DLX vs QQQ: Correlation
Deluxe Corporation (DLX) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLX and QQQ?
Over the past 3 years, DLX and QQQ moved with a correlation of 0.27, which is weak. Lately the two have drifted apart, with the 1-year correlation at -0.09 versus 0.27 over 3 years. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 207.0 %².
Among the 20 assets we track against DLX, QQQ sits near the bottom by co-movement, at rank #17. Twelve-month performance is nearly a tie, at +25.3% for DLX and +26.3% for QQQ. Note the risk asymmetry: DLX runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DLX vs QQQ: side by side
| DLX (Deluxe Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +25.3% | +26.3% |
| 5-year return | -19.3% | +95.4% |
| Volatility (ann.) | 39.8% | 19.6% |
| Beta vs S&P 500 | 1.08 | 1.28 |
| Max drawdown (3Y) | -40.9% | -22.8% |
| Market cap | $1.1B | – |
| P/E (trailing) | 10.8 | – |
| Dividend yield | 5.08% | 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 | DLX | QQQ |
|---|---|---|
| 2022 | -44.4% | -32.6% |
| 2023 | +34.9% | +54.9% |
| 2024 | +11.3% | +25.6% |
| 2025 | +5.6% | +20.8% |
| 2026 | +9.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLX and QQQ good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DLX and QQQ?
The DLX/QQQ correlation stands at 0.27 on a 3-year window (1 year: -0.09, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DLX?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
A reading of 0.27 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/dlx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dlx-vs-qqq/)
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Related comparisons
Hubs: DLX correlations · QQQ correlations
