DHI vs QQQ: Correlation
How closely do D. R. Horton (DHI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHI and QQQ?
On 3 years of weekly data the DHI/QQQ correlation comes out at 0.26, weak. Recent behaviour matches the longer record: 0.30 over 1 year against 0.26 over 3. The 5-year figure is 0.42, and annualized covariance runs at 167.2 %².
Within DHI's tracked universe of 31 assets, QQQ comes in at #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 38.5 percentage points (-12.2% for DHI against +26.3% for QQQ). This link changes with the market regime, having swung between -0.04 and 0.64 on a rolling one-year basis. Note the risk asymmetry: DHI runs 1.7 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.
DHI vs QQQ: side by side
| DHI (D. R. Horton) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -12.2% | +26.3% |
| 5-year return | +59.2% | +95.4% |
| Volatility (ann.) | 33.5% | 19.6% |
| Beta vs S&P 500 | 0.79 | 1.28 |
| Max drawdown (3Y) | -41.3% | -22.8% |
| Market cap | $40.6B | – |
| P/E (trailing) | 14.2 | – |
| Dividend yield | 1.17% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Discretionary | 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 | DHI | QQQ |
|---|---|---|
| 2022 | -16.8% | -32.6% |
| 2023 | +72.1% | +54.9% |
| 2024 | -7.2% | +25.6% |
| 2025 | +4.2% | +20.8% |
| 2026 | +1.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHI and QQQ good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DHI and QQQ?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.30 over the last year and 0.42 over 5 years.
Is QQQ a good diversifier for DHI?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 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: DHI correlations · QQQ correlations
