OLOX vs QQQ: Correlation
Olenox Industries Inc. (OLOX) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.08.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OLOX and QQQ?
Over the past 3 years, OLOX and QQQ moved with a correlation of 0.08, which is near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.19) runs below the 3-year figure (0.08). Over 5 years the correlation is 0.08, and the annualized covariance of weekly returns is 267.6 %².
Out of 11 assets tracked against OLOX, QQQ lands near the bottom at #7. The last year tells two different stories: QQQ led by 125.1 percentage points, -98.8% for OLOX against +26.3% for QQQ. One caveat on sizing: OLOX is 8.9 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.
OLOX vs QQQ: side by side
| OLOX (Olenox Industries Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -98.8% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 173.6% | 19.6% |
| Beta vs S&P 500 | 0.94 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| 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 | OLOX | QQQ |
|---|---|---|
| 2022 | -27.1% | -32.6% |
| 2023 | -26.7% | +54.9% |
| 2024 | -94.9% | +25.6% |
| 2025 | -93.9% | +20.8% |
| 2026 | -92.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLOX and QQQ good diversifiers for each other?
Yes. With a correlation of 0.08, OLOX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between OLOX and QQQ?
Using weekly returns as of 2026-08-27: 0.08 over 3 years, with -0.19 over the last year and 0.08 over 5 years.
Is QQQ a good diversifier for OLOX?
Yes. With a correlation of 0.08, OLOX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.08 mean?
On the −1 to +1 scale, 0.08 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
$ curl https://www.pairbook.io/api/v1/pairs/olox-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/olox-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OLOX correlations · QQQ correlations
