OPCH vs QQQ: Correlation
How closely do Option Care Health, Inc. (OPCH) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.11, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPCH and QQQ?
Across a 3-year window, the weekly returns of OPCH and QQQ correlate at 0.11, weak. Little has changed lately, as the 1-year reading of 0.05 lands near the 3-year figure. Stretching to 5 years gives 0.23, with an annualized covariance of 83.2 %².
By 3-year correlation, QQQ places #9 of the 15 assets tracked against OPCH. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 42.4 percentage points (-16.1% for OPCH against +26.3% for QQQ). Risk is not evenly split, since OPCH carries 1.9 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.
OPCH vs QQQ: side by side
| OPCH (Option Care Health, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -16.1% | +26.3% |
| 5-year return | -8.7% | +95.4% |
| Volatility (ann.) | 37.1% | 19.6% |
| Beta vs S&P 500 | 0.56 | 1.28 |
| Max drawdown (3Y) | -46.7% | -22.8% |
| Market cap | $3.6B | – |
| P/E (trailing) | 18.2 | – |
| 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 | OPCH | QQQ |
|---|---|---|
| 2022 | +5.8% | -32.6% |
| 2023 | +12.0% | +54.9% |
| 2024 | -31.1% | +25.6% |
| 2025 | +37.3% | +20.8% |
| 2026 | -24.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPCH and QQQ good diversifiers for each other?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between OPCH and QQQ?
Using weekly returns as of 2026-08-27: 0.11 over 3 years, with 0.05 over the last year and 0.23 over 5 years.
Is QQQ a good diversifier for OPCH?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.11 mean?
On the −1 to +1 scale, 0.11 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/opch-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/opch-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OPCH correlations · QQQ correlations
