ORKA vs QQQ: Correlation
Oruka Therapeutics, Inc. (ORKA) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORKA and QQQ?
Over the past 3 years, ORKA and QQQ moved with a correlation of 0.09, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.00) sits close to the 3-year figure. Over 5 years the correlation is 0.11, and the annualized covariance of weekly returns is 146.7 %².
Among the 11 assets we track against ORKA, QQQ sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with ORKA ahead by 509.7 points (+536.0% versus +26.3%). One caveat on sizing: ORKA is 4.1 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.
ORKA vs QQQ: side by side
| ORKA (Oruka Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +536.0% | +26.3% |
| 5-year return | +390.4% | +95.4% |
| Volatility (ann.) | 80.7% | 19.6% |
| Beta vs S&P 500 | 0.66 | 1.28 |
| Max drawdown (3Y) | -77.8% | -22.8% |
| Market cap | $6.4B | – |
| 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 | ORKA | QQQ |
|---|---|---|
| 2022 | +10.2% | -32.6% |
| 2023 | -28.3% | +54.9% |
| 2024 | +76.7% | +25.6% |
| 2025 | +56.3% | +20.8% |
| 2026 | +218.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORKA and QQQ good diversifiers for each other?
Yes. With a correlation of 0.09, ORKA and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ORKA and QQQ?
Using weekly returns as of 2026-08-27: 0.09 over 3 years, with 0.00 over the last year and 0.11 over 5 years.
Is QQQ a good diversifier for ORKA?
Yes. With a correlation of 0.09, ORKA and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.09 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/orka-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/orka-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ORKA correlations · QQQ correlations
