OKUR vs QQQ: Correlation
How closely do OnKure Therapeutics, Inc. (OKUR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.07, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OKUR and QQQ?
Over the past 3 years, OKUR and QQQ moved with a correlation of 0.07, which is near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.19 versus 0.07 over 3 years. Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 118.0 %².
By 3-year correlation, QQQ places #7 of the 15 assets tracked against OKUR. Over the last 12 months OKUR came out ahead by 10.5 percentage points (+36.8% against +26.3%). One caveat on sizing: OKUR is 4.2 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.
OKUR vs QQQ: side by side
| OKUR (OnKure Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +36.8% | +26.3% |
| 5-year return | -96.0% | +95.4% |
| Volatility (ann.) | 81.5% | 19.6% |
| Beta vs S&P 500 | 0.59 | 1.28 |
| Max drawdown (3Y) | -97.8% | -22.8% |
| Market cap | $0.2B | – |
| 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 | OKUR | QQQ |
|---|---|---|
| 2022 | -72.7% | -32.6% |
| 2023 | -31.3% | +54.9% |
| 2024 | -46.2% | +25.6% |
| 2025 | -66.3% | +20.8% |
| 2026 | +32.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OKUR and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
FAQ
What is the correlation between OKUR and QQQ?
As of 2026-08-27, the correlation of weekly returns between OKUR and QQQ is 0.07 over 3 years, 0.19 over 1 year and 0.16 over 5 years.
Is QQQ a good diversifier for OKUR?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
What does a correlation of 0.07 mean?
On the −1 to +1 scale, 0.07 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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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: OKUR correlations · QQQ correlations
