ONFO vs QQQ: Correlation
How closely do Onfolio Holdings Inc. (ONFO) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.02, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONFO and QQQ?
On 3 years of weekly data the ONFO/QQQ correlation comes out at 0.02, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.03) sits close to the 3-year figure. The 5-year figure is 0.02, and annualized covariance runs at 1978.4 %².
QQQ is close to the least connected end of ONFO's tracked universe, ranking #6 of 10. The trailing year gives ONFO the advantage: +36.5% versus +26.3%, a 10.2-point spread. Note the risk asymmetry: ONFO runs 211.8 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.
ONFO vs QQQ: side by side
| ONFO (Onfolio Holdings Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +36.5% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 4150.5% | 19.6% |
| Beta vs S&P 500 | 6.65 | 1.28 |
| Max drawdown (3Y) | -99.3% | -22.8% |
| Market cap | – | – |
| 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 | ONFO | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -66.4% | +54.9% |
| 2024 | +162.7% | +25.6% |
| 2025 | -49.3% | +20.8% |
| 2026 | +109.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONFO and QQQ good diversifiers for each other?
Yes: at 0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ONFO and QQQ?
Using weekly returns as of 2026-08-27: 0.02 over 3 years, with 0.03 over the last year and 0.02 over 5 years.
Is QQQ a good diversifier for ONFO?
Yes: at 0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.02 mean?
On the −1 to +1 scale, 0.02 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/onfo-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/onfo-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ONFO correlations · QQQ correlations
