OZK vs QQQ: Correlation
Measured on weekly returns over the past three years, Bank OZK (OZK) and Invesco QQQ Trust (QQQ) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OZK and QQQ?
Across a 3-year window, the weekly returns of OZK and QQQ correlate at 0.30, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.04 versus 0.30 over 3 years. Stretching to 5 years gives 0.36, with an annualized covariance of 191.6 %².
Out of 13 assets tracked against OZK, QQQ lands near the bottom at #10. The last year tells two different stories: QQQ led by 29.7 percentage points, -3.4% for OZK against +26.3% for QQQ. Risk is not evenly split, since OZK carries 1.7 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.
OZK vs QQQ: side by side
| OZK (Bank OZK) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -3.4% | +26.3% |
| 5-year return | +40.0% | +95.4% |
| Volatility (ann.) | 32.8% | 19.6% |
| Beta vs S&P 500 | 0.99 | 1.28 |
| Max drawdown (3Y) | -29.2% | -22.8% |
| Market cap | $5.4B | – |
| P/E (trailing) | 8.2 | – |
| Dividend yield | 3.68% | 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 | OZK | QQQ |
|---|---|---|
| 2022 | -11.2% | -32.6% |
| 2023 | +29.1% | +54.9% |
| 2024 | -7.4% | +25.6% |
| 2025 | +7.4% | +20.8% |
| 2026 | +10.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OZK and QQQ good diversifiers for each other?
Reasonably. At 0.30, OZK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OZK and QQQ?
The OZK/QQQ correlation stands at 0.30 on a 3-year window (1 year: 0.04, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for OZK?
Reasonably. At 0.30, OZK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 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/ozk-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ozk-vs-qqq/)
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Related comparisons
Hubs: OZK correlations · QQQ correlations
