NVIDIA Corporation vs Invesco QQQ Trust

The price ratio is currently above its 50-day moving average, indicating NVDA has been gaining relative ground recently. The ratio is near its 50-day average, suggesting no significant relative extension. The z-score of 0.34 indicates the ratio is within its normal historical range.

Performance is mixed — NVDA leads over the 63-Day timeframe while QQQ has been stronger in the short term (10-Day). This divergence can signal a momentum shift.

These two assets have a very strong positive long-term correlation of 0.82. The shorter-term correlation has weakened to 0.66, indicating the assets are diverging from their usual relationship — this can present relative-value opportunities. High correlation means these assets offer limited diversification benefit when held together.

QQQ has a stronger flow score (30/100 vs 19/100), indicating more consistent accumulation pressure. This is confirmed by Chaikin Money Flow, with QQQ showing net inflow (0.05) while NVDA shows net outflow (-0.14). Both assets are seeing above-average volume (NVDA: 1.9x, QQQ: 1.4x), adding conviction to the flow signals.

Both assets show similar trend momentum (39/100 vs 42/100), indicating neither has a clear directional edge. Risk profiles are comparable (74/100 vs 71/100). NVDA is 2.3x more volatile than QQQ on a 21-day basis (42.9% vs 18.3%), which means larger price swings in either direction. NVDA has experienced a deeper maximum drawdown over the past year (28.2% vs 19.0%), indicating higher tail risk.

NVDA is currently gaining ground against QQQ, with the price ratio at 0.30 versus its 50-day average of 0.30. The 200-day z-score of 0.34 is within normal bounds, suggesting NVDA may be stretched relative to QQQ. On a flow basis, QQQ shows stronger capital accumulation (30 vs 19). QQQ carries lower short-term volatility (+18.3% vs +42.9% 21-day), with max drawdowns of -28.2% and -19.0% respectively. With a 63-day correlation of 0.66, these assets show moderate co-movement — limiting diversification benefit. Monitor the ratio trend and flow divergence for early signals of a shift in relative leadership.