DGXX vs QQQ: Correlation
How closely do Digi Power X Inc. - Common Subordinate Voting Shares (DGXX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGXX and QQQ?
Over the past 3 years, DGXX and QQQ moved with a correlation of 0.35, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.57 versus 0.35 over 3 years. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 786.3 %².
QQQ is close to the least connected end of DGXX's tracked universe, ranking #7 of 11. The last year tells two different stories: DGXX led by 52.8 percentage points, +79.1% for DGXX against +26.3% for QQQ. Note the risk asymmetry: DGXX runs 5.9 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.
DGXX vs QQQ: side by side
| DGXX (Digi Power X Inc. - Common Subordinate Voting Shares) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +79.1% | +26.3% |
| 5-year return | -21.0% | +95.4% |
| Volatility (ann.) | 116.4% | 19.6% |
| Beta vs S&P 500 | 2.42 | 1.28 |
| Max drawdown (3Y) | -75.9% | -22.8% |
| Market cap | $0.4B | – |
| 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 | DGXX | QQQ |
|---|---|---|
| 2022 | -92.2% | -32.6% |
| 2023 | +536.1% | +54.9% |
| 2024 | -34.5% | +25.6% |
| 2025 | +70.0% | +20.8% |
| 2026 | +58.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGXX and QQQ good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DGXX and QQQ?
As of 2026-08-27, the correlation of weekly returns between DGXX and QQQ is 0.35 over 3 years, 0.57 over 1 year and 0.42 over 5 years.
Is QQQ a good diversifier for DGXX?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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/dgxx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dgxx-vs-qqq/)
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Related comparisons
Hubs: DGXX correlations · QQQ correlations
