ONCY vs QQQ: Correlation
Oncolytics Biotech Inc. (ONCY) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONCY and QQQ?
Across a 3-year window, the weekly returns of ONCY and QQQ correlate at 0.22, weak. The link has tightened recently: the 1-year correlation (0.41) runs above the 3-year figure (0.22). Stretching to 5 years gives 0.25, with an annualized covariance of 344.1 %².
Out of 10 assets tracked against ONCY, QQQ lands near the bottom at #6. Correlation aside, the last 12 months split them widely, with QQQ ahead by 46.1 points (-19.8% versus +26.3%). Risk is not evenly split, since ONCY carries 4.1 times the volatility of the other side.
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.
ONCY vs QQQ: side by side
| ONCY (Oncolytics Biotech Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -19.8% | +26.3% |
| 5-year return | -61.2% | +95.4% |
| Volatility (ann.) | 80.8% | 19.6% |
| Beta vs S&P 500 | 1.15 | 1.28 |
| Max drawdown (3Y) | -86.2% | -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 | ONCY | QQQ |
|---|---|---|
| 2022 | +17.3% | -32.6% |
| 2023 | -17.2% | +54.9% |
| 2024 | -32.6% | +25.6% |
| 2025 | -4.4% | +20.8% |
| 2026 | -2.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONCY and QQQ good diversifiers for each other?
Reasonably. At 0.22, ONCY and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ONCY and QQQ?
The ONCY/QQQ correlation stands at 0.22 on a 3-year window (1 year: 0.41, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ONCY?
Reasonably. At 0.22, ONCY 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/oncy-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/oncy-vs-qqq/)
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Related comparisons
Hubs: ONCY correlations · QQQ correlations
