DIS vs QQQ: Correlation
Walt Disney Company (The) (DIS) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIS and QQQ?
On 3 years of weekly data the DIS/QQQ correlation comes out at 0.43, moderate. The past 12 months show a tighter link (0.57) than the 3-year average (0.43). The 5-year figure is 0.52, and annualized covariance runs at 234.5 %².
Within DIS's tracked universe of 37 assets, QQQ comes in at #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 34.5 percentage points (-8.2% for DIS against +26.3% for QQQ). The rolling one-year correlation moved between 0.08 and 0.56 over the past three years, a moderate range.
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.
DIS vs QQQ: side by side
| DIS (Walt Disney Company (The)) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -8.2% | +26.3% |
| 5-year return | -38.8% | +95.4% |
| Volatility (ann.) | 27.7% | 19.6% |
| Beta vs S&P 500 | 0.96 | 1.28 |
| Max drawdown (3Y) | -32.9% | -22.8% |
| Market cap | $184.4B | – |
| P/E (trailing) | 22.6 | – |
| Dividend yield | 1.37% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Communication Services | 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 | DIS | QQQ |
|---|---|---|
| 2022 | -43.9% | -32.6% |
| 2023 | +4.3% | +54.9% |
| 2024 | +24.4% | +25.6% |
| 2025 | +3.3% | +20.8% |
| 2026 | -5.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIS and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DIS and QQQ?
The DIS/QQQ correlation stands at 0.43 on a 3-year window (1 year: 0.57, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DIS?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DIS correlations · QQQ correlations
