DAKT vs QQQ: Correlation
Daktronics, Inc. (DAKT) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAKT and QQQ?
Across a 3-year window, the weekly returns of DAKT and QQQ correlate at 0.33, moderate. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. Stretching to 5 years gives 0.33, with an annualized covariance of 335.6 %².
Out of 11 assets tracked against DAKT, QQQ lands near the bottom at #7. The trailing year gives QQQ the advantage: +13.5% versus +26.3%, a 12.8-point spread. Note the risk asymmetry: DAKT runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DAKT vs QQQ: side by side
| DAKT (Daktronics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +13.5% | +26.3% |
| 5-year return | +222.0% | +95.4% |
| Volatility (ann.) | 51.5% | 19.6% |
| Beta vs S&P 500 | 1.28 | 1.28 |
| Max drawdown (3Y) | -42.0% | -22.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | 21.1 | – |
| 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 | DAKT | QQQ |
|---|---|---|
| 2022 | -44.2% | -32.6% |
| 2023 | +200.7% | +54.9% |
| 2024 | +98.8% | +25.6% |
| 2025 | +17.3% | +20.8% |
| 2026 | -0.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAKT and QQQ good diversifiers for each other?
Reasonably. At 0.33, DAKT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DAKT and QQQ?
As of 2026-08-27, the correlation of weekly returns between DAKT and QQQ is 0.33 over 3 years, 0.29 over 1 year and 0.33 over 5 years.
Is QQQ a good diversifier for DAKT?
Reasonably. At 0.33, DAKT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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/dakt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dakt-vs-qqq/)
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Related comparisons
Hubs: DAKT correlations · QQQ correlations
