DBD vs QQQ: Correlation
Measured on weekly returns over the past three years, Diebold Nixdorf Incorporated (DBD) and Invesco QQQ Trust (QQQ) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBD and QQQ?
Across a 3-year window, the weekly returns of DBD and QQQ correlate at 0.35, moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.35). Stretching to 5 years gives n/a, with an annualized covariance of 265.1 %².
QQQ is close to the least connected end of DBD's tracked universe, ranking #9 of 12. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 18.9 percentage points (+7.4% for DBD against +26.3% for QQQ). Risk is not evenly split, since DBD carries 2.0 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.
DBD vs QQQ: side by side
| DBD (Diebold Nixdorf Incorporated) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +7.4% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 38.5% | 19.6% |
| Beta vs S&P 500 | 1.07 | 1.28 |
| Max drawdown (3Y) | -25.8% | -22.8% |
| Market cap | $2.3B | – |
| P/E (trailing) | 22.4 | – |
| 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 | DBD | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | +48.7% | +25.6% |
| 2025 | +57.7% | +20.8% |
| 2026 | -0.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBD and QQQ good diversifiers for each other?
Reasonably. At 0.35, DBD and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DBD and QQQ?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.18 over the last year and n/a over 5 years.
Is QQQ a good diversifier for DBD?
Reasonably. At 0.35, DBD and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/dbd-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dbd-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DBD correlations · QQQ correlations
