NVTS vs QQQ: Correlation
Navitas Semiconductor Corporation (NVTS) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVTS and QQQ?
On 3 years of weekly data the NVTS/QQQ correlation comes out at 0.32, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.48 versus 0.32 over 3 years. The 5-year figure is 0.37, and annualized covariance runs at 758.9 %².
Within NVTS's tracked universe of 22 assets, QQQ comes in at #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NVTS ahead by 79.8 points (+106.1% versus +26.3%). Note the risk asymmetry: NVTS runs 6.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
NVTS vs QQQ: side by side
| NVTS (Navitas Semiconductor Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +106.1% | +26.3% |
| 5-year return | -2.3% | +95.4% |
| Volatility (ann.) | 122.7% | 19.6% |
| Beta vs S&P 500 | 2.11 | 1.28 |
| Max drawdown (3Y) | -81.8% | -22.8% |
| Market cap | $3.3B | – |
| 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 | NVTS | QQQ |
|---|---|---|
| 2022 | -79.4% | -32.6% |
| 2023 | +129.9% | +54.9% |
| 2024 | -55.8% | +25.6% |
| 2025 | +100.0% | +20.8% |
| 2026 | +75.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVTS and QQQ good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between NVTS and QQQ?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.48 over the last year and 0.37 over 5 years.
Is QQQ a good diversifier for NVTS?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 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/nvts-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nvts-vs-qqq/)
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Hubs: NVTS correlations · QQQ correlations
