OBK vs QQQ: Correlation
How closely do Origin Bancorp, Inc. (OBK) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OBK and QQQ?
On 3 years of weekly data the OBK/QQQ correlation comes out at 0.33, moderate. The link has loosened recently: the 1-year correlation (0.06) runs below the 3-year figure (0.33). The 5-year figure is 0.34, and annualized covariance runs at 188.9 %².
QQQ is close to the least connected end of OBK's tracked universe, ranking #8 of 11. On 12-month performance OBK holds a 12.6-point edge, +38.9% against +26.3%.
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.
OBK vs QQQ: side by side
| OBK (Origin Bancorp, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +38.9% | +26.3% |
| 5-year return | +43.8% | +95.4% |
| Volatility (ann.) | 29.1% | 19.6% |
| Beta vs S&P 500 | 0.90 | 1.28 |
| Max drawdown (3Y) | -28.0% | -22.8% |
| Market cap | $1.6B | – |
| P/E (trailing) | 16.7 | – |
| Dividend yield | 1.31% | 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 | OBK | QQQ |
|---|---|---|
| 2022 | -13.3% | -32.6% |
| 2023 | -1.2% | +54.9% |
| 2024 | -4.6% | +25.6% |
| 2025 | +14.8% | +20.8% |
| 2026 | +43.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OBK and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between OBK and QQQ?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.06 over the last year and 0.34 over 5 years.
Is QQQ a good diversifier for OBK?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 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.
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Related comparisons
Hubs: OBK correlations · QQQ correlations
