OTLK vs QQQ: Correlation
How closely do Outlook Therapeutics, Inc. (OTLK) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OTLK and QQQ?
Across a 3-year window, the weekly returns of OTLK and QQQ correlate at 0.12, weak. The link has tightened recently: the 1-year correlation (0.25) runs above the 3-year figure (0.12). Stretching to 5 years gives 0.13, with an annualized covariance of 337.4 %².
Out of 10 assets tracked against OTLK, QQQ lands near the bottom at #6. The last year tells two different stories: QQQ led by 99.3 percentage points, -73.0% for OTLK against +26.3% for QQQ. Risk is not evenly split, since OTLK carries 7.3 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.
OTLK vs QQQ: side by side
| OTLK (Outlook Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -73.0% | +26.3% |
| 5-year return | -98.8% | +95.4% |
| Volatility (ann.) | 143.2% | 19.6% |
| Beta vs S&P 500 | 0.95 | 1.28 |
| Max drawdown (3Y) | -99.3% | -22.8% |
| Market cap | $0.2B | – |
| 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 | OTLK | QQQ |
|---|---|---|
| 2022 | -20.6% | -32.6% |
| 2023 | -63.5% | +54.9% |
| 2024 | -76.0% | +25.6% |
| 2025 | -16.4% | +20.8% |
| 2026 | -59.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OTLK and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
FAQ
What is the correlation between OTLK and QQQ?
As of 2026-08-27, the correlation of weekly returns between OTLK and QQQ is 0.12 over 3 years, 0.25 over 1 year and 0.13 over 5 years.
Is QQQ a good diversifier for OTLK?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
What does a correlation of 0.12 mean?
On the −1 to +1 scale, 0.12 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: OTLK correlations · QQQ correlations
