DAN vs QQQ: Correlation
Dana Incorporated (DAN) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAN and QQQ?
On 3 years of weekly data the DAN/QQQ correlation comes out at 0.31, moderate. The past 12 months show a weaker link (0.10) than the 3-year average (0.31). The 5-year figure is 0.41, and annualized covariance runs at 267.9 %².
Among the 10 assets we track against DAN, QQQ sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months DAN outperformed by 22.6 percentage points (+48.9% for DAN against +26.3% for QQQ). One caveat on sizing: DAN is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DAN vs QQQ: side by side
| DAN (Dana Incorporated) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +48.9% | +26.3% |
| 5-year return | +45.6% | +95.4% |
| Volatility (ann.) | 44.7% | 19.6% |
| Beta vs S&P 500 | 1.11 | 1.28 |
| Max drawdown (3Y) | -51.8% | -22.8% |
| Market cap | $3.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.46% | 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 | DAN | QQQ |
|---|---|---|
| 2022 | -32.1% | -32.6% |
| 2023 | -0.7% | +54.9% |
| 2024 | -17.9% | +25.6% |
| 2025 | +110.5% | +20.8% |
| 2026 | +28.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAN and QQQ good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DAN and QQQ?
The DAN/QQQ correlation stands at 0.31 on a 3-year window (1 year: 0.10, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DAN?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/dan-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dan-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DAN correlations · QQQ correlations
