DK vs QQQ: Correlation
Delek US Holdings, Inc. (DK) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.05.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DK and QQQ?
Across a 3-year window, the weekly returns of DK and QQQ correlate at 0.05, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus 0.05 over 3 years. Stretching to 5 years gives 0.04, with an annualized covariance of 57.0 %².
QQQ is close to the least connected end of DK's tracked universe, ranking #11 of 14. Their recent paths diverged sharply: over the last 12 months DK outperformed by 139.6 percentage points (+165.9% for DK against +26.3% for QQQ). One caveat on sizing: DK is 2.8 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.
DK vs QQQ: side by side
| DK (Delek US Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +165.9% | +26.3% |
| 5-year return | +392.8% | +95.4% |
| Volatility (ann.) | 54.6% | 19.6% |
| Beta vs S&P 500 | 0.53 | 1.28 |
| Max drawdown (3Y) | -63.6% | -22.8% |
| Market cap | $4.3B | – |
| P/E (trailing) | 19.3 | – |
| Dividend yield | 1.44% | 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 | DK | QQQ |
|---|---|---|
| 2022 | +84.0% | -32.6% |
| 2023 | -0.8% | +54.9% |
| 2024 | -25.0% | +25.6% |
| 2025 | +68.7% | +20.8% |
| 2026 | +140.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DK and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.05 means the two rarely move for the same reasons.
FAQ
What is the correlation between DK and QQQ?
As of 2026-08-27, the correlation of weekly returns between DK and QQQ is 0.05 over 3 years, -0.40 over 1 year and 0.04 over 5 years.
Is QQQ a good diversifier for DK?
By historical standards, yes. A correlation of 0.05 means the two rarely move for the same reasons.
What does a correlation of 0.05 mean?
A reading of 0.05 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/dk-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dk-vs-qqq/)
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Related comparisons
Hubs: DK correlations · QQQ correlations
