OGE vs QQQ: Correlation
Measured on weekly returns over the past three years, OGE Energy Corp (OGE) and Invesco QQQ Trust (QQQ) carry a correlation of 0.01, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OGE and QQQ?
On 3 years of weekly data the OGE/QQQ correlation comes out at 0.01, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.14) than the 3-year average (0.01). The 5-year figure is 0.20, and annualized covariance runs at 4.7 %².
Among the 42 assets we track against OGE, QQQ sits near the bottom by co-movement, at rank #39. Correlation aside, the last 12 months split them widely, with QQQ ahead by 20.8 points (+5.5% versus +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.
OGE vs QQQ: side by side
| OGE (OGE Energy Corp) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.5% | +26.3% |
| 5-year return | +60.6% | +95.4% |
| Volatility (ann.) | 17.6% | 19.6% |
| Beta vs S&P 500 | 0.20 | 1.28 |
| Max drawdown (3Y) | -11.3% | -22.8% |
| Market cap | $9.5B | – |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 3.64% | 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 | OGE | QQQ |
|---|---|---|
| 2022 | +7.6% | -32.6% |
| 2023 | -7.5% | +54.9% |
| 2024 | +23.7% | +25.6% |
| 2025 | +7.6% | +20.8% |
| 2026 | +10.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OGE and QQQ good diversifiers for each other?
Yes. With a correlation of 0.01, OGE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between OGE and QQQ?
The OGE/QQQ correlation stands at 0.01 on a 3-year window (1 year: -0.14, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for OGE?
Yes. With a correlation of 0.01, OGE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.01 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.
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Related comparisons
Hubs: OGE correlations · QQQ correlations
