DOC vs QQQ: Correlation
How closely do Healthpeak Properties (DOC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.19, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOC and QQQ?
Across a 3-year window, the weekly returns of DOC and QQQ correlate at 0.19, weak. Little has changed lately, as the 1-year reading of 0.09 lands near the 3-year figure. Stretching to 5 years gives 0.33, with an annualized covariance of 101.9 %².
Among the 35 assets we track against DOC, QQQ ranks #25 by 3-year correlation. Neither side won the trailing year by much: +26.7% against +26.3%. On a rolling one-year basis the correlation drifted between 0.05 and 0.54, a moderate band.
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.
DOC vs QQQ: side by side
| DOC (Healthpeak Properties) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +26.7% | +26.3% |
| 5-year return | -21.6% | +95.4% |
| Volatility (ann.) | 27.1% | 19.6% |
| Beta vs S&P 500 | 0.53 | 1.28 |
| Max drawdown (3Y) | -26.0% | -22.8% |
| Market cap | $15.0B | – |
| P/E (trailing) | 62.4 | – |
| Dividend yield | 5.65% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Real Estate | 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 | DOC | QQQ |
|---|---|---|
| 2022 | -27.5% | -32.6% |
| 2023 | -16.4% | +54.9% |
| 2024 | +8.8% | +25.6% |
| 2025 | -15.2% | +20.8% |
| 2026 | +37.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOC and QQQ good diversifiers for each other?
Yes. With a correlation of 0.19, DOC and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DOC and QQQ?
Using weekly returns as of 2026-08-27: 0.19 over 3 years, with 0.09 over the last year and 0.33 over 5 years.
Is QQQ a good diversifier for DOC?
Yes. With a correlation of 0.19, DOC and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.19 mean?
A reading of 0.19 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: DOC correlations · QQQ correlations
