DFNS vs QQQ: Correlation
T3 Defense Inc. (DFNS) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.08.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFNS and QQQ?
Over the past 3 years, DFNS and QQQ moved with a correlation of -0.08, which is near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.11 over 1 year against -0.08 over 3. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -9012.2 %².
Within DFNS's tracked universe of 44 assets, QQQ comes in at #12 by 3-year correlation. The last year tells two different stories: DFNS led by 167.2 percentage points, +193.5% for DFNS against +26.3% for QQQ. One caveat on sizing: DFNS is 313.1 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.
DFNS vs QQQ: side by side
| DFNS (T3 Defense Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +193.5% | +26.3% |
| 5-year return | -77.9% | +95.4% |
| Volatility (ann.) | 6136.1% | 19.6% |
| Beta vs S&P 500 | -23.33 | 1.28 |
| Max drawdown (3Y) | -99.9% | -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 | DFNS | QQQ |
|---|---|---|
| 2022 | +5.0% | -32.6% |
| 2023 | -62.5% | +54.9% |
| 2024 | +59.9% | +25.6% |
| 2025 | -89.0% | +20.8% |
| 2026 | +215.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFNS and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.08 means the two rarely move for the same reasons.
FAQ
What is the correlation between DFNS and QQQ?
Using weekly returns as of 2026-08-27: -0.08 over 3 years, with -0.11 over the last year and -0.05 over 5 years.
Is QQQ a good diversifier for DFNS?
By historical standards, yes. A correlation of -0.08 means the two rarely move for the same reasons.
What does a correlation of -0.08 mean?
On the −1 to +1 scale, -0.08 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/dfns-vs-qqq.json
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Related comparisons
Hubs: DFNS correlations · QQQ correlations
