discretionary | 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 | NVR | QQQ |
|---|---|---|
| 2022 | -21.9% | -32.6% |
| 2023 | +51.8% | +54.9% |
| 2024 | +16.8% | +25.6% |
| 2025 | -10.8% | +20.8% |
| 2026 | -12.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVR and QQQ good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NVR and QQQ?
As of 2026-08-27, the correlation of weekly returns between NVR and QQQ is 0.21 over 3 years, 0.12 over 1 year and 0.42 over 5 years.
Is QQQ a good diversifier for NVR?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 mean?
A reading of 0.21 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/nvr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nvr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NVR correlations · QQQ correlations
