OC vs QQQ: Correlation
Owens Corning Inc (OC) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OC and QQQ?
Across a 3-year window, the weekly returns of OC and QQQ correlate at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 334.7 %².
By 3-year correlation, QQQ places #17 of the 24 assets tracked against OC. Correlation aside, the last 12 months split them widely, with QQQ ahead by 29.9 points (-3.6% versus +26.3%). Risk is not evenly split, since OC carries 1.8 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.
OC vs QQQ: side by side
| OC (Owens Corning Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -3.6% | +26.3% |
| 5-year return | +60.3% | +95.4% |
| Volatility (ann.) | 35.1% | 19.6% |
| Beta vs S&P 500 | 1.41 | 1.28 |
| Max drawdown (3Y) | -52.5% | -22.8% |
| Market cap | $11.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.10% | 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 | OC | QQQ |
|---|---|---|
| 2022 | -4.2% | -32.6% |
| 2023 | +77.2% | +54.9% |
| 2024 | +16.6% | +25.6% |
| 2025 | -33.0% | +20.8% |
| 2026 | +30.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OC and QQQ good diversifiers for each other?
Reasonably. At 0.49, OC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OC and QQQ?
The OC/QQQ correlation stands at 0.49 on a 3-year window (1 year: 0.39, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for OC?
Reasonably. At 0.49, OC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/oc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/oc-vs-qqq/)
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Related comparisons
Hubs: OC correlations · QQQ correlations
