D vs QQQ: Correlation
Dominion Energy (D) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.01.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are D and QQQ?
On 3 years of weekly data the D/QQQ correlation comes out at -0.01, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.15 versus -0.01 over 3 years. The 5-year figure is 0.12, and annualized covariance runs at -4.7 %².
Among the 31 assets we track against D, QQQ ranks #21 by 3-year correlation. On 12-month performance QQQ holds a 11.2-point edge, +15.1% against +26.3%. This link changes with the market regime, having swung between -0.33 and 0.37 on a rolling one-year basis.
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.
D vs QQQ: side by side
| D (Dominion Energy) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +15.1% | +26.3% |
| 5-year return | +6.1% | +95.4% |
| Volatility (ann.) | 20.5% | 19.6% |
| Beta vs S&P 500 | 0.18 | 1.28 |
| Max drawdown (3Y) | -19.1% | -22.8% |
| Market cap | $58.5B | – |
| P/E (trailing) | 23.2 | – |
| Dividend yield | 3.99% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Utilities | 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 | D | QQQ |
|---|---|---|
| 2022 | -19.1% | -32.6% |
| 2023 | -19.1% | +54.9% |
| 2024 | +20.4% | +25.6% |
| 2025 | +14.0% | +20.8% |
| 2026 | +15.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are D and QQQ good diversifiers for each other?
Yes: at -0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between D and QQQ?
As of 2026-08-27, the correlation of weekly returns between D and QQQ is -0.01 over 3 years, -0.15 over 1 year and 0.12 over 5 years.
Is QQQ a good diversifier for D?
Yes: at -0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.01 mean?
On the −1 to +1 scale, -0.01 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
$ curl https://www.pairbook.io/api/v1/pairs/d-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/d-vs-qqq/)
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Related comparisons
Hubs: D correlations · QQQ correlations
