DEA vs QQQ: Correlation
Measured on weekly returns over the past three years, Easterly Government Properties, Inc. (DEA) and Invesco QQQ Trust (QQQ) carry a correlation of 0.14, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEA and QQQ?
Across a 3-year window, the weekly returns of DEA and QQQ correlate at 0.14, weak. Recent behaviour matches the longer record: 0.14 over 1 year against 0.14 over 3. Stretching to 5 years gives 0.23, with an annualized covariance of 70.1 %².
Out of 15 assets tracked against DEA, QQQ lands near the bottom at #11. The trailing year gives QQQ the advantage: +15.2% versus +26.3%, a 11.1-point spread.
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.
DEA vs QQQ: side by side
| DEA (Easterly Government Properties, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +15.2% | +26.3% |
| 5-year return | -33.0% | +95.4% |
| Volatility (ann.) | 25.9% | 19.6% |
| Beta vs S&P 500 | 0.47 | 1.28 |
| Max drawdown (3Y) | -42.2% | -22.8% |
| Market cap | $1.2B | – |
| P/E (trailing) | 129.4 | – |
| Dividend yield | 7.27% | 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 | DEA | QQQ |
|---|---|---|
| 2022 | -34.0% | -32.6% |
| 2023 | +1.8% | +54.9% |
| 2024 | -7.9% | +25.6% |
| 2025 | -18.6% | +20.8% |
| 2026 | +22.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEA and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
FAQ
What is the correlation between DEA and QQQ?
Using weekly returns as of 2026-08-27: 0.14 over 3 years, with 0.14 over the last year and 0.23 over 5 years.
Is QQQ a good diversifier for DEA?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
What does a correlation of 0.14 mean?
A reading of 0.14 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dea-vs-qqq/)
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Related comparisons
Hubs: DEA correlations · QQQ correlations
