DC vs QQQ: Correlation
How closely do Dakota Gold Corp. (DC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DC and QQQ?
On 3 years of weekly data the DC/QQQ correlation comes out at 0.31, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.53 versus 0.31 over 3 years. The 5-year figure is 0.28, and annualized covariance runs at 373.8 %².
Among the 12 assets we track against DC, QQQ sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months DC outperformed by 23.0 percentage points (+49.3% for DC against +26.3% for QQQ). Note the risk asymmetry: DC runs 3.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DC vs QQQ: side by side
| DC (Dakota Gold Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +49.3% | +26.3% |
| 5-year return | -9.6% | +95.4% |
| Volatility (ann.) | 61.3% | 19.6% |
| Beta vs S&P 500 | 1.26 | 1.28 |
| Max drawdown (3Y) | -41.7% | -22.8% |
| Market cap | $0.8B | – |
| 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 | DC | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -14.1% | +54.9% |
| 2024 | -16.0% | +25.6% |
| 2025 | +158.2% | +20.8% |
| 2026 | +9.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DC 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 DC and QQQ?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.53 over the last year and 0.28 over 5 years.
Is QQQ a good diversifier for DC?
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?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: DC correlations · QQQ correlations
