ONT vs QQQ: Correlation
Measured on weekly returns over the past three years, Onterris, Inc. (ONT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.19, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONT and QQQ?
Across a 3-year window, the weekly returns of ONT and QQQ correlate at 0.19, weak. Lately the two have drifted apart, with the 1-year correlation at -0.16 versus 0.19 over 3 years. Stretching to 5 years gives 0.33, with an annualized covariance of 234.3 %².
Out of 13 assets tracked against ONT, QQQ lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with QQQ ahead by 71.9 points (-45.6% versus +26.3%). Note the risk asymmetry: ONT runs 3.2 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.
ONT vs QQQ: side by side
| ONT (Onterris, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -45.6% | +26.3% |
| 5-year return | -66.3% | +95.4% |
| Volatility (ann.) | 63.4% | 19.6% |
| Beta vs S&P 500 | 1.17 | 1.28 |
| Max drawdown (3Y) | -78.4% | -22.8% |
| Market cap | $0.6B | – |
| 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 | ONT | QQQ |
|---|---|---|
| 2022 | -37.0% | -32.6% |
| 2023 | -27.6% | +54.9% |
| 2024 | -42.3% | +25.6% |
| 2025 | +33.9% | +20.8% |
| 2026 | -34.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONT and QQQ good diversifiers for each other?
Yes. With a correlation of 0.19, ONT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ONT and QQQ?
The ONT/QQQ correlation stands at 0.19 on a 3-year window (1 year: -0.16, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ONT?
Yes. With a correlation of 0.19, ONT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.19 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/ont-vs-qqq.json
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Related comparisons
Hubs: ONT correlations · QQQ correlations
