DOCU vs QQQ: Correlation
DocuSign, Inc. (DOCU) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOCU and QQQ?
On 3 years of weekly data the DOCU/QQQ correlation comes out at 0.36, moderate. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. The 5-year figure is 0.54, and annualized covariance runs at 341.7 %².
Out of 13 assets tracked against DOCU, QQQ lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 40.9 percentage points (-14.6% for DOCU against +26.3% for QQQ). One caveat on sizing: DOCU is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DOCU vs QQQ: side by side
| DOCU (DocuSign, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -14.6% | +26.3% |
| 5-year return | -79.0% | +95.4% |
| Volatility (ann.) | 48.0% | 19.6% |
| Beta vs S&P 500 | 1.22 | 1.28 |
| Max drawdown (3Y) | -61.0% | -22.8% |
| Market cap | $12.2B | – |
| P/E (trailing) | 41.4 | – |
| 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 | DOCU | QQQ |
|---|---|---|
| 2022 | -63.6% | -32.6% |
| 2023 | +7.3% | +54.9% |
| 2024 | +51.3% | +25.6% |
| 2025 | -23.9% | +20.8% |
| 2026 | -6.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOCU and QQQ good diversifiers for each other?
Reasonably. At 0.36, DOCU and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DOCU and QQQ?
The DOCU/QQQ correlation stands at 0.36 on a 3-year window (1 year: 0.29, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DOCU?
Reasonably. At 0.36, DOCU and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/docu-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/docu-vs-qqq/)
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Related comparisons
Hubs: DOCU correlations · QQQ correlations
