OBIO vs QQQ: Correlation
Orchestra BioMed Holdings, Inc. (OBIO) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OBIO and QQQ?
Across a 3-year window, the weekly returns of OBIO and QQQ correlate at 0.30, moderate. The link has loosened recently: the 1-year correlation (0.03) runs below the 3-year figure (0.30). Stretching to 5 years gives 0.16, with an annualized covariance of 460.5 %².
Out of 10 assets tracked against OBIO, QQQ lands near the bottom at #7. The last year tells two different stories: OBIO led by 53.6 percentage points, +79.9% for OBIO against +26.3% for QQQ. Risk is not evenly split, since OBIO carries 4.1 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.
OBIO vs QQQ: side by side
| OBIO (Orchestra BioMed Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +79.9% | +26.3% |
| 5-year return | -47.8% | +95.4% |
| Volatility (ann.) | 79.5% | 19.6% |
| Beta vs S&P 500 | 1.75 | 1.28 |
| Max drawdown (3Y) | -78.2% | -22.8% |
| Market cap | $0.3B | – |
| 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 | OBIO | QQQ |
|---|---|---|
| 2022 | -1.0% | -32.6% |
| 2023 | -8.5% | +54.9% |
| 2024 | -56.2% | +25.6% |
| 2025 | +3.8% | +20.8% |
| 2026 | +23.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OBIO and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between OBIO and QQQ?
The OBIO/QQQ correlation stands at 0.30 on a 3-year window (1 year: 0.03, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for OBIO?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: OBIO correlations · QQQ correlations
