OCS vs QQQ: Correlation
Measured on weekly returns over the past three years, Oculis Holding AG (OCS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.21, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OCS and QQQ?
On 3 years of weekly data the OCS/QQQ correlation comes out at 0.21, weak. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. The 5-year figure is 0.13, and annualized covariance runs at 235.6 %².
Within OCS's tracked universe of 16 assets, QQQ comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 54.6 percentage points (-28.3% for OCS against +26.3% for QQQ). One caveat on sizing: OCS is 2.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
OCS vs QQQ: side by side
| OCS (Oculis Holding AG) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -28.3% | +26.3% |
| 5-year return | +28.5% | +95.4% |
| Volatility (ann.) | 57.7% | 19.6% |
| Beta vs S&P 500 | 0.76 | 1.28 |
| Max drawdown (3Y) | -67.2% | -22.8% |
| Market cap | $0.7B | – |
| 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 | OCS | QQQ |
|---|---|---|
| 2022 | +4.2% | -32.6% |
| 2023 | +11.2% | +54.9% |
| 2024 | +51.4% | +25.6% |
| 2025 | +17.5% | +20.8% |
| 2026 | -37.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OCS and QQQ good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OCS and QQQ?
The OCS/QQQ correlation stands at 0.21 on a 3-year window (1 year: 0.29, 5 years: 0.13), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for OCS?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 mean?
A reading of 0.21 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
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Related comparisons
Hubs: OCS correlations · QQQ correlations
