OKTA vs QQQ: Correlation
Measured on weekly returns over the past three years, Okta, Inc. (OKTA) 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 OKTA and QQQ?
Over the past 3 years, OKTA and QQQ moved with a correlation of 0.36, which is moderate. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 383.2 %².
Within OKTA's tracked universe of 12 assets, QQQ comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OKTA outperformed by 59.6 percentage points (+85.9% for OKTA against +26.3% for QQQ). Risk is not evenly split, since OKTA carries 2.8 times the volatility of the other side.
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.
OKTA vs QQQ: side by side
| OKTA (Okta, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +85.9% | +26.3% |
| 5-year return | -34.7% | +95.4% |
| Volatility (ann.) | 54.5% | 19.6% |
| Beta vs S&P 500 | 1.24 | 1.28 |
| Max drawdown (3Y) | -50.6% | -22.8% |
| Market cap | $30.2B | – |
| P/E (trailing) | 97.1 | – |
| 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 | OKTA | QQQ |
|---|---|---|
| 2022 | -69.5% | -32.6% |
| 2023 | +32.5% | +54.9% |
| 2024 | -13.0% | +25.6% |
| 2025 | +9.7% | +20.8% |
| 2026 | +100.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OKTA and QQQ good diversifiers for each other?
Reasonably. At 0.36, OKTA and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OKTA and QQQ?
The OKTA/QQQ correlation stands at 0.36 on a 3-year window (1 year: 0.27, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for OKTA?
Reasonably. At 0.36, OKTA and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/okta-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/okta-vs-qqq/)
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Related comparisons
Hubs: OKTA correlations · QQQ correlations
