ONCO vs QQQ: Correlation
How closely do Onconetix, Inc. (ONCO) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.15, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONCO and QQQ?
On 3 years of weekly data the ONCO/QQQ correlation comes out at 0.15, weak. Lately the two have drifted apart, with the 1-year correlation at -0.04 versus 0.15 over 3 years. The 5-year figure is 0.20, and annualized covariance runs at 424.1 %².
Among the 10 assets we track against ONCO, QQQ sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 125.9 percentage points (-99.6% for ONCO against +26.3% for QQQ). Note the risk asymmetry: ONCO runs 7.4 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.
ONCO vs QQQ: side by side
| ONCO (Onconetix, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -99.6% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 145.0% | 19.6% |
| Beta vs S&P 500 | 1.80 | 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 | ONCO | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -82.0% | +54.9% |
| 2024 | -92.0% | +25.6% |
| 2025 | -97.1% | +20.8% |
| 2026 | -99.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONCO and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between ONCO and QQQ?
The ONCO/QQQ correlation stands at 0.15 on a 3-year window (1 year: -0.04, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ONCO?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
What does a correlation of 0.15 mean?
A reading of 0.15 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/onco-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/onco-vs-qqq/)
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Related comparisons
Hubs: ONCO correlations · QQQ correlations
