NWTG vs QQQ: Correlation
Newton Golf Company, Inc. (NWTG) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.07.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NWTG and QQQ?
On 3 years of weekly data the NWTG/QQQ correlation comes out at 0.07, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.08 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 208.1 %².
Among the 11 assets we track against NWTG, QQQ sits near the bottom by co-movement, at rank #8. The last year tells two different stories: QQQ led by 58.9 percentage points, -32.6% for NWTG against +26.3% for QQQ. Risk is not evenly split, since NWTG carries 7.2 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.
NWTG vs QQQ: side by side
| NWTG (Newton Golf Company, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -32.6% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 142.1% | 19.6% |
| Beta vs S&P 500 | 0.76 | 1.28 |
| Max drawdown (3Y) | -99.9% | -22.8% |
| Market cap | – | – |
| 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 | NWTG | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -93.9% | +25.6% |
| 2025 | -88.1% | +20.8% |
| 2026 | -17.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWTG and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
FAQ
What is the correlation between NWTG and QQQ?
Using weekly returns as of 2026-08-27: 0.07 over 3 years, with 0.08 over the last year and n/a over 5 years.
Is QQQ a good diversifier for NWTG?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
What does a correlation of 0.07 mean?
On the −1 to +1 scale, 0.07 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
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Related comparisons
Hubs: NWTG correlations · QQQ correlations
