DECK vs QQQ: Correlation
How closely do Deckers Brands (DECK) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DECK and QQQ?
On 3 years of weekly data the DECK/QQQ correlation comes out at 0.36, moderate. Recent behaviour matches the longer record: 0.26 over 1 year against 0.36 over 3. The 5-year figure is 0.39, and annualized covariance runs at 304.7 %².
By 3-year correlation, QQQ places #18 of the 31 assets tracked against DECK. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 52.3 percentage points (-26.0% for DECK against +26.3% for QQQ). The relationship is regime-dependent: the rolling one-year correlation swung between 0.02 and 0.58 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: DECK runs 2.2 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.
DECK vs QQQ: side by side
| DECK (Deckers Brands) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -26.0% | +26.3% |
| 5-year return | +22.8% | +95.4% |
| Volatility (ann.) | 43.6% | 19.6% |
| Beta vs S&P 500 | 1.20 | 1.28 |
| Max drawdown (3Y) | -64.3% | -22.8% |
| Market cap | $11.8B | – |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Discretionary | 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 | DECK | QQQ |
|---|---|---|
| 2022 | +9.0% | -32.6% |
| 2023 | +67.5% | +54.9% |
| 2024 | +82.3% | +25.6% |
| 2025 | -49.0% | +20.8% |
| 2026 | -16.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DECK and QQQ good diversifiers for each other?
Reasonably. At 0.36, DECK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DECK and QQQ?
As of 2026-08-27, the correlation of weekly returns between DECK and QQQ is 0.36 over 3 years, 0.26 over 1 year and 0.39 over 5 years.
Is QQQ a good diversifier for DECK?
Reasonably. At 0.36, DECK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DECK correlations · QQQ correlations
