ODC vs QQQ: Correlation
How closely do Oil-Dri Corporation Of America (ODC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.16, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ODC and QQQ?
On 3 years of weekly data the ODC/QQQ correlation comes out at 0.16, weak. Lately the two have drifted apart, with the 1-year correlation at 0.00 versus 0.16 over 3 years. The 5-year figure is 0.21, and annualized covariance runs at 111.2 %².
Among the 10 assets we track against ODC, QQQ sits near the bottom by co-movement, at rank #6. Their recent paths diverged sharply: over the last 12 months ODC outperformed by 31.7 percentage points (+58.0% for ODC against +26.3% for QQQ). Risk is not evenly split, since ODC carries 1.9 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.
ODC vs QQQ: side by side
| ODC (Oil-Dri Corporation Of America) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +58.0% | +26.3% |
| 5-year return | +476.5% | +95.4% |
| Volatility (ann.) | 36.6% | 19.6% |
| Beta vs S&P 500 | 0.41 | 1.28 |
| Max drawdown (3Y) | -32.7% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 23.7 | – |
| Dividend yield | 0.85% | 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 | ODC | QQQ |
|---|---|---|
| 2022 | +6.5% | -32.6% |
| 2023 | +104.8% | +54.9% |
| 2024 | +32.9% | +25.6% |
| 2025 | +13.2% | +20.8% |
| 2026 | +88.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ODC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between ODC and QQQ?
The ODC/QQQ correlation stands at 0.16 on a 3-year window (1 year: 0.00, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ODC?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
What does a correlation of 0.16 mean?
A reading of 0.16 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: ODC correlations · QQQ correlations
