ORRF vs QQQ: Correlation
How closely do Orrstown Financial Services, Inc. (ORRF) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORRF and QQQ?
Over the past 3 years, ORRF and QQQ moved with a correlation of 0.28, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.03 versus 0.28 over 3 years. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 156.7 %².
QQQ is close to the least connected end of ORRF's tracked universe, ranking #14 of 17. Their 12-month results are close: +24.6% for ORRF against +26.3% for QQQ.
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.
ORRF vs QQQ: side by side
| ORRF (Orrstown Financial Services, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +24.6% | +26.3% |
| 5-year return | +111.1% | +95.4% |
| Volatility (ann.) | 28.5% | 19.6% |
| Beta vs S&P 500 | 0.84 | 1.28 |
| Max drawdown (3Y) | -35.9% | -22.8% |
| Market cap | $0.8B | – |
| P/E (trailing) | 9.5 | – |
| Dividend yield | 2.70% | 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 | ORRF | QQQ |
|---|---|---|
| 2022 | -5.3% | -32.6% |
| 2023 | +32.3% | +54.9% |
| 2024 | +27.7% | +25.6% |
| 2025 | -0.0% | +20.8% |
| 2026 | +21.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORRF and QQQ good diversifiers for each other?
Reasonably. At 0.28, ORRF and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ORRF and QQQ?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.03 over the last year and 0.27 over 5 years.
Is QQQ a good diversifier for ORRF?
Reasonably. At 0.28, ORRF and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 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/orrf-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/orrf-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ORRF correlations · QQQ correlations
