NWL vs QQQ: Correlation
Newell Brands Inc. (NWL) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NWL and QQQ?
Over the past 3 years, NWL and QQQ moved with a correlation of 0.18, which is weak. Recent behaviour matches the longer record: 0.15 over 1 year against 0.18 over 3. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 217.9 %².
Out of 15 assets tracked against NWL, QQQ lands near the bottom at #12. The last year tells two different stories: QQQ led by 20.7 percentage points, +5.6% for NWL against +26.3% for QQQ. Risk is not evenly split, since NWL carries 3.2 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.
NWL vs QQQ: side by side
| NWL (Newell Brands Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.6% | +26.3% |
| 5-year return | -70.7% | +95.4% |
| Volatility (ann.) | 62.8% | 19.6% |
| Beta vs S&P 500 | 1.15 | 1.28 |
| Max drawdown (3Y) | -72.3% | -22.8% |
| Market cap | $2.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.70% | 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 | NWL | QQQ |
|---|---|---|
| 2022 | -37.0% | -32.6% |
| 2023 | -30.9% | +54.9% |
| 2024 | +19.0% | +25.6% |
| 2025 | -60.5% | +20.8% |
| 2026 | +63.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWL and QQQ good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between NWL and QQQ?
The NWL/QQQ correlation stands at 0.18 on a 3-year window (1 year: 0.15, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for NWL?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 mean?
A reading of 0.18 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/nwl-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nwl-vs-qqq/)
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Related comparisons
Hubs: NWL correlations · QQQ correlations
