NYC vs QQQ: Correlation
American Strategic Investment Co. (NYC) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.12.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NYC and QQQ?
Across a 3-year window, the weekly returns of NYC and QQQ correlate at 0.12, weak. Lately the two have drifted apart, with the 1-year correlation at -0.06 versus 0.12 over 3 years. Stretching to 5 years gives 0.11, with an annualized covariance of 143.3 %².
Among the 10 assets we track against NYC, QQQ sits near the bottom by co-movement, at rank #7. The last year tells two different stories: QQQ led by 65.9 percentage points, -39.6% for NYC against +26.3% for QQQ. One caveat on sizing: NYC is 3.0 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.
NYC vs QQQ: side by side
| NYC (American Strategic Investment Co.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -39.6% | +26.3% |
| 5-year return | -9.2% | +95.4% |
| Volatility (ann.) | 59.5% | 19.6% |
| Beta vs S&P 500 | 0.56 | 1.28 |
| Max drawdown (3Y) | -60.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 1.2 | – |
| 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 | NYC | QQQ |
|---|---|---|
| 2022 | -80.8% | -32.6% |
| 2023 | +350.3% | +54.9% |
| 2024 | +6.5% | +25.6% |
| 2025 | -2.4% | +20.8% |
| 2026 | -21.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NYC and QQQ good diversifiers for each other?
Yes. With a correlation of 0.12, NYC and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between NYC and QQQ?
As of 2026-08-27, the correlation of weekly returns between NYC and QQQ is 0.12 over 3 years, -0.06 over 1 year and 0.11 over 5 years.
Is QQQ a good diversifier for NYC?
Yes. With a correlation of 0.12, NYC and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/nyc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nyc-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NYC correlations · QQQ correlations
