OXBR vs QQQ: Correlation
Measured on weekly returns over the past three years, Oxbridge Re Holdings Limited (OXBR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.20, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OXBR and QQQ?
Across a 3-year window, the weekly returns of OXBR and QQQ correlate at 0.20, weak. Little has changed lately, as the 1-year reading of 0.17 lands near the 3-year figure. Stretching to 5 years gives 0.21, with an annualized covariance of 341.1 %².
Out of 11 assets tracked against OXBR, QQQ lands near the bottom at #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 66.7 percentage points (-40.4% for OXBR against +26.3% for QQQ). One caveat on sizing: OXBR is 4.5 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.
OXBR vs QQQ: side by side
| OXBR (Oxbridge Re Holdings Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -40.4% | +26.3% |
| 5-year return | -58.6% | +95.4% |
| Volatility (ann.) | 88.3% | 19.6% |
| Beta vs S&P 500 | 1.20 | 1.28 |
| Max drawdown (3Y) | -87.5% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 63.5 | – |
| 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 | OXBR | QQQ |
|---|---|---|
| 2022 | -78.6% | -32.6% |
| 2023 | -8.3% | +54.9% |
| 2024 | +274.6% | +25.6% |
| 2025 | -68.0% | +20.8% |
| 2026 | -3.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OXBR and QQQ good diversifiers for each other?
Reasonably. At 0.20, OXBR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OXBR and QQQ?
The OXBR/QQQ correlation stands at 0.20 on a 3-year window (1 year: 0.17, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for OXBR?
Reasonably. At 0.20, OXBR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.20 mean?
On the −1 to +1 scale, 0.20 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: OXBR correlations · QQQ correlations
