DFLI vs QQQ: Correlation
Dragonfly Energy Holdings Corp (DFLI) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.07.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFLI and QQQ?
On 3 years of weekly data the DFLI/QQQ correlation comes out at 0.07, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.18) than the 3-year average (0.07). The 5-year figure is 0.05, and annualized covariance runs at 305.4 %².
Out of 15 assets tracked against DFLI, QQQ lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with QQQ ahead by 91.1 points (-64.8% versus +26.3%). Risk is not evenly split, since DFLI carries 10.6 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.
DFLI vs QQQ: side by side
| DFLI (Dragonfly Energy Holdings Corp) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -64.8% | +26.3% |
| 5-year return | -99.9% | +95.4% |
| Volatility (ann.) | 208.7% | 19.6% |
| Beta vs S&P 500 | 1.72 | 1.28 |
| Max drawdown (3Y) | -99.3% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| 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 | DFLI | QQQ |
|---|---|---|
| 2022 | +19.4% | -32.6% |
| 2023 | -95.4% | +54.9% |
| 2024 | -43.0% | +25.6% |
| 2025 | -89.0% | +20.8% |
| 2026 | -62.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFLI and QQQ good diversifiers for each other?
Yes: at 0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DFLI and QQQ?
The DFLI/QQQ correlation stands at 0.07 on a 3-year window (1 year: 0.18, 5 years: 0.05), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DFLI?
Yes: at 0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.07 mean?
A reading of 0.07 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
$ curl https://www.pairbook.io/api/v1/pairs/dfli-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dfli-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DFLI correlations · QQQ correlations
