NXTS vs QQQ: Correlation
How closely do Nexentis Technologies Inc. (NXTS) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.01, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXTS and QQQ?
Over the past 3 years, NXTS and QQQ moved with a correlation of 0.01, which is near zero, meaning they move largely independently. The past 12 months show a tighter link (0.40) than the 3-year average (0.01). Over 5 years the correlation is 0.01, and the annualized covariance of weekly returns is 74.9 %².
Out of 24 assets tracked against NXTS, QQQ lands near the bottom at #20. Correlation aside, the last 12 months split them widely, with QQQ ahead by 122.6 points (-96.3% versus +26.3%). One caveat on sizing: NXTS is 28.9 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.
NXTS vs QQQ: side by side
| NXTS (Nexentis Technologies Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -96.3% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 565.9% | 19.6% |
| Beta vs S&P 500 | 0.14 | 1.28 |
| Max drawdown (3Y) | -99.9% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 0.2 | – |
| 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 | NXTS | QQQ |
|---|---|---|
| 2022 | -81.2% | -32.6% |
| 2023 | -62.2% | +54.9% |
| 2024 | -87.6% | +25.6% |
| 2025 | -80.6% | +20.8% |
| 2026 | -83.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXTS and QQQ good diversifiers for each other?
Yes. With a correlation of 0.01, NXTS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NXTS and QQQ?
The NXTS/QQQ correlation stands at 0.01 on a 3-year window (1 year: 0.40, 5 years: 0.01), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for NXTS?
Yes. With a correlation of 0.01, NXTS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.01 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nxts-vs-qqq.json
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[](https://www.pairbook.io/pair/nxts-vs-qqq/)
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Related comparisons
Hubs: NXTS correlations · QQQ correlations
