BOOM vs QQQ: Correlation
How closely do DMC Global Inc. (BOOM) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOOM and QQQ?
Over the past 3 years, BOOM and QQQ moved with a correlation of 0.22, which is weak. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 264.0 %².
QQQ is close to the least connected end of BOOM's tracked universe, ranking #7 of 10. The last year tells two different stories: QQQ led by 19.6 percentage points, +6.7% for BOOM against +26.3% for QQQ. Risk is not evenly split, since BOOM carries 3.1 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.
BOOM vs QQQ: side by side
| BOOM (DMC Global Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +6.7% | +26.3% |
| 5-year return | -82.6% | +95.4% |
| Volatility (ann.) | 60.2% | 19.6% |
| Beta vs S&P 500 | 1.12 | 1.28 |
| Max drawdown (3Y) | -82.3% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| 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 | BOOM | QQQ |
|---|---|---|
| 2022 | -50.9% | -32.6% |
| 2023 | -3.2% | +54.9% |
| 2024 | -60.9% | +25.6% |
| 2025 | -9.0% | +20.8% |
| 2026 | +4.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOOM and QQQ good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BOOM and QQQ?
The BOOM/QQQ correlation stands at 0.22 on a 3-year window (1 year: 0.32, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BOOM?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/boom-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/boom-vs-qqq/)
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Related comparisons
Hubs: BOOM correlations · QQQ correlations
