DG vs QQQ: Correlation
How closely do Dollar General (DG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.06, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DG and QQQ?
On 3 years of weekly data the DG/QQQ correlation comes out at 0.06, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.21) runs above the 3-year figure (0.06). The 5-year figure is 0.14, and annualized covariance runs at 48.3 %².
Among the 32 assets we track against DG, QQQ ranks #21 by 3-year correlation. Over the last 12 months QQQ came out ahead by 10.8 percentage points (+15.5% against +26.3%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.20 and 0.35 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: DG runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DG vs QQQ: side by side
| DG (Dollar General) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +15.5% | +26.3% |
| 5-year return | -39.3% | +95.4% |
| Volatility (ann.) | 38.5% | 19.6% |
| Beta vs S&P 500 | 0.11 | 1.28 |
| Max drawdown (3Y) | -56.6% | -22.8% |
| Market cap | $27.8B | – |
| P/E (trailing) | 17.4 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Staples | 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 | DG | QQQ |
|---|---|---|
| 2022 | +5.6% | -32.6% |
| 2023 | -44.1% | +54.9% |
| 2024 | -43.1% | +25.6% |
| 2025 | +79.6% | +20.8% |
| 2026 | -3.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DG and QQQ good diversifiers for each other?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DG and QQQ?
As of 2026-08-27, the correlation of weekly returns between DG and QQQ is 0.06 over 3 years, 0.21 over 1 year and 0.14 over 5 years.
Is QQQ a good diversifier for DG?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.06 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: DG correlations · QQQ correlations
