QGEN vs USO: Correlation
Measured on weekly returns over the past three years, Qiagen N.V. (QGEN) and United States Oil Fund (USO) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QGEN and USO?
On 3 years of weekly data the QGEN/USO correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.36) runs below the 3-year figure (-0.24). The 5-year figure is -0.19, and annualized covariance runs at -263.1 %².
USO is close to the least connected end of QGEN's tracked universe, ranking #9 of 11. Correlation aside, the last 12 months split them widely, with USO ahead by 82.1 points (-8.0% versus +74.1%).
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.
QGEN vs USO: side by side
| QGEN (Qiagen N.V.) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | -8.0% | +74.1% |
| 5-year return | -20.9% | +168.6% |
| Volatility (ann.) | 27.8% | 39.4% |
| Beta vs S&P 500 | 0.66 | -0.20 |
| Max drawdown (3Y) | -41.4% | -32.5% |
| Market cap | $9.0B | – |
| P/E (trailing) | 22.2 | – |
| Dividend yield | 0.84% | – |
| Sector / category | US Listed | ETF · Commodities |
Year-by-year returns
| Year | QGEN | USO |
|---|---|---|
| 2022 | -10.3% | +29.0% |
| 2023 | -12.9% | -4.9% |
| 2024 | +2.4% | +13.4% |
| 2025 | +1.5% | -8.5% |
| 2026 | -1.9% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QGEN and USO good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QGEN and USO?
As of 2026-08-27, the correlation of weekly returns between QGEN and USO is -0.24 over 3 years, -0.36 over 1 year and -0.19 over 5 years.
Is USO a good diversifier for QGEN?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qgen-vs-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qgen-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QGEN correlations · USO correlations
