OCFC vs QQQ: Correlation
OceanFirst Financial Corp. (OCFC) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OCFC and QQQ?
Across a 3-year window, the weekly returns of OCFC and QQQ correlate at 0.33, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.09 versus 0.33 over 3 years. Stretching to 5 years gives 0.31, with an annualized covariance of 207.0 %².
QQQ is close to the least connected end of OCFC's tracked universe, ranking #10 of 13. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 19.9 percentage points (+6.4% for OCFC against +26.3% for QQQ). Risk is not evenly split, since OCFC carries 1.6 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.
OCFC vs QQQ: side by side
| OCFC (OceanFirst Financial Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +6.4% | +26.3% |
| 5-year return | +10.9% | +95.4% |
| Volatility (ann.) | 31.8% | 19.6% |
| Beta vs S&P 500 | 1.04 | 1.28 |
| Max drawdown (3Y) | -29.8% | -22.8% |
| Market cap | $1.8B | – |
| P/E (trailing) | 23.6 | – |
| Dividend yield | 4.21% | 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 | OCFC | QQQ |
|---|---|---|
| 2022 | -0.9% | -32.6% |
| 2023 | -14.2% | +54.9% |
| 2024 | +9.4% | +25.6% |
| 2025 | +3.9% | +20.8% |
| 2026 | +8.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OCFC 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 OCFC and QQQ?
As of 2026-08-27, the correlation of weekly returns between OCFC and QQQ is 0.33 over 3 years, 0.09 over 1 year and 0.31 over 5 years.
Is QQQ a good diversifier for OCFC?
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?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ocfc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ocfc-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OCFC correlations · QQQ correlations
