DEO vs QQQ: Correlation
Diageo plc (DEO) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEO and QQQ?
Across a 3-year window, the weekly returns of DEO and QQQ correlate at 0.28, weak. The relationship has been stable: the 1-year correlation (0.24) sits close to the 3-year figure. Stretching to 5 years gives 0.38, with an annualized covariance of 149.4 %².
Among the 13 assets we track against DEO, QQQ sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with QQQ ahead by 41.1 points (-14.8% versus +26.3%).
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.
DEO vs QQQ: side by side
| DEO (Diageo plc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -14.8% | +26.3% |
| 5-year return | -45.7% | +95.4% |
| Volatility (ann.) | 26.8% | 19.6% |
| Beta vs S&P 500 | 0.68 | 1.28 |
| Max drawdown (3Y) | -54.4% | -22.8% |
| Market cap | $51.2B | – |
| P/E (trailing) | 29.5 | – |
| Dividend yield | 0.53% | 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 | DEO | QQQ |
|---|---|---|
| 2022 | -17.4% | -32.6% |
| 2023 | -16.3% | +54.9% |
| 2024 | -10.1% | +25.6% |
| 2025 | -29.3% | +20.8% |
| 2026 | +7.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEO and QQQ good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DEO and QQQ?
As of 2026-08-27, the correlation of weekly returns between DEO and QQQ is 0.28 over 3 years, 0.24 over 1 year and 0.38 over 5 years.
Is QQQ a good diversifier for DEO?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
A reading of 0.28 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: DEO correlations · QQQ correlations
