DIOD vs QQQ: Correlation
How closely do Diodes Incorporated (DIOD) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIOD and QQQ?
On 3 years of weekly data the DIOD/QQQ correlation comes out at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. The 5-year figure is 0.59, and annualized covariance runs at 538.0 %².
By 3-year correlation, QQQ places #16 of the 25 assets tracked against DIOD. Their recent paths diverged sharply: over the last 12 months DIOD outperformed by 35.4 percentage points (+61.7% for DIOD against +26.3% for QQQ). One caveat on sizing: DIOD is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DIOD vs QQQ: side by side
| DIOD (Diodes Incorporated) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +61.7% | +26.3% |
| 5-year return | -7.4% | +95.4% |
| Volatility (ann.) | 50.3% | 19.6% |
| Beta vs S&P 500 | 1.84 | 1.28 |
| Max drawdown (3Y) | -60.1% | -22.8% |
| Market cap | $4.2B | – |
| P/E (trailing) | 48.6 | – |
| 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 | DIOD | QQQ |
|---|---|---|
| 2022 | -30.7% | -32.6% |
| 2023 | +5.8% | +54.9% |
| 2024 | -23.4% | +25.6% |
| 2025 | -20.0% | +20.8% |
| 2026 | +84.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIOD and QQQ good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DIOD and QQQ?
As of 2026-08-27, the correlation of weekly returns between DIOD and QQQ is 0.55 over 3 years, 0.58 over 1 year and 0.59 over 5 years.
Is QQQ a good diversifier for DIOD?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
A reading of 0.55 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
$ curl https://www.pairbook.io/api/v1/pairs/diod-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/diod-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DIOD correlations · QQQ correlations
