DCX vs QQQ: Correlation
How closely do Digital Currency X Technology Inc. - Class A (DCX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.20, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCX and QQQ?
Over the past 3 years, DCX and QQQ moved with a correlation of 0.20, which is weak. Little has changed lately, as the 1-year reading of 0.22 lands near the 3-year figure. Over 5 years the correlation is 0.13, and the annualized covariance of weekly returns is 661.0 %².
Within DCX's tracked universe of 19 assets, QQQ comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 126.3 percentage points (-100.0% for DCX against +26.3% for QQQ). Note the risk asymmetry: DCX runs 8.4 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.
DCX vs QQQ: side by side
| DCX (Digital Currency X Technology Inc. - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -100.0% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 165.4% | 19.6% |
| Beta vs S&P 500 | 2.11 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 0.0 | – |
| 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 | DCX | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -93.3% | +54.9% |
| 2024 | -89.0% | +25.6% |
| 2025 | -99.8% | +20.8% |
| 2026 | -83.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCX and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DCX and QQQ?
As of 2026-08-27, the correlation of weekly returns between DCX and QQQ is 0.20 over 3 years, 0.22 over 1 year and 0.13 over 5 years.
Is QQQ a good diversifier for DCX?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.20 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: DCX correlations · QQQ correlations
