NXXT vs QQQ: Correlation
How closely do NextNRG, Inc. (NXXT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NXXT and QQQ?
On 3 years of weekly data the NXXT/QQQ correlation comes out at 0.12, weak. Recent behaviour matches the longer record: 0.16 over 1 year against 0.12 over 3. The 5-year figure is 0.09, and annualized covariance runs at 370.1 %².
Among the 10 assets we track against NXXT, QQQ sits near the bottom by co-movement, at rank #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 112.9 points (-86.6% versus +26.3%). One caveat on sizing: NXXT is 8.0 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.
NXXT vs QQQ: side by side
| NXXT (NextNRG, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -86.6% | +26.3% |
| 5-year return | -99.7% | +95.4% |
| Volatility (ann.) | 157.3% | 19.6% |
| Beta vs S&P 500 | 1.37 | 1.28 |
| Max drawdown (3Y) | -97.8% | -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 | NXXT | QQQ |
|---|---|---|
| 2022 | -79.6% | -32.6% |
| 2023 | -27.8% | +54.9% |
| 2024 | -23.6% | +25.6% |
| 2025 | -53.2% | +20.8% |
| 2026 | -83.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NXXT and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
FAQ
What is the correlation between NXXT and QQQ?
Using weekly returns as of 2026-08-27: 0.12 over 3 years, with 0.16 over the last year and 0.09 over 5 years.
Is QQQ a good diversifier for NXXT?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
What does a correlation of 0.12 mean?
On the −1 to +1 scale, 0.12 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/nxxt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nxxt-vs-qqq/)
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Related comparisons
Hubs: NXXT correlations · QQQ correlations
