OTTR vs QQQ: Correlation
Measured on weekly returns over the past three years, Otter Tail Corporation (OTTR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OTTR and QQQ?
Across a 3-year window, the weekly returns of OTTR and QQQ correlate at 0.22, weak. Lately the two have drifted apart, with the 1-year correlation at -0.05 versus 0.22 over 3 years. Stretching to 5 years gives 0.28, with an annualized covariance of 112.9 %².
Out of 10 assets tracked against OTTR, QQQ lands near the bottom at #7. The last year tells two different stories: QQQ led by 15.6 percentage points, +10.7% for OTTR 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.
OTTR vs QQQ: side by side
| OTTR (Otter Tail Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +10.7% | +26.3% |
| 5-year return | +88.2% | +95.4% |
| Volatility (ann.) | 26.7% | 19.6% |
| Beta vs S&P 500 | 0.57 | 1.28 |
| Max drawdown (3Y) | -27.1% | -22.8% |
| Market cap | $3.8B | – |
| P/E (trailing) | 19.9 | – |
| Dividend yield | 2.39% | 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 | OTTR | QQQ |
|---|---|---|
| 2022 | -15.6% | -32.6% |
| 2023 | +48.1% | +54.9% |
| 2024 | -11.2% | +25.6% |
| 2025 | +12.3% | +20.8% |
| 2026 | +15.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OTTR and QQQ good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OTTR and QQQ?
As of 2026-08-27, the correlation of weekly returns between OTTR and QQQ is 0.22 over 3 years, -0.05 over 1 year and 0.28 over 5 years.
Is QQQ a good diversifier for OTTR?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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: OTTR correlations · QQQ correlations
