DKS vs QQQ: Correlation
Dick's Sporting Goods Inc (DKS) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DKS and QQQ?
On 3 years of weekly data the DKS/QQQ correlation comes out at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. The 5-year figure is 0.38, and annualized covariance runs at 318.0 %².
Within DKS's tracked universe of 18 assets, QQQ comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 66.6 points (-40.3% versus +26.3%). Risk is not evenly split, since DKS carries 2.1 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.
DKS vs QQQ: side by side
| DKS (Dick's Sporting Goods Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -40.3% | +26.3% |
| 5-year return | +8.3% | +95.4% |
| Volatility (ann.) | 41.9% | 19.6% |
| Beta vs S&P 500 | 1.33 | 1.28 |
| Max drawdown (3Y) | -48.5% | -22.8% |
| Market cap | $11.8B | – |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 3.80% | 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 | DKS | QQQ |
|---|---|---|
| 2022 | +6.6% | -32.6% |
| 2023 | +25.9% | +54.9% |
| 2024 | +58.9% | +25.6% |
| 2025 | -11.5% | +20.8% |
| 2026 | -32.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DKS and QQQ good diversifiers for each other?
Reasonably. At 0.39, DKS and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DKS and QQQ?
As of 2026-08-27, the correlation of weekly returns between DKS and QQQ is 0.39 over 3 years, 0.34 over 1 year and 0.38 over 5 years.
Is QQQ a good diversifier for DKS?
Reasonably. At 0.39, DKS and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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: DKS correlations · QQQ correlations
