DLB vs QQQ: Correlation
How closely do Dolby Laboratories (DLB) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLB and QQQ?
Over the past 3 years, DLB and QQQ moved with a correlation of 0.38, which is moderate. The past 12 months show a weaker link (0.17) than the 3-year average (0.38). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 191.6 %².
Out of 12 assets tracked against DLB, QQQ lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 38.6 percentage points (-12.3% for DLB against +26.3% for QQQ).
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.
DLB vs QQQ: side by side
| DLB (Dolby Laboratories) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -12.3% | +26.3% |
| 5-year return | -31.8% | +95.4% |
| Volatility (ann.) | 26.0% | 19.6% |
| Beta vs S&P 500 | 0.78 | 1.28 |
| Max drawdown (3Y) | -43.2% | -22.8% |
| Market cap | $5.8B | – |
| P/E (trailing) | 27.6 | – |
| Dividend yield | 2.22% | 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 | DLB | QQQ |
|---|---|---|
| 2022 | -24.9% | -32.6% |
| 2023 | +23.8% | +54.9% |
| 2024 | -7.9% | +25.6% |
| 2025 | -16.3% | +20.8% |
| 2026 | -1.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLB and QQQ good diversifiers for each other?
Reasonably. At 0.38, DLB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DLB and QQQ?
The DLB/QQQ correlation stands at 0.38 on a 3-year window (1 year: 0.17, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DLB?
Reasonably. At 0.38, DLB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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/dlb-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dlb-vs-qqq/)
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Related comparisons
Hubs: DLB correlations · QQQ correlations
