ONMD vs QQQ: Correlation
OneMedNet Corp (ONMD) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.00.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONMD and QQQ?
Across a 3-year window, the weekly returns of ONMD and QQQ correlate at 0.00, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.05) sits close to the 3-year figure. Stretching to 5 years gives 0.01, with an annualized covariance of 25.2 %².
Out of 10 assets tracked against ONMD, QQQ lands near the bottom at #6. Correlation aside, the last 12 months split them widely, with QQQ ahead by 54.6 points (-28.3% versus +26.3%). One caveat on sizing: ONMD is 15.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ONMD vs QQQ: side by side
| ONMD (OneMedNet Corp) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -28.3% | +26.3% |
| 5-year return | -94.1% | +95.4% |
| Volatility (ann.) | 295.9% | 19.6% |
| Beta vs S&P 500 | -0.51 | 1.28 |
| Max drawdown (3Y) | -97.2% | -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 | ONMD | QQQ |
|---|---|---|
| 2022 | +3.4% | -32.6% |
| 2023 | -92.2% | +54.9% |
| 2024 | +67.9% | +25.6% |
| 2025 | -19.1% | +20.8% |
| 2026 | -46.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONMD and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.00 means the two rarely move for the same reasons.
FAQ
What is the correlation between ONMD and QQQ?
Using weekly returns as of 2026-08-27: 0.00 over 3 years, with -0.05 over the last year and 0.01 over 5 years.
Is QQQ a good diversifier for ONMD?
By historical standards, yes. A correlation of 0.00 means the two rarely move for the same reasons.
What does a correlation of 0.00 mean?
On the −1 to +1 scale, 0.00 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/onmd-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/onmd-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ONMD correlations · QQQ correlations
