OMEX vs QQQ: Correlation
How closely do Odyssey Marine Exploration, Inc. (OMEX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OMEX and QQQ?
Across a 3-year window, the weekly returns of OMEX and QQQ correlate at 0.22, weak. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. Stretching to 5 years gives 0.14, with an annualized covariance of 642.8 %².
Within OMEX's tracked universe of 14 assets, QQQ comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 79.3 percentage points (-53.0% for OMEX against +26.3% for QQQ). Note the risk asymmetry: OMEX runs 7.8 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.
OMEX vs QQQ: side by side
| OMEX (Odyssey Marine Exploration, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -53.0% | +26.3% |
| 5-year return | -83.6% | +95.4% |
| Volatility (ann.) | 152.5% | 19.6% |
| Beta vs S&P 500 | 2.12 | 1.28 |
| Max drawdown (3Y) | -94.6% | -22.8% |
| Market cap | $0.1B | – |
| 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 | OMEX | QQQ |
|---|---|---|
| 2022 | -25.4% | -32.6% |
| 2023 | +19.8% | +54.9% |
| 2024 | -84.5% | +25.6% |
| 2025 | +172.2% | +20.8% |
| 2026 | -54.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OMEX and QQQ good diversifiers for each other?
Reasonably. At 0.22, OMEX and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OMEX and QQQ?
The OMEX/QQQ correlation stands at 0.22 on a 3-year window (1 year: 0.29, 5 years: 0.14), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for OMEX?
Reasonably. At 0.22, OMEX and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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/omex-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/omex-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OMEX correlations · QQQ correlations
