OPTU vs QQQ: Correlation
Measured on weekly returns over the past three years, Optimum Communications, Inc. (OPTU) and Invesco QQQ Trust (QQQ) carry a correlation of -0.01, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPTU and QQQ?
Across a 3-year window, the weekly returns of OPTU and QQQ correlate at -0.01, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.17) than the 3-year average (-0.01). Stretching to 5 years gives 0.16, with an annualized covariance of -19.3 %².
QQQ is close to the least connected end of OPTU's tracked universe, ranking #7 of 11. Correlation aside, the last 12 months split them widely, with QQQ ahead by 84.2 points (-57.9% versus +26.3%). Note the risk asymmetry: OPTU runs 4.7 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.
OPTU vs QQQ: side by side
| OPTU (Optimum Communications, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -57.9% | +26.3% |
| 5-year return | -96.3% | +95.4% |
| Volatility (ann.) | 91.7% | 19.6% |
| Beta vs S&P 500 | 0.14 | 1.28 |
| Max drawdown (3Y) | -82.5% | -22.8% |
| Market cap | $0.4B | – |
| 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 | OPTU | QQQ |
|---|---|---|
| 2022 | -71.6% | -32.6% |
| 2023 | -29.3% | +54.9% |
| 2024 | -25.8% | +25.6% |
| 2025 | -31.5% | +20.8% |
| 2026 | -38.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPTU and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.01 means the two rarely move for the same reasons.
FAQ
What is the correlation between OPTU and QQQ?
The OPTU/QQQ correlation stands at -0.01 on a 3-year window (1 year: -0.17, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for OPTU?
By historical standards, yes. A correlation of -0.01 means the two rarely move for the same reasons.
What does a correlation of -0.01 mean?
A reading of -0.01 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: OPTU correlations · QQQ correlations
