DAC vs QQQ: Correlation
Measured on weekly returns over the past three years, Danaos Corporation (DAC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAC and QQQ?
Over the past 3 years, DAC and QQQ moved with a correlation of 0.31, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.20 versus 0.31 over 3 years. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 154.1 %².
QQQ is close to the least connected end of DAC's tracked universe, ranking #12 of 15. Their recent paths diverged sharply: over the last 12 months DAC outperformed by 41.7 percentage points (+68.0% for DAC against +26.3% for QQQ).
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.
DAC vs QQQ: side by side
| DAC (Danaos Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +68.0% | +26.3% |
| 5-year return | +112.7% | +95.4% |
| Volatility (ann.) | 25.3% | 19.6% |
| Beta vs S&P 500 | 0.58 | 1.28 |
| Max drawdown (3Y) | -28.9% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 5.0 | – |
| Dividend yield | 2.44% | 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 | DAC | QQQ |
|---|---|---|
| 2022 | -26.6% | -32.6% |
| 2023 | +47.5% | +54.9% |
| 2024 | +12.4% | +25.6% |
| 2025 | +20.0% | +20.8% |
| 2026 | +64.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAC and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DAC and QQQ?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.20 over the last year and 0.30 over 5 years.
Is QQQ a good diversifier for DAC?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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/dac-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dac-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DAC correlations · QQQ correlations
