OSCR vs QQQ: Correlation
Oscar Health, Inc. (OSCR) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OSCR and QQQ?
Over the past 3 years, OSCR and QQQ moved with a correlation of 0.23, which is weak. The link has tightened recently: the 1-year correlation (0.40) runs above the 3-year figure (0.23). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 360.5 %².
Out of 10 assets tracked against OSCR, QQQ lands near the bottom at #6. Their recent paths diverged sharply: over the last 12 months OSCR outperformed by 50.3 percentage points (+76.6% for OSCR against +26.3% for QQQ). Risk is not evenly split, since OSCR carries 4.1 times the volatility of the other side.
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.
OSCR vs QQQ: side by side
| OSCR (Oscar Health, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +76.6% | +26.3% |
| 5-year return | +96.9% | +95.4% |
| Volatility (ann.) | 80.0% | 19.6% |
| Beta vs S&P 500 | 1.29 | 1.28 |
| Max drawdown (3Y) | -53.4% | -22.8% |
| Market cap | $9.3B | – |
| P/E (trailing) | 24.0 | – |
| 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 | OSCR | QQQ |
|---|---|---|
| 2022 | -68.7% | -32.6% |
| 2023 | +272.0% | +54.9% |
| 2024 | +46.9% | +25.6% |
| 2025 | +6.9% | +20.8% |
| 2026 | +109.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OSCR and QQQ good diversifiers for each other?
Reasonably. At 0.23, OSCR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OSCR and QQQ?
The OSCR/QQQ correlation stands at 0.23 on a 3-year window (1 year: 0.40, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for OSCR?
Reasonably. At 0.23, OSCR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.23 mean?
A reading of 0.23 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/oscr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/oscr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OSCR correlations · QQQ correlations
