DCBO vs QQQ: Correlation
Docebo Inc. (DCBO) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCBO and QQQ?
Across a 3-year window, the weekly returns of DCBO and QQQ correlate at 0.41, moderate. The past 12 months show a weaker link (0.22) than the 3-year average (0.41). Stretching to 5 years gives 0.55, with an annualized covariance of 367.1 %².
By 3-year correlation, QQQ places #7 of the 12 assets tracked against DCBO. The last year tells two different stories: QQQ led by 44.4 percentage points, -18.1% for DCBO against +26.3% for QQQ. One caveat on sizing: DCBO is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DCBO vs QQQ: side by side
| DCBO (Docebo Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -18.1% | +26.3% |
| 5-year return | -69.8% | +95.4% |
| Volatility (ann.) | 45.4% | 19.6% |
| Beta vs S&P 500 | 1.27 | 1.28 |
| Max drawdown (3Y) | -73.0% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | 22.1 | – |
| 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 | DCBO | QQQ |
|---|---|---|
| 2022 | -50.8% | -32.6% |
| 2023 | +46.0% | +54.9% |
| 2024 | -7.5% | +25.6% |
| 2025 | -50.4% | +20.8% |
| 2026 | +14.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCBO and QQQ good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DCBO and QQQ?
As of 2026-08-27, the correlation of weekly returns between DCBO and QQQ is 0.41 over 3 years, 0.22 over 1 year and 0.55 over 5 years.
Is QQQ a good diversifier for DCBO?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/dcbo-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dcbo-vs-qqq/)
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Related comparisons
Hubs: DCBO correlations · QQQ correlations
