DMA vs QQQ: Correlation
Destra Multi-Alternative Fund (DMA) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMA and QQQ?
On 3 years of weekly data the DMA/QQQ correlation comes out at 0.32, moderate. The link has loosened recently: the 1-year correlation (0.11) runs below the 3-year figure (0.32). The 5-year figure is 0.22, and annualized covariance runs at 108.7 %².
Out of 10 assets tracked against DMA, QQQ lands near the bottom at #7. The last year tells two different stories: QQQ led by 29.6 percentage points, -3.3% for DMA 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.
DMA vs QQQ: side by side
| DMA (Destra Multi-Alternative Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -3.3% | +26.3% |
| 5-year return | +19.8% | +95.4% |
| Volatility (ann.) | 17.6% | 19.6% |
| Beta vs S&P 500 | 0.47 | 1.28 |
| Max drawdown (3Y) | -19.4% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 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 | DMA | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -3.8% | +54.9% |
| 2024 | +41.1% | +25.6% |
| 2025 | +12.0% | +20.8% |
| 2026 | -6.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMA and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DMA and QQQ?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.11 over the last year and 0.22 over 5 years.
Is QQQ a good diversifier for DMA?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 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: DMA correlations · QQQ correlations
