OSUR vs QQQ: Correlation
OraSure Technologies, Inc. (OSUR) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OSUR and QQQ?
On 3 years of weekly data the OSUR/QQQ correlation comes out at 0.29, weak. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. The 5-year figure is 0.24, and annualized covariance runs at 229.0 %².
QQQ is close to the least connected end of OSUR's tracked universe, ranking #7 of 11. Correlation aside, the last 12 months split them widely, with QQQ ahead by 15.8 points (+10.5% versus +26.3%). Note the risk asymmetry: OSUR runs 2.1 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.
OSUR vs QQQ: side by side
| OSUR (OraSure Technologies, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +10.5% | +26.3% |
| 5-year return | -66.1% | +95.4% |
| Volatility (ann.) | 40.8% | 19.6% |
| Beta vs S&P 500 | 0.83 | 1.28 |
| Max drawdown (3Y) | -74.7% | -22.8% |
| Market cap | $0.3B | – |
| 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 | OSUR | QQQ |
|---|---|---|
| 2022 | -44.5% | -32.6% |
| 2023 | +70.1% | +54.9% |
| 2024 | -56.0% | +25.6% |
| 2025 | -33.0% | +20.8% |
| 2026 | +52.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OSUR and QQQ good diversifiers for each other?
Reasonably. At 0.29, OSUR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OSUR and QQQ?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.32 over the last year and 0.24 over 5 years.
Is QQQ a good diversifier for OSUR?
Reasonably. At 0.29, OSUR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 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/osur-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/osur-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OSUR correlations · QQQ correlations
