OUT vs QQQ: Correlation
Measured on weekly returns over the past three years, OUTFRONT Media Inc. (OUT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OUT and QQQ?
Over the past 3 years, OUT and QQQ moved with a correlation of 0.35, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.10 versus 0.35 over 3 years. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 251.3 %².
Out of 15 assets tracked against OUT, QQQ lands near the bottom at #12. The last year tells two different stories: OUT led by 40.5 percentage points, +66.8% for OUT against +26.3% for QQQ. One caveat on sizing: OUT is 1.9 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.
OUT vs QQQ: side by side
| OUT (OUTFRONT Media Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +66.8% | +26.3% |
| 5-year return | +65.9% | +95.4% |
| Volatility (ann.) | 37.2% | 19.6% |
| Beta vs S&P 500 | 1.22 | 1.28 |
| Max drawdown (3Y) | -32.0% | -22.8% |
| Market cap | $5.3B | – |
| P/E (trailing) | 21.9 | – |
| Dividend yield | 3.92% | 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 | OUT | QQQ |
|---|---|---|
| 2022 | -34.4% | -32.6% |
| 2023 | -8.0% | +54.9% |
| 2024 | +40.6% | +25.6% |
| 2025 | +41.5% | +20.8% |
| 2026 | +27.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OUT and QQQ good diversifiers for each other?
Reasonably. At 0.35, OUT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OUT and QQQ?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.10 over the last year and 0.49 over 5 years.
Is QQQ a good diversifier for OUT?
Reasonably. At 0.35, OUT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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/out-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/out-vs-qqq/)
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Related comparisons
Hubs: OUT correlations · QQQ correlations
