DELL vs QQQ: Correlation
How closely do Dell Technologies (DELL) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DELL and QQQ?
Across a 3-year window, the weekly returns of DELL and QQQ correlate at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Stretching to 5 years gives 0.52, with an annualized covariance of 652.7 %².
Among the 29 assets we track against DELL, QQQ ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DELL ahead by 234.7 points (+261.0% versus +26.3%). Across three years, the rolling one-year figure varied moderately, from 0.35 to 0.78. Risk is not evenly split, since DELL carries 3.1 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.
DELL vs QQQ: side by side
| DELL (Dell Technologies) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +261.0% | +26.3% |
| 5-year return | +945.0% | +95.4% |
| Volatility (ann.) | 61.3% | 19.6% |
| Beta vs S&P 500 | 2.02 | 1.28 |
| Max drawdown (3Y) | -59.6% | -22.8% |
| Market cap | $305.1B | – |
| P/E (trailing) | 36.9 | – |
| Dividend yield | 0.48% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | 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 | DELL | QQQ |
|---|---|---|
| 2022 | -26.6% | -32.6% |
| 2023 | +95.9% | +54.9% |
| 2024 | +53.0% | +25.6% |
| 2025 | +11.2% | +20.8% |
| 2026 | +278.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DELL and QQQ good diversifiers for each other?
Only partially. A correlation of 0.54 means DELL and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DELL and QQQ?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.46 over the last year and 0.52 over 5 years.
Is QQQ a good diversifier for DELL?
Only partially. A correlation of 0.54 means DELL and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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
$ curl https://www.pairbook.io/api/v1/pairs/dell-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dell-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DELL correlations · QQQ correlations
