DHT vs QQQ: Correlation
Measured on weekly returns over the past three years, DHT Holdings, Inc. (DHT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.10, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DHT and QQQ?
On 3 years of weekly data the DHT/QQQ correlation comes out at 0.10, weak. Little has changed lately, as the 1-year reading of 0.10 lands near the 3-year figure. The 5-year figure is 0.16, and annualized covariance runs at 65.0 %².
Among the 12 assets we track against DHT, QQQ sits near the bottom by co-movement, at rank #9. The last year tells two different stories: DHT led by 63.4 percentage points, +89.7% for DHT against +26.3% for QQQ. Risk is not evenly split, since DHT carries 1.7 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.
DHT vs QQQ: side by side
| DHT (DHT Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +89.7% | +26.3% |
| 5-year return | +422.1% | +95.4% |
| Volatility (ann.) | 33.2% | 19.6% |
| Beta vs S&P 500 | 0.29 | 1.28 |
| Max drawdown (3Y) | -25.0% | -22.8% |
| Market cap | $3.1B | – |
| P/E (trailing) | 6.6 | – |
| Dividend yield | 13.37% | 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 | DHT | QQQ |
|---|---|---|
| 2022 | +73.9% | -32.6% |
| 2023 | +24.1% | +54.9% |
| 2024 | +3.6% | +25.6% |
| 2025 | +35.2% | +20.8% |
| 2026 | +79.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DHT 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 DHT and QQQ?
Using weekly returns as of 2026-08-27: 0.10 over 3 years, with 0.10 over the last year and 0.16 over 5 years.
Is QQQ a good diversifier for DHT?
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?
On the −1 to +1 scale, 0.10 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
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Related comparisons
Hubs: DHT correlations · QQQ correlations
