OSPN vs QQQ: Correlation
How closely do OneSpan Inc. (OSPN) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OSPN and QQQ?
On 3 years of weekly data the OSPN/QQQ correlation comes out at 0.38, moderate. The past 12 months show a weaker link (0.24) than the 3-year average (0.38). The 5-year figure is 0.43, and annualized covariance runs at 319.9 %².
By 3-year correlation, QQQ places #14 of the 19 assets tracked against OSPN. The trailing year gives QQQ the advantage: +15.6% versus +26.3%, a 10.7-point spread. One caveat on sizing: OSPN is 2.2 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.
OSPN vs QQQ: side by side
| OSPN (OneSpan Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +15.6% | +26.3% |
| 5-year return | -8.3% | +95.4% |
| Volatility (ann.) | 43.6% | 19.6% |
| Beta vs S&P 500 | 1.28 | 1.28 |
| Max drawdown (3Y) | -47.9% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | 9.3 | – |
| Dividend yield | 3.32% | 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 | OSPN | QQQ |
|---|---|---|
| 2022 | -33.9% | -32.6% |
| 2023 | -4.2% | +54.9% |
| 2024 | +72.9% | +25.6% |
| 2025 | -28.5% | +20.8% |
| 2026 | +32.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OSPN and QQQ good diversifiers for each other?
Reasonably. At 0.38, OSPN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OSPN and QQQ?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.24 over the last year and 0.43 over 5 years.
Is QQQ a good diversifier for OSPN?
Reasonably. At 0.38, OSPN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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/ospn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ospn-vs-qqq/)
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Related comparisons
Hubs: OSPN correlations · QQQ correlations
