OPXS vs QQQ: Correlation
Measured on weekly returns over the past three years, Optex Systems Holdings, Inc. (OPXS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.14, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPXS and QQQ?
Over the past 3 years, OPXS and QQQ moved with a correlation of 0.14, which is weak. The relationship has been stable: the 1-year correlation (0.08) sits close to the 3-year figure. Over 5 years the correlation is 0.10, and the annualized covariance of weekly returns is 167.4 %².
Out of 11 assets tracked against OPXS, QQQ lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with QQQ ahead by 30.6 points (-4.3% versus +26.3%). One caveat on sizing: OPXS is 3.1 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.
OPXS vs QQQ: side by side
| OPXS (Optex Systems Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -4.3% | +26.3% |
| 5-year return | +540.0% | +95.4% |
| Volatility (ann.) | 59.8% | 19.6% |
| Beta vs S&P 500 | 0.67 | 1.28 |
| Max drawdown (3Y) | -45.7% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 19.0 | – |
| 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 | OPXS | QQQ |
|---|---|---|
| 2022 | +57.8% | -32.6% |
| 2023 | +122.2% | +54.9% |
| 2024 | +4.7% | +25.6% |
| 2025 | +106.7% | +20.8% |
| 2026 | -27.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPXS and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
FAQ
What is the correlation between OPXS and QQQ?
The OPXS/QQQ correlation stands at 0.14 on a 3-year window (1 year: 0.08, 5 years: 0.10), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for OPXS?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
What does a correlation of 0.14 mean?
A reading of 0.14 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: OPXS correlations · QQQ correlations
