ORCL vs QQQM: Correlation
Oracle Corporation (ORCL) and Invesco Nasdaq 100 ETF (QQQM) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORCL and QQQM?
Over the past 3 years, ORCL and QQQM moved with a correlation of 0.54, which is moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.54 over 3. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 520.1 %².
By 3-year correlation, QQQM places #8 of the 30 assets tracked against ORCL. Their recent paths diverged sharply: over the last 12 months QQQM outperformed by 61.2 percentage points (-34.8% for ORCL against +26.4% for QQQM). Across three years, the rolling one-year figure varied moderately, from 0.43 to 0.73. One caveat on sizing: ORCL is 2.6 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.
ORCL vs QQQM: side by side
| ORCL (Oracle Corporation) | QQQM (Invesco Nasdaq 100 ETF) | |
|---|---|---|
| 1-year return | -34.8% | +26.4% |
| 5-year return | +81.7% | +96.1% |
| Volatility (ann.) | 49.9% | 19.5% |
| Beta vs S&P 500 | 1.71 | 1.28 |
| Max drawdown (3Y) | -64.6% | -22.7% |
| Market cap | $437.7B | – |
| P/E (trailing) | 25.5 | – |
| Dividend yield | 1.34% | 0.46% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $97.1B |
| Sector / category | Information Technology | ETF · US Growth & Tech |
QQQM is a Large Growth fund from Invesco: $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% trailing dividend yield.
Year-by-year returns
| Year | ORCL | QQQM |
|---|---|---|
| 2022 | -4.6% | -32.5% |
| 2023 | +30.9% | +55.0% |
| 2024 | +60.0% | +25.7% |
| 2025 | +18.1% | +20.9% |
| 2026 | -21.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORCL and QQQM good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ORCL and QQQM?
As of 2026-08-27, the correlation of weekly returns between ORCL and QQQM is 0.54 over 3 years, 0.57 over 1 year and 0.52 over 5 years.
Is QQQM a good diversifier for ORCL?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ORCL correlations · QQQM correlations
