ORBS vs QQQ: Correlation
Eightco Holdings Inc. (ORBS) 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 ORBS and QQQ?
Over the past 3 years, ORBS and QQQ moved with a correlation of 0.08, which is near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.08 over 1 year against 0.08 over 3. Over 5 years the correlation is 0.08, and the annualized covariance of weekly returns is 931.1 %².
Among the 28 assets we track against ORBS, QQQ ranks #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 71.2 percentage points (-44.9% for ORBS against +26.3% for QQQ). One caveat on sizing: ORBS is 29.4 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.
ORBS vs QQQ: side by side
| ORBS (Eightco Holdings Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -44.9% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 575.8% | 19.6% |
| Beta vs S&P 500 | 3.91 | 1.28 |
| Max drawdown (3Y) | -98.7% | -22.8% |
| Market cap | $0.3B | – |
| 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 | ORBS | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -94.6% | +54.9% |
| 2024 | -14.8% | +25.6% |
| 2025 | -21.0% | +20.8% |
| 2026 | -52.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORBS and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
FAQ
What is the correlation between ORBS and QQQ?
As of 2026-08-27, the correlation of weekly returns between ORBS and QQQ is 0.08 over 3 years, 0.08 over 1 year and 0.08 over 5 years.
Is QQQ a good diversifier for ORBS?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
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
$ curl https://www.pairbook.io/api/v1/pairs/orbs-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/orbs-vs-qqq/)
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Related comparisons
Hubs: ORBS correlations · QQQ correlations
