DMRC vs QQQM: Correlation
Measured on weekly returns over the past three years, Digimarc Corporation (DMRC) and Invesco Nasdaq 100 ETF (QQQM) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMRC and QQQM?
Over the past 3 years, DMRC and QQQM moved with a correlation of 0.50, which is moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 737.8 %².
Among the 16 assets we track against DMRC, QQQM ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQM ahead by 52.5 points (-26.1% versus +26.4%). Note the risk asymmetry: DMRC runs 3.9 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.
DMRC vs QQQM: side by side
| DMRC (Digimarc Corporation) | QQQM (Invesco Nasdaq 100 ETF) | |
|---|---|---|
| 1-year return | -26.1% | +26.4% |
| 5-year return | -77.7% | +96.1% |
| Volatility (ann.) | 76.3% | 19.5% |
| Beta vs S&P 500 | 2.38 | 1.28 |
| Max drawdown (3Y) | -90.8% | -22.7% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.46% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $97.1B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQM is a Large Growth fund from Invesco: $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% trailing dividend yield.
Year-by-year returns
| Year | DMRC | QQQM |
|---|---|---|
| 2022 | -53.2% | -32.5% |
| 2023 | +95.3% | +55.0% |
| 2024 | +3.7% | +25.7% |
| 2025 | -82.5% | +20.9% |
| 2026 | -4.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMRC and QQQM good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DMRC and QQQM?
The DMRC/QQQM correlation stands at 0.50 on a 3-year window (1 year: 0.59, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is QQQM a good diversifier for DMRC?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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/dmrc-vs-qqqm.json
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Related comparisons
Hubs: DMRC correlations · QQQM correlations
