DDI vs QQQ: Correlation
DoubleDown Interactive Co., Ltd. - American Depository (DDI) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.11.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDI and QQQ?
Over the past 3 years, DDI and QQQ moved with a correlation of 0.11, which is weak. Little has changed lately, as the 1-year reading of 0.20 lands near the 3-year figure. Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 110.8 %².
Among the 10 assets we track against DDI, QQQ sits near the bottom by co-movement, at rank #7. Over the last 12 months DDI came out ahead by 8.2 percentage points (+34.5% against +26.3%). Risk is not evenly split, since DDI carries 2.6 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.
DDI vs QQQ: side by side
| DDI (DoubleDown Interactive Co., Ltd. - American Depository) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +34.5% | +26.3% |
| 5-year return | -28.2% | +95.4% |
| Volatility (ann.) | 51.1% | 19.6% |
| Beta vs S&P 500 | 0.44 | 1.28 |
| Max drawdown (3Y) | -52.1% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | 5.1 | – |
| 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 | DDI | QQQ |
|---|---|---|
| 2022 | -45.5% | -32.6% |
| 2023 | -13.0% | +54.9% |
| 2024 | +42.0% | +25.6% |
| 2025 | -17.3% | +20.8% |
| 2026 | +47.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDI and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
FAQ
What is the correlation between DDI and QQQ?
The DDI/QQQ correlation stands at 0.11 on a 3-year window (1 year: 0.20, 5 years: 0.15), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DDI?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
What does a correlation of 0.11 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.
Use this data
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[](https://www.pairbook.io/pair/ddi-vs-qqq/)
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Related comparisons
Hubs: DDI correlations · QQQ correlations
