DHC vs QQQ: Correlation
Diversified Healthcare Trust (DHC) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.10.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHC and QQQ?
Over the past 3 years, DHC and QQQ moved with a correlation of 0.10, which is weak. Little has changed lately, as the 1-year reading of 0.04 lands near the 3-year figure. Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 111.4 %².
Among the 11 assets we track against DHC, QQQ sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months DHC outperformed by 81.6 percentage points (+107.9% for DHC against +26.3% for QQQ). Risk is not evenly split, since DHC carries 2.9 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.
DHC vs QQQ: side by side
| DHC (Diversified Healthcare Trust) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +107.9% | +26.3% |
| 5-year return | +129.1% | +95.4% |
| Volatility (ann.) | 57.3% | 19.6% |
| Beta vs S&P 500 | 0.54 | 1.28 |
| Max drawdown (3Y) | -51.2% | -22.8% |
| Market cap | $1.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.50% | 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 | DHC | QQQ |
|---|---|---|
| 2022 | -78.5% | -32.6% |
| 2023 | +494.7% | +54.9% |
| 2024 | -37.6% | +25.6% |
| 2025 | +113.9% | +20.8% |
| 2026 | +62.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.10 means the two rarely move for the same reasons.
FAQ
What is the correlation between DHC and QQQ?
As of 2026-08-27, the correlation of weekly returns between DHC and QQQ is 0.10 over 3 years, 0.04 over 1 year and 0.19 over 5 years.
Is QQQ a good diversifier for DHC?
By historical standards, yes. A correlation of 0.10 means the two rarely move for the same reasons.
What does a correlation of 0.10 mean?
A reading of 0.10 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: DHC correlations · QQQ correlations
