ONDS vs QQQ: Correlation
Measured on weekly returns over the past three years, Ondas Inc (ONDS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONDS and QQQ?
On 3 years of weekly data the ONDS/QQQ correlation comes out at 0.22, weak. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. The 5-year figure is 0.22, and annualized covariance runs at 592.0 %².
QQQ is close to the least connected end of ONDS's tracked universe, ranking #7 of 10. Correlation aside, the last 12 months split them widely, with ONDS ahead by 46.3 points (+72.6% versus +26.3%). Risk is not evenly split, since ONDS carries 6.9 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.
ONDS vs QQQ: side by side
| ONDS (Ondas Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +72.6% | +26.3% |
| 5-year return | +23.8% | +95.4% |
| Volatility (ann.) | 135.8% | 19.6% |
| Beta vs S&P 500 | 2.31 | 1.28 |
| Max drawdown (3Y) | -75.8% | -22.8% |
| Market cap | $5.0B | – |
| 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 | ONDS | QQQ |
|---|---|---|
| 2022 | -76.3% | -32.6% |
| 2023 | -3.8% | +54.9% |
| 2024 | +67.3% | +25.6% |
| 2025 | +281.3% | +20.8% |
| 2026 | -10.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONDS and QQQ good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ONDS and QQQ?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with 0.32 over the last year and 0.22 over 5 years.
Is QQQ a good diversifier for ONDS?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/onds-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/onds-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ONDS correlations · QQQ correlations
