DASH vs QQQ: Correlation
DoorDash (DASH) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DASH and QQQ?
Across a 3-year window, the weekly returns of DASH and QQQ correlate at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 458.7 %².
Within DASH's tracked universe of 36 assets, QQQ comes in at #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 31.9 points (-5.6% versus +26.3%). The rolling one-year correlation moved between 0.36 and 0.75 over the past three years, a moderate range. Risk is not evenly split, since DASH carries 2.2 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.
DASH vs QQQ: side by side
| DASH (DoorDash) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -5.6% | +26.3% |
| 5-year return | +20.3% | +95.4% |
| Volatility (ann.) | 44.1% | 19.6% |
| Beta vs S&P 500 | 1.73 | 1.28 |
| Max drawdown (3Y) | -48.0% | -22.8% |
| Market cap | $101.0B | – |
| P/E (trailing) | 123.3 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Discretionary | 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 | DASH | QQQ |
|---|---|---|
| 2022 | -67.2% | -32.6% |
| 2023 | +102.6% | +54.9% |
| 2024 | +69.6% | +25.6% |
| 2025 | +35.0% | +20.8% |
| 2026 | +2.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that QQQ holds DASH at a 0.43% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are DASH and QQQ good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DASH and QQQ?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.46 over the last year and 0.59 over 5 years.
Is QQQ a good diversifier for DASH?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dash-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dash-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DASH correlations · QQQ correlations
