DH vs QQQ: Correlation
Measured on weekly returns over the past three years, Definitive Healthcare Corp. (DH) and Invesco QQQ Trust (QQQ) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DH and QQQ?
Across a 3-year window, the weekly returns of DH and QQQ correlate at 0.35, moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.35 over 3. Stretching to 5 years gives 0.45, with an annualized covariance of 446.9 %².
Among the 14 assets we track against DH, QQQ sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with QQQ ahead by 106.1 points (-79.8% versus +26.3%). Note the risk asymmetry: DH runs 3.3 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.
DH vs QQQ: side by side
| DH (Definitive Healthcare Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -79.8% | +26.3% |
| 5-year return | -98.1% | +95.4% |
| Volatility (ann.) | 65.1% | 19.6% |
| Beta vs S&P 500 | 1.74 | 1.28 |
| Max drawdown (3Y) | -93.9% | -22.8% |
| Market cap | $0.1B | – |
| 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 | DH | QQQ |
|---|---|---|
| 2022 | -59.8% | -32.6% |
| 2023 | -9.6% | +54.9% |
| 2024 | -58.7% | +25.6% |
| 2025 | -30.2% | +20.8% |
| 2026 | -71.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DH and QQQ good diversifiers for each other?
Reasonably. At 0.35, DH and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DH and QQQ?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.33 over the last year and 0.45 over 5 years.
Is QQQ a good diversifier for DH?
Reasonably. At 0.35, DH and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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: DH correlations · QQQ correlations
