DIN vs QQQ: Correlation
Measured on weekly returns over the past three years, Dine Brands Global, Inc. (DIN) and Invesco QQQ Trust (QQQ) carry a correlation of 0.18, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIN and QQQ?
Over the past 3 years, DIN and QQQ moved with a correlation of 0.18, which is weak. The link has tightened recently: the 1-year correlation (0.29) runs above the 3-year figure (0.18). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 153.5 %².
Among the 14 assets we track against DIN, QQQ sits near the bottom by co-movement, at rank #11. The last year tells two different stories: DIN led by 25.7 percentage points, +52.0% for DIN against +26.3% for QQQ. Note the risk asymmetry: DIN runs 2.2 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.
DIN vs QQQ: side by side
| DIN (Dine Brands Global, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +52.0% | +26.3% |
| 5-year return | -49.2% | +95.4% |
| Volatility (ann.) | 43.4% | 19.6% |
| Beta vs S&P 500 | 0.81 | 1.28 |
| Max drawdown (3Y) | -63.3% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 56.5 | – |
| Dividend yield | 3.07% | 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 | DIN | QQQ |
|---|---|---|
| 2022 | -12.4% | -32.6% |
| 2023 | -20.3% | +54.9% |
| 2024 | -35.7% | +25.6% |
| 2025 | +14.1% | +20.8% |
| 2026 | +5.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIN and QQQ good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DIN and QQQ?
The DIN/QQQ correlation stands at 0.18 on a 3-year window (1 year: 0.29, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DIN?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 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
$ curl https://www.pairbook.io/api/v1/pairs/din-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/din-vs-qqq/)
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Related comparisons
Hubs: DIN correlations · QQQ correlations
