OGN vs QQQ: Correlation
How closely do Organon & Co. (OGN) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.17, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OGN and QQQ?
On 3 years of weekly data the OGN/QQQ correlation comes out at 0.17, weak. The link has tightened recently: the 1-year correlation (0.35) runs above the 3-year figure (0.17). The 5-year figure is 0.21, and annualized covariance runs at 181.8 %².
Among the 12 assets we track against OGN, QQQ sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months OGN outperformed by 24.5 percentage points (+50.8% for OGN against +26.3% for QQQ). One caveat on sizing: OGN is 2.7 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.
OGN vs QQQ: side by side
| OGN (Organon & Co.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +50.8% | +26.3% |
| 5-year return | -50.3% | +95.4% |
| Volatility (ann.) | 53.4% | 19.6% |
| Beta vs S&P 500 | 0.88 | 1.28 |
| Max drawdown (3Y) | -74.1% | -22.8% |
| Market cap | $3.6B | – |
| P/E (trailing) | 17.6 | – |
| Dividend yield | 0.58% | 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 | OGN | QQQ |
|---|---|---|
| 2022 | -4.9% | -32.6% |
| 2023 | -45.1% | +54.9% |
| 2024 | +9.9% | +25.6% |
| 2025 | -50.7% | +20.8% |
| 2026 | +93.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OGN and QQQ good diversifiers for each other?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between OGN and QQQ?
The OGN/QQQ correlation stands at 0.17 on a 3-year window (1 year: 0.35, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for OGN?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.17 mean?
On the −1 to +1 scale, 0.17 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ogn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ogn-vs-qqq/)
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Related comparisons
Hubs: OGN correlations · QQQ correlations
