ODD vs QQQ: Correlation
ODDITY Tech Ltd. - Class A (ODD) 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 ODD and QQQ?
Over the past 3 years, ODD and QQQ moved with a correlation of 0.33, which is moderate. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 492.6 %².
Out of 12 assets tracked against ODD, QQQ lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 101.5 percentage points (-75.2% for ODD against +26.3% for QQQ). Risk is not evenly split, since ODD carries 3.9 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.
ODD vs QQQ: side by side
| ODD (ODDITY Tech Ltd. - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -75.2% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 75.9% | 19.6% |
| Beta vs S&P 500 | 1.78 | 1.28 |
| Max drawdown (3Y) | -87.3% | -22.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | 18.3 | – |
| 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 | ODD | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -9.7% | +25.6% |
| 2025 | -4.4% | +20.8% |
| 2026 | -62.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ODD 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 ODD and QQQ?
The ODD/QQQ correlation stands at 0.33 on a 3-year window (1 year: 0.30, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ODD?
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.
Use this data
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Related comparisons
Hubs: ODD correlations · QQQ correlations
