OFG vs QQQ: Correlation
Measured on weekly returns over the past three years, OFG Bancorp (OFG) and Invesco QQQ Trust (QQQ) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OFG and QQQ?
Across a 3-year window, the weekly returns of OFG and QQQ correlate at 0.27, weak. The past 12 months show a weaker link (-0.07) than the 3-year average (0.27). Stretching to 5 years gives 0.28, with an annualized covariance of 145.3 %².
Among the 12 assets we track against OFG, QQQ sits near the bottom by co-movement, at rank #9. On 12-month performance QQQ holds a 7.5-point edge, +18.8% against +26.3%.
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.
OFG vs QQQ: side by side
| OFG (OFG Bancorp) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +18.8% | +26.3% |
| 5-year return | +150.6% | +95.4% |
| Volatility (ann.) | 27.3% | 19.6% |
| Beta vs S&P 500 | 0.74 | 1.28 |
| Max drawdown (3Y) | -24.6% | -22.8% |
| Market cap | $2.2B | – |
| P/E (trailing) | 10.3 | – |
| Dividend yield | 2.49% | 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 | OFG | QQQ |
|---|---|---|
| 2022 | +6.5% | -32.6% |
| 2023 | +40.2% | +54.9% |
| 2024 | +15.8% | +25.6% |
| 2025 | -1.1% | +20.8% |
| 2026 | +29.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OFG and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between OFG and QQQ?
The OFG/QQQ correlation stands at 0.27 on a 3-year window (1 year: -0.07, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for OFG?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 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/ofg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ofg-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OFG correlations · QQQ correlations
