OMF vs QQQ: Correlation
OneMain Holdings, Inc. (OMF) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OMF and QQQ?
Across a 3-year window, the weekly returns of OMF and QQQ correlate at 0.45, moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.45 over 3. Stretching to 5 years gives 0.46, with an annualized covariance of 282.0 %².
By 3-year correlation, QQQ places #21 of the 27 assets tracked against OMF. On 12-month performance QQQ holds a 14.5-point edge, +11.8% against +26.3%. Note the risk asymmetry: OMF runs 1.6 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.
OMF vs QQQ: side by side
| OMF (OneMain Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +11.8% | +26.3% |
| 5-year return | +68.1% | +95.4% |
| Volatility (ann.) | 31.8% | 19.6% |
| Beta vs S&P 500 | 1.27 | 1.28 |
| Max drawdown (3Y) | -29.9% | -22.8% |
| Market cap | $7.3B | – |
| P/E (trailing) | 9.5 | – |
| Dividend yield | 6.64% | 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 | OMF | QQQ |
|---|---|---|
| 2022 | -27.2% | -32.6% |
| 2023 | +63.0% | +54.9% |
| 2024 | +15.1% | +25.6% |
| 2025 | +39.8% | +20.8% |
| 2026 | -0.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OMF and QQQ good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OMF and QQQ?
The OMF/QQQ correlation stands at 0.45 on a 3-year window (1 year: 0.38, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for OMF?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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/omf-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/omf-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OMF correlations · QQQ correlations
