OLN vs QQQ: Correlation
Olin Corporation (OLN) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OLN and QQQ?
Over the past 3 years, OLN and QQQ moved with a correlation of 0.22, which is weak. The link has loosened recently: the 1-year correlation (-0.13) runs below the 3-year figure (0.22). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 195.5 %².
Out of 20 assets tracked against OLN, QQQ lands near the bottom at #17. Correlation aside, the last 12 months split them widely, with QQQ ahead by 49.6 points (-23.3% versus +26.3%). One caveat on sizing: OLN is 2.3 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.
OLN vs QQQ: side by side
| OLN (Olin Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -23.3% | +26.3% |
| 5-year return | -62.2% | +95.4% |
| Volatility (ann.) | 45.4% | 19.6% |
| Beta vs S&P 500 | 1.04 | 1.28 |
| Max drawdown (3Y) | -69.3% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.62% | 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 | OLN | QQQ |
|---|---|---|
| 2022 | -6.6% | -32.6% |
| 2023 | +3.5% | +54.9% |
| 2024 | -36.3% | +25.6% |
| 2025 | -36.2% | +20.8% |
| 2026 | -15.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLN and QQQ good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OLN and QQQ?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with -0.13 over the last year and 0.32 over 5 years.
Is QQQ a good diversifier for OLN?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/oln-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/oln-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OLN correlations · QQQ correlations
