DDS vs QQQ: Correlation
Measured on weekly returns over the past three years, Dillard's, Inc. (DDS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDS and QQQ?
Across a 3-year window, the weekly returns of DDS and QQQ correlate at 0.29, weak. The past 12 months show a weaker link (0.07) than the 3-year average (0.29). Stretching to 5 years gives 0.40, with an annualized covariance of 235.8 %².
QQQ is close to the least connected end of DDS's tracked universe, ranking #8 of 11. The trailing year gives QQQ the advantage: +20.2% versus +26.3%, a 6.1-point spread. One caveat on sizing: DDS is 2.1 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.
DDS vs QQQ: side by side
| DDS (Dillard's, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +20.2% | +26.3% |
| 5-year return | +310.3% | +95.4% |
| Volatility (ann.) | 41.0% | 19.6% |
| Beta vs S&P 500 | 1.06 | 1.28 |
| Max drawdown (3Y) | -42.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 0.09% | 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 | DDS | QQQ |
|---|---|---|
| 2022 | +38.7% | -32.6% |
| 2023 | +32.1% | +54.9% |
| 2024 | +13.5% | +25.6% |
| 2025 | +46.8% | +20.8% |
| 2026 | +4.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDS and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DDS and QQQ?
The DDS/QQQ correlation stands at 0.29 on a 3-year window (1 year: 0.07, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DDS?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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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Related comparisons
Hubs: DDS correlations · QQQ correlations
