OLED vs QQQ: Correlation
Measured on weekly returns over the past three years, Universal Display Corporation (OLED) and Invesco QQQ Trust (QQQ) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OLED and QQQ?
Across a 3-year window, the weekly returns of OLED and QQQ correlate at 0.53, moderate. The link has loosened recently: the 1-year correlation (0.36) runs below the 3-year figure (0.53). Stretching to 5 years gives 0.58, with an annualized covariance of 423.6 %².
Out of 10 assets tracked against OLED, QQQ lands near the bottom at #7. The last year tells two different stories: QQQ led by 65.1 percentage points, -38.8% for OLED against +26.3% for QQQ. Risk is not evenly split, since OLED carries 2.1 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.
OLED vs QQQ: side by side
| OLED (Universal Display Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -38.8% | +26.3% |
| 5-year return | -57.1% | +95.4% |
| Volatility (ann.) | 40.6% | 19.6% |
| Beta vs S&P 500 | 1.51 | 1.28 |
| Max drawdown (3Y) | -66.1% | -22.8% |
| Market cap | $3.9B | – |
| P/E (trailing) | 20.5 | – |
| Dividend yield | 2.19% | 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 | OLED | QQQ |
|---|---|---|
| 2022 | -33.9% | -32.6% |
| 2023 | +78.6% | +54.9% |
| 2024 | -22.9% | +25.6% |
| 2025 | -19.1% | +20.8% |
| 2026 | -26.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLED and QQQ good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between OLED and QQQ?
As of 2026-08-27, the correlation of weekly returns between OLED and QQQ is 0.53 over 3 years, 0.36 over 1 year and 0.58 over 5 years.
Is QQQ a good diversifier for OLED?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 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/oled-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/oled-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OLED correlations · QQQ correlations
