DFIN vs QQQ: Correlation
How closely do Donnelley Financial Solutions, Inc. (DFIN) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFIN and QQQ?
On 3 years of weekly data the DFIN/QQQ correlation comes out at 0.28, weak. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.28 over 3 years. The 5-year figure is 0.41, and annualized covariance runs at 226.5 %².
Out of 14 assets tracked against DFIN, QQQ lands near the bottom at #11. The last year tells two different stories: QQQ led by 41.9 percentage points, -15.6% for DFIN against +26.3% for QQQ. One caveat on sizing: DFIN is 2.1 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.
DFIN vs QQQ: side by side
| DFIN (Donnelley Financial Solutions, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -15.6% | +26.3% |
| 5-year return | +44.0% | +95.4% |
| Volatility (ann.) | 42.1% | 19.6% |
| Beta vs S&P 500 | 1.09 | 1.28 |
| Max drawdown (3Y) | -47.4% | -22.8% |
| Market cap | $1.2B | – |
| P/E (trailing) | 30.9 | – |
| Dividend yield | 0.00% | 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 | DFIN | QQQ |
|---|---|---|
| 2022 | -18.0% | -32.6% |
| 2023 | +61.4% | +54.9% |
| 2024 | +0.6% | +25.6% |
| 2025 | -25.6% | +20.8% |
| 2026 | +2.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFIN and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DFIN and QQQ?
The DFIN/QQQ correlation stands at 0.28 on a 3-year window (1 year: 0.11, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DFIN?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
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.
Use this data
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Related comparisons
Hubs: DFIN correlations · QQQ correlations
