OIO vs QQQ: Correlation
Measured on weekly returns over the past three years, OIO Group (OIO) and Invesco QQQ Trust (QQQ) carry a correlation of 0.04, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OIO and QQQ?
Across a 3-year window, the weekly returns of OIO and QQQ correlate at 0.04, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.00 lands near the 3-year figure. Stretching to 5 years gives 0.04, with an annualized covariance of 72.8 %².
By 3-year correlation, QQQ places #7 of the 13 assets tracked against OIO. The last year tells two different stories: QQQ led by 100.4 percentage points, -74.1% for OIO against +26.3% for QQQ. Note the risk asymmetry: OIO runs 5.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
OIO vs QQQ: side by side
| OIO (OIO Group) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -74.1% | +26.3% |
| 5-year return | -93.0% | +95.4% |
| Volatility (ann.) | 100.9% | 19.6% |
| Beta vs S&P 500 | 0.48 | 1.28 |
| Max drawdown (3Y) | -87.4% | -22.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| 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 | OIO | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -93.1% | +54.9% |
| 2024 | +91.1% | +25.6% |
| 2025 | +200.8% | +20.8% |
| 2026 | -82.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OIO and QQQ good diversifiers for each other?
Yes: at 0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between OIO and QQQ?
As of 2026-08-27, the correlation of weekly returns between OIO and QQQ is 0.04 over 3 years, 0.00 over 1 year and 0.04 over 5 years.
Is QQQ a good diversifier for OIO?
Yes: at 0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.04 mean?
On the −1 to +1 scale, 0.04 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
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Related comparisons
Hubs: OIO correlations · QQQ correlations
