ODYS vs QQQ: Correlation
Measured on weekly returns over the past three years, Odysight.ai Inc. (ODYS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.02, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ODYS and QQQ?
On 3 years of weekly data the ODYS/QQQ correlation comes out at 0.02, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of -0.06 lands near the 3-year figure. The 5-year figure is -0.03, and annualized covariance runs at 29.5 %².
Among the 17 assets we track against ODYS, QQQ ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 26.6 percentage points (-0.3% for ODYS against +26.3% for QQQ). One caveat on sizing: ODYS is 4.4 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.
ODYS vs QQQ: side by side
| ODYS (Odysight.ai Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -0.3% | +26.3% |
| 5-year return | -63.1% | +95.4% |
| Volatility (ann.) | 85.6% | 19.6% |
| Beta vs S&P 500 | 0.24 | 1.28 |
| Max drawdown (3Y) | -71.9% | -22.8% |
| Market cap | $0.1B | – |
| 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 | ODYS | QQQ |
|---|---|---|
| 2022 | -37.5% | -32.6% |
| 2023 | -39.0% | +54.9% |
| 2024 | +162.3% | +25.6% |
| 2025 | -58.8% | +20.8% |
| 2026 | +15.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ODYS and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.02 means the two rarely move for the same reasons.
FAQ
What is the correlation between ODYS and QQQ?
The ODYS/QQQ correlation stands at 0.02 on a 3-year window (1 year: -0.06, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ODYS?
By historical standards, yes. A correlation of 0.02 means the two rarely move for the same reasons.
What does a correlation of 0.02 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/odys-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/odys-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ODYS correlations · QQQ correlations
