ORIC vs QQQ: Correlation
Measured on weekly returns over the past three years, Oric Pharmaceuticals, Inc. (ORIC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.16, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORIC and QQQ?
Across a 3-year window, the weekly returns of ORIC and QQQ correlate at 0.16, weak. Lately the two have drifted apart, with the 1-year correlation at 0.03 versus 0.16 over 3 years. Stretching to 5 years gives 0.17, with an annualized covariance of 264.4 %².
QQQ is close to the least connected end of ORIC's tracked universe, ranking #8 of 11. Over the last 12 months ORIC came out ahead by 7.6 percentage points (+33.9% against +26.3%). Note the risk asymmetry: ORIC runs 4.2 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.
ORIC vs QQQ: side by side
| ORIC (Oric Pharmaceuticals, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +33.9% | +26.3% |
| 5-year return | -38.1% | +95.4% |
| Volatility (ann.) | 82.6% | 19.6% |
| Beta vs S&P 500 | 1.30 | 1.28 |
| Max drawdown (3Y) | -73.5% | -22.8% |
| Market cap | $1.4B | – |
| 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 | ORIC | QQQ |
|---|---|---|
| 2022 | -59.9% | -32.6% |
| 2023 | +56.2% | +54.9% |
| 2024 | -12.3% | +25.6% |
| 2025 | +1.4% | +20.8% |
| 2026 | +68.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORIC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between ORIC and QQQ?
Using weekly returns as of 2026-08-27: 0.16 over 3 years, with 0.03 over the last year and 0.17 over 5 years.
Is QQQ a good diversifier for ORIC?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
What does a correlation of 0.16 mean?
On the −1 to +1 scale, 0.16 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/oric-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/oric-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ORIC correlations · QQQ correlations
