NXPI vs QQQ: Correlation
NXP Semiconductors (NXPI) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXPI and QQQ?
Across a 3-year window, the weekly returns of NXPI and QQQ correlate at 0.59, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.46 versus 0.59 over 3 years. Stretching to 5 years gives 0.63, with an annualized covariance of 458.3 %².
Within NXPI's tracked universe of 35 assets, QQQ comes in at #16 by 3-year correlation. The last year tells two different stories: QQQ led by 29.6 percentage points, -3.3% for NXPI against +26.3% for QQQ. On a rolling one-year basis the correlation drifted between 0.38 and 0.80, a moderate band. Risk is not evenly split, since NXPI carries 2.0 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.
NXPI vs QQQ: side by side
| NXPI (NXP Semiconductors) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -3.3% | +26.3% |
| 5-year return | +8.6% | +95.4% |
| Volatility (ann.) | 39.9% | 19.6% |
| Beta vs S&P 500 | 1.53 | 1.28 |
| Max drawdown (3Y) | -46.5% | -22.8% |
| Market cap | $57.0B | – |
| P/E (trailing) | 19.3 | – |
| Dividend yield | 1.82% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | 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 | NXPI | QQQ |
|---|---|---|
| 2022 | -29.2% | -32.6% |
| 2023 | +48.4% | +54.9% |
| 2024 | -8.0% | +25.6% |
| 2025 | +6.4% | +20.8% |
| 2026 | +4.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.25% of QQQ is NXPI itself, so the fund partly moves with the stock by construction.
Are NXPI and QQQ good diversifiers for each other?
Only partially. A correlation of 0.59 means NXPI and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between NXPI and QQQ?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.46 over the last year and 0.63 over 5 years.
Is QQQ a good diversifier for NXPI?
Only partially. A correlation of 0.59 means NXPI and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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/nxpi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nxpi-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NXPI correlations · QQQ correlations
