OPAD vs QQQ: Correlation
Offerpad Solutions Inc. (OPAD) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.08.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPAD and QQQ?
Over the past 3 years, OPAD and QQQ moved with a correlation of -0.08, which is near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.21) than the 3-year average (-0.08). Over 5 years the correlation is 0.02, and the annualized covariance of weekly returns is -718.1 %².
Among the 24 assets we track against OPAD, QQQ ranks #13 by 3-year correlation. The trailing year gives OPAD the advantage: +33.3% versus +26.3%, a 7.0-point spread. One caveat on sizing: OPAD is 22.5 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.
OPAD vs QQQ: side by side
| OPAD (Offerpad Solutions Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +33.3% | +26.3% |
| 5-year return | -96.7% | +95.4% |
| Volatility (ann.) | 440.7% | 19.6% |
| Beta vs S&P 500 | -1.25 | 1.28 |
| Max drawdown (3Y) | -95.6% | -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 | OPAD | QQQ |
|---|---|---|
| 2022 | -92.8% | -32.6% |
| 2023 | +48.2% | +54.9% |
| 2024 | -72.2% | +25.6% |
| 2025 | -57.5% | +20.8% |
| 2026 | +270.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPAD and QQQ good diversifiers for each other?
Yes: at -0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between OPAD and QQQ?
As of 2026-08-27, the correlation of weekly returns between OPAD and QQQ is -0.08 over 3 years, -0.21 over 1 year and 0.02 over 5 years.
Is QQQ a good diversifier for OPAD?
Yes: at -0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.08 mean?
On the −1 to +1 scale, -0.08 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
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Related comparisons
Hubs: OPAD correlations · QQQ correlations
