DBRG vs QQQ: Correlation
How closely do DigitalBridge Group, Inc. (DBRG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBRG and QQQ?
On 3 years of weekly data the DBRG/QQQ correlation comes out at 0.34, moderate. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.34). The 5-year figure is 0.46, and annualized covariance runs at 360.9 %².
QQQ is close to the least connected end of DBRG's tracked universe, ranking #11 of 14. Over the last 12 months DBRG came out ahead by 13.6 percentage points (+39.9% against +26.3%). Risk is not evenly split, since DBRG carries 2.7 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.
DBRG vs QQQ: side by side
| DBRG (DigitalBridge Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +39.9% | +26.3% |
| 5-year return | -41.3% | +95.4% |
| Volatility (ann.) | 53.7% | 19.6% |
| Beta vs S&P 500 | 1.50 | 1.28 |
| Max drawdown (3Y) | -67.0% | -22.8% |
| Market cap | $3.0B | – |
| P/E (trailing) | 10.0 | – |
| Dividend yield | 0.25% | 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 | DBRG | QQQ |
|---|---|---|
| 2022 | -67.1% | -32.6% |
| 2023 | +60.8% | +54.9% |
| 2024 | -35.5% | +25.6% |
| 2025 | +36.5% | +20.8% |
| 2026 | +4.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBRG and QQQ good diversifiers for each other?
Reasonably. At 0.34, DBRG and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DBRG and QQQ?
As of 2026-08-27, the correlation of weekly returns between DBRG and QQQ is 0.34 over 3 years, 0.15 over 1 year and 0.46 over 5 years.
Is QQQ a good diversifier for DBRG?
Reasonably. At 0.34, DBRG and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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/dbrg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dbrg-vs-qqq/)
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Related comparisons
Hubs: DBRG correlations · QQQ correlations
