OXM vs QQQ: Correlation
Measured on weekly returns over the past three years, Oxford Industries, Inc. (OXM) and Invesco QQQ Trust (QQQ) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OXM and QQQ?
On 3 years of weekly data the OXM/QQQ correlation comes out at 0.24, weak. Recent behaviour matches the longer record: 0.28 over 1 year against 0.24 over 3. The 5-year figure is 0.33, and annualized covariance runs at 221.2 %².
By 3-year correlation, QQQ places #8 of the 13 assets tracked against OXM. Correlation aside, the last 12 months split them widely, with QQQ ahead by 35.5 points (-9.2% versus +26.3%). Note the risk asymmetry: OXM runs 2.4 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.
OXM vs QQQ: side by side
| OXM (Oxford Industries, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -9.2% | +26.3% |
| 5-year return | -50.3% | +95.4% |
| Volatility (ann.) | 47.0% | 19.6% |
| Beta vs S&P 500 | 1.00 | 1.28 |
| Max drawdown (3Y) | -69.4% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 7.14% | 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 | OXM | QQQ |
|---|---|---|
| 2022 | -6.1% | -32.6% |
| 2023 | +10.0% | +54.9% |
| 2024 | -18.9% | +25.6% |
| 2025 | -54.0% | +20.8% |
| 2026 | +17.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OXM and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between OXM and QQQ?
The OXM/QQQ correlation stands at 0.24 on a 3-year window (1 year: 0.28, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for OXM?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
A reading of 0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: OXM correlations · QQQ correlations
