DBGI vs QQQ: Correlation
How closely do Digital Brands Group, Inc. (DBGI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.05, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBGI and QQQ?
Over the past 3 years, DBGI and QQQ moved with a correlation of -0.05, which is near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.11 over 1 year against -0.05 over 3. Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -1088.0 %².
Among the 28 assets we track against DBGI, QQQ ranks #12 by 3-year correlation. The last year tells two different stories: QQQ led by 55.5 percentage points, -29.2% for DBGI against +26.3% for QQQ. Risk is not evenly split, since DBGI carries 57.5 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.
DBGI vs QQQ: side by side
| DBGI (Digital Brands Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -29.2% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 1127.2% | 19.6% |
| Beta vs S&P 500 | -1.93 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| 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 | DBGI | QQQ |
|---|---|---|
| 2022 | -98.2% | -32.6% |
| 2023 | -96.9% | +54.9% |
| 2024 | -98.9% | +25.6% |
| 2025 | +610.8% | +20.8% |
| 2026 | -43.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBGI and QQQ good diversifiers for each other?
Yes. With a correlation of -0.05, DBGI and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DBGI and QQQ?
The DBGI/QQQ correlation stands at -0.05 on a 3-year window (1 year: -0.11, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DBGI?
Yes. With a correlation of -0.05, DBGI and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.05 mean?
On the −1 to +1 scale, -0.05 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.
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Related comparisons
Hubs: DBGI correlations · QQQ correlations
