DELL vs QQQM: Correlation
Dell Technologies (DELL) and Invesco Nasdaq 100 ETF (QQQM) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DELL and QQQM?
Over the past 3 years, DELL and QQQM moved with a correlation of 0.55, which is moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 650.1 %².
By 3-year correlation, QQQM places #8 of the 29 assets tracked against DELL. Correlation aside, the last 12 months split them widely, with DELL ahead by 234.6 points (+261.0% versus +26.4%). The rolling one-year correlation moved between 0.35 and 0.78 over the past three years, a moderate range. One caveat on sizing: DELL is 3.1 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.
DELL vs QQQM: side by side
| DELL (Dell Technologies) | QQQM (Invesco Nasdaq 100 ETF) | |
|---|---|---|
| 1-year return | +261.0% | +26.4% |
| 5-year return | +945.0% | +96.1% |
| Volatility (ann.) | 61.3% | 19.5% |
| Beta vs S&P 500 | 2.02 | 1.28 |
| Max drawdown (3Y) | -59.6% | -22.7% |
| Market cap | $305.1B | – |
| P/E (trailing) | 36.9 | – |
| Dividend yield | 0.48% | 0.46% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $97.1B |
| Sector / category | Information Technology | ETF · US Growth & Tech |
QQQM is a Large Growth fund from Invesco: $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% trailing dividend yield.
Year-by-year returns
| Year | DELL | QQQM |
|---|---|---|
| 2022 | -26.6% | -32.5% |
| 2023 | +95.9% | +55.0% |
| 2024 | +53.0% | +25.7% |
| 2025 | +11.2% | +20.9% |
| 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 QQQM good diversifiers for each other?
Only partially. A correlation of 0.55 means DELL and QQQM 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 QQQM?
The DELL/QQQM correlation stands at 0.55 on a 3-year window (1 year: 0.46, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is QQQM a good diversifier for DELL?
Only partially. A correlation of 0.55 means DELL and QQQM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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-qqqm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dell-vs-qqqm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DELL correlations · QQQM correlations
