DE vs QQQ: Correlation
How closely do Deere & Company (DE) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.23, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DE and QQQ?
On 3 years of weekly data the DE/QQQ correlation comes out at 0.23, weak. Lately the two have drifted apart, with the 1-year correlation at -0.20 versus 0.23 over 3 years. The 5-year figure is 0.32, and annualized covariance runs at 118.8 %².
Within DE's tracked universe of 33 assets, QQQ comes in at #23 by 3-year correlation. Twelve-month performance is nearly a tie, at +27.9% for DE and +26.3% for QQQ. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.16 to 0.56.
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.
DE vs QQQ: side by side
| DE (Deere & Company) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +27.9% | +26.3% |
| 5-year return | +74.5% | +95.4% |
| Volatility (ann.) | 26.7% | 19.6% |
| Beta vs S&P 500 | 0.65 | 1.28 |
| Max drawdown (3Y) | -19.9% | -22.8% |
| Market cap | $168.1B | – |
| P/E (trailing) | 35.2 | – |
| Dividend yield | 1.02% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | 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 | DE | QQQ |
|---|---|---|
| 2022 | +26.6% | -32.6% |
| 2023 | -5.5% | +54.9% |
| 2024 | +7.6% | +25.6% |
| 2025 | +11.4% | +20.8% |
| 2026 | +34.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DE and QQQ good diversifiers for each other?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DE and QQQ?
Using weekly returns as of 2026-08-27: 0.23 over 3 years, with -0.20 over the last year and 0.32 over 5 years.
Is QQQ a good diversifier for DE?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.23 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
$ curl https://www.pairbook.io/api/v1/pairs/de-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/de-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DE correlations · QQQ correlations
