OEC vs QQQ: Correlation
Orion S.A. (OEC) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OEC and QQQ?
On 3 years of weekly data the OEC/QQQ correlation comes out at 0.23, weak. Lately the two have drifted apart, with the 1-year correlation at 0.06 versus 0.23 over 3 years. The 5-year figure is 0.26, and annualized covariance runs at 231.3 %².
Out of 10 assets tracked against OEC, QQQ lands near the bottom at #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 65.5 percentage points (-39.2% for OEC against +26.3% for QQQ). Risk is not evenly split, since OEC carries 2.6 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.
OEC vs QQQ: side by side
| OEC (Orion S.A.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -39.2% | +26.3% |
| 5-year return | -64.2% | +95.4% |
| Volatility (ann.) | 51.9% | 19.6% |
| Beta vs S&P 500 | 1.04 | 1.28 |
| Max drawdown (3Y) | -84.5% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.35% | 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 | OEC | QQQ |
|---|---|---|
| 2022 | -2.4% | -32.6% |
| 2023 | +56.2% | +54.9% |
| 2024 | -42.8% | +25.6% |
| 2025 | -66.4% | +20.8% |
| 2026 | +20.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OEC and QQQ good diversifiers for each other?
Reasonably. At 0.23, OEC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OEC and QQQ?
Using weekly returns as of 2026-08-27: 0.23 over 3 years, with 0.06 over the last year and 0.26 over 5 years.
Is QQQ a good diversifier for OEC?
Reasonably. At 0.23, OEC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.23 mean?
A reading of 0.23 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/oec-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/oec-vs-qqq/)
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Related comparisons
Hubs: OEC correlations · QQQ correlations
