NVS vs QQQ: Correlation
Novartis AG (NVS) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.06.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVS and QQQ?
Across a 3-year window, the weekly returns of NVS and QQQ correlate at 0.06, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.13) runs below the 3-year figure (0.06). Stretching to 5 years gives 0.19, with an annualized covariance of 24.1 %².
Among the 22 assets we track against NVS, QQQ sits near the bottom by co-movement, at rank #18. Their 12-month results are close: +25.6% for NVS against +26.3% for QQQ.
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.
NVS vs QQQ: side by side
| NVS (Novartis AG) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +25.6% | +26.3% |
| 5-year return | +103.5% | +95.4% |
| Volatility (ann.) | 19.6% | 19.6% |
| Beta vs S&P 500 | 0.25 | 1.28 |
| Max drawdown (3Y) | -20.0% | -22.8% |
| Market cap | $293.9B | – |
| P/E (trailing) | 23.4 | – |
| Dividend yield | 2.96% | 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 | NVS | QQQ |
|---|---|---|
| 2022 | +8.1% | -32.6% |
| 2023 | +16.1% | +54.9% |
| 2024 | +0.0% | +25.6% |
| 2025 | +47.0% | +20.8% |
| 2026 | +15.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVS and QQQ good diversifiers for each other?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NVS and QQQ?
Using weekly returns as of 2026-08-27: 0.06 over 3 years, with -0.13 over the last year and 0.19 over 5 years.
Is QQQ a good diversifier for NVS?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
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
$ curl https://www.pairbook.io/api/v1/pairs/nvs-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nvs-vs-qqq/)
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Hubs: NVS correlations · QQQ correlations
