OMER vs QQQ: Correlation
Omeros Corporation (OMER) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OMER and QQQ?
Across a 3-year window, the weekly returns of OMER and QQQ correlate at 0.19, weak. Recent behaviour matches the longer record: 0.27 over 1 year against 0.19 over 3. Stretching to 5 years gives 0.21, with an annualized covariance of 445.0 %².
Out of 13 assets tracked against OMER, QQQ lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with OMER ahead by 326.6 points (+352.9% versus +26.3%). Note the risk asymmetry: OMER runs 6.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
OMER vs QQQ: side by side
| OMER (Omeros Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +352.9% | +26.3% |
| 5-year return | +22.7% | +95.4% |
| Volatility (ann.) | 119.0% | 19.6% |
| Beta vs S&P 500 | 1.80 | 1.28 |
| Max drawdown (3Y) | -75.6% | -22.8% |
| Market cap | $1.4B | – |
| P/E (trailing) | 11.1 | – |
| 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 | OMER | QQQ |
|---|---|---|
| 2022 | -64.9% | -32.6% |
| 2023 | +44.7% | +54.9% |
| 2024 | +202.1% | +25.6% |
| 2025 | +73.9% | +20.8% |
| 2026 | +12.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OMER and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between OMER and QQQ?
As of 2026-08-27, the correlation of weekly returns between OMER and QQQ is 0.19 over 3 years, 0.27 over 1 year and 0.21 over 5 years.
Is QQQ a good diversifier for OMER?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
What does a correlation of 0.19 mean?
On the −1 to +1 scale, 0.19 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/omer-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/omer-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OMER correlations · QQQ correlations
