DMAC vs QQQ: Correlation
Measured on weekly returns over the past three years, DiaMedica Therapeutics Inc. (DMAC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMAC and QQQ?
Across a 3-year window, the weekly returns of DMAC and QQQ correlate at 0.24, weak. Recent behaviour matches the longer record: 0.17 over 1 year against 0.24 over 3. Stretching to 5 years gives 0.20, with an annualized covariance of 316.6 %².
Among the 10 assets we track against DMAC, QQQ sits near the bottom by co-movement, at rank #7. Over the last 12 months QQQ came out ahead by 13.4 percentage points (+12.9% against +26.3%). Risk is not evenly split, since DMAC carries 3.5 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.
DMAC vs QQQ: side by side
| DMAC (DiaMedica Therapeutics Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +12.9% | +26.3% |
| 5-year return | +67.5% | +95.4% |
| Volatility (ann.) | 68.6% | 19.6% |
| Beta vs S&P 500 | 1.46 | 1.28 |
| Max drawdown (3Y) | -49.2% | -22.8% |
| Market cap | $0.4B | – |
| 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 | DMAC | QQQ |
|---|---|---|
| 2022 | -57.6% | -32.6% |
| 2023 | +79.7% | +54.9% |
| 2024 | +91.2% | +25.6% |
| 2025 | +46.6% | +20.8% |
| 2026 | -15.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMAC and QQQ good diversifiers for each other?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DMAC and QQQ?
As of 2026-08-27, the correlation of weekly returns between DMAC and QQQ is 0.24 over 3 years, 0.17 over 1 year and 0.20 over 5 years.
Is QQQ a good diversifier for DMAC?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.24 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/dmac-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dmac-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DMAC correlations · QQQ correlations
