NVT vs QQQ: Correlation
Measured on weekly returns over the past three years, nVent Electric plc (NVT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVT and QQQ?
On 3 years of weekly data the NVT/QQQ correlation comes out at 0.67, strong. Recent behaviour matches the longer record: 0.61 over 1 year against 0.67 over 3. The 5-year figure is 0.60, and annualized covariance runs at 481.1 %².
By 3-year correlation, QQQ places #9 of the 37 assets tracked against NVT. Their recent paths diverged sharply: over the last 12 months NVT outperformed by 45.6 percentage points (+71.9% for NVT against +26.3% for QQQ). One caveat on sizing: NVT is 1.9 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.
NVT vs QQQ: side by side
| NVT (nVent Electric plc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +71.9% | +26.3% |
| 5-year return | +382.4% | +95.4% |
| Volatility (ann.) | 36.7% | 19.6% |
| Beta vs S&P 500 | 1.68 | 1.28 |
| Max drawdown (3Y) | -46.7% | -22.8% |
| Market cap | $25.2B | – |
| P/E (trailing) | 43.2 | – |
| Dividend yield | 0.53% | 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 | NVT | QQQ |
|---|---|---|
| 2022 | +3.3% | -32.6% |
| 2023 | +56.0% | +54.9% |
| 2024 | +16.6% | +25.6% |
| 2025 | +51.3% | +20.8% |
| 2026 | +53.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVT and QQQ good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between NVT and QQQ?
As of 2026-08-27, the correlation of weekly returns between NVT and QQQ is 0.67 over 3 years, 0.61 over 1 year and 0.60 over 5 years.
Is QQQ a good diversifier for NVT?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 mean?
A reading of 0.67 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/nvt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nvt-vs-qqq/)
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Related comparisons
Hubs: NVT correlations · QQQ correlations
