ORI vs QQQ: Correlation
How closely do Old Republic International Corporation (ORI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.01, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORI and QQQ?
On 3 years of weekly data the ORI/QQQ correlation comes out at 0.01, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.24) than the 3-year average (0.01). The 5-year figure is 0.22, and annualized covariance runs at 3.1 %².
By 3-year correlation, QQQ places #21 of the 26 assets tracked against ORI. On 12-month performance QQQ holds a 11.3-point edge, +15.0% against +26.3%.
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.
ORI vs QQQ: side by side
| ORI (Old Republic International Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +15.0% | +26.3% |
| 5-year return | +137.4% | +95.4% |
| Volatility (ann.) | 21.1% | 19.6% |
| Beta vs S&P 500 | 0.28 | 1.28 |
| Max drawdown (3Y) | -16.2% | -22.8% |
| Market cap | $10.2B | – |
| P/E (trailing) | 9.3 | – |
| Dividend yield | 2.85% | 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 | ORI | QQQ |
|---|---|---|
| 2022 | +6.7% | -32.6% |
| 2023 | +26.3% | +54.9% |
| 2024 | +27.1% | +25.6% |
| 2025 | +37.5% | +20.8% |
| 2026 | -0.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORI and QQQ good diversifiers for each other?
Yes: at 0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ORI and QQQ?
As of 2026-08-27, the correlation of weekly returns between ORI and QQQ is 0.01 over 3 years, -0.24 over 1 year and 0.22 over 5 years.
Is QQQ a good diversifier for ORI?
Yes: at 0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
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
$ curl https://www.pairbook.io/api/v1/pairs/ori-vs-qqq.json
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[](https://www.pairbook.io/pair/ori-vs-qqq/)
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Related comparisons
Hubs: ORI correlations · QQQ correlations
