OGI vs QQQ: Correlation
Measured on weekly returns over the past three years, Organigram Global Inc. (OGI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OGI and QQQ?
Over the past 3 years, OGI and QQQ moved with a correlation of 0.36, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.18 versus 0.36 over 3 years. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 450.5 %².
Out of 11 assets tracked against OGI, QQQ lands near the bottom at #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 52.6 percentage points (-26.3% for OGI against +26.3% for QQQ). One caveat on sizing: OGI is 3.3 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.
OGI vs QQQ: side by side
| OGI (Organigram Global Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -26.3% | +26.3% |
| 5-year return | -88.1% | +95.4% |
| Volatility (ann.) | 64.6% | 19.6% |
| Beta vs S&P 500 | 1.67 | 1.28 |
| Max drawdown (3Y) | -68.0% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 2.9 | – |
| 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 | OGI | QQQ |
|---|---|---|
| 2022 | -54.3% | -32.6% |
| 2023 | -59.1% | +54.9% |
| 2024 | +22.9% | +25.6% |
| 2025 | +4.3% | +20.8% |
| 2026 | -26.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OGI and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between OGI and QQQ?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.18 over the last year and 0.38 over 5 years.
Is QQQ a good diversifier for OGI?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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: OGI correlations · QQQ correlations
