DMC vs QQQ: Correlation
How closely do Del Monte Corporation (DMC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.13, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMC and QQQ?
Across a 3-year window, the weekly returns of DMC and QQQ correlate at -0.13, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.10) sits close to the 3-year figure. Stretching to 5 years gives 0.06, with an annualized covariance of -66.6 %².
Among the 17 assets we track against DMC, QQQ ranks #7 by 3-year correlation. The last year tells two different stories: QQQ led by 37.4 percentage points, -11.1% for DMC 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.
DMC vs QQQ: side by side
| DMC (Del Monte Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -11.1% | +26.3% |
| 5-year return | +13.3% | +95.4% |
| Volatility (ann.) | 25.4% | 19.6% |
| Beta vs S&P 500 | -0.11 | 1.28 |
| Max drawdown (3Y) | -36.5% | -22.8% |
| Market cap | $1.5B | – |
| P/E (trailing) | 44.2 | – |
| 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 | DMC | QQQ |
|---|---|---|
| 2022 | -3.0% | -32.6% |
| 2023 | +3.1% | +54.9% |
| 2024 | +31.3% | +25.6% |
| 2025 | +11.1% | +20.8% |
| 2026 | -9.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between DMC and QQQ?
As of 2026-08-27, the correlation of weekly returns between DMC and QQQ is -0.13 over 3 years, -0.10 over 1 year and 0.06 over 5 years.
Is QQQ a good diversifier for DMC?
By historical standards, yes. A correlation of -0.13 means the two rarely move for the same reasons.
What does a correlation of -0.13 mean?
A reading of -0.13 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/dmc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dmc-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DMC correlations · QQQ correlations
