DCGO vs QQQ: Correlation
DocGo Inc. (DCGO) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCGO and QQQ?
Across a 3-year window, the weekly returns of DCGO and QQQ correlate at 0.24, weak. The past 12 months show a tighter link (0.36) than the 3-year average (0.24). Stretching to 5 years gives 0.30, with an annualized covariance of 331.4 %².
Among the 10 assets we track against DCGO, QQQ sits near the bottom by co-movement, at rank #7. The last year tells two different stories: QQQ led by 100.7 percentage points, -74.4% for DCGO against +26.3% for QQQ. One caveat on sizing: DCGO is 3.6 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.
DCGO vs QQQ: side by side
| DCGO (DocGo Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -74.4% | +26.3% |
| 5-year return | -95.8% | +95.4% |
| Volatility (ann.) | 69.8% | 19.6% |
| Beta vs S&P 500 | 1.31 | 1.28 |
| Max drawdown (3Y) | -95.7% | -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 | DCGO | QQQ |
|---|---|---|
| 2022 | -24.4% | -32.6% |
| 2023 | -20.9% | +54.9% |
| 2024 | -24.2% | +25.6% |
| 2025 | -79.3% | +20.8% |
| 2026 | -52.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCGO and QQQ good diversifiers for each other?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DCGO and QQQ?
Using weekly returns as of 2026-08-27: 0.24 over 3 years, with 0.36 over the last year and 0.30 over 5 years.
Is QQQ a good diversifier for DCGO?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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
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[](https://www.pairbook.io/pair/dcgo-vs-qqq/)
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Related comparisons
Hubs: DCGO correlations · QQQ correlations
