DOO vs QQQ: Correlation
Measured on weekly returns over the past three years, BRP Inc. - Common Subordinate Voting Shares (DOO) and Invesco QQQ Trust (QQQ) carry a correlation of 0.18, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOO and QQQ?
Across a 3-year window, the weekly returns of DOO and QQQ correlate at 0.18, weak. The past 12 months show a weaker link (-0.11) than the 3-year average (0.18). Stretching to 5 years gives 0.38, with an annualized covariance of 144.7 %².
Among the 11 assets we track against DOO, QQQ sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 16.3 percentage points (+10.0% for DOO against +26.3% for QQQ). Risk is not evenly split, since DOO carries 2.1 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.
DOO vs QQQ: side by side
| DOO (BRP Inc. - Common Subordinate Voting Shares) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +10.0% | +26.3% |
| 5-year return | -24.2% | +95.4% |
| Volatility (ann.) | 41.6% | 19.6% |
| Beta vs S&P 500 | 0.66 | 1.28 |
| Max drawdown (3Y) | -58.9% | -22.8% |
| Market cap | $4.6B | – |
| P/E (trailing) | 20.0 | – |
| Dividend yield | 1.49% | 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 | DOO | QQQ |
|---|---|---|
| 2022 | -12.3% | -32.6% |
| 2023 | -5.4% | +54.9% |
| 2024 | -28.3% | +25.6% |
| 2025 | +40.8% | +20.8% |
| 2026 | -11.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOO and QQQ good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DOO and QQQ?
Using weekly returns as of 2026-08-27: 0.18 over 3 years, with -0.11 over the last year and 0.38 over 5 years.
Is QQQ a good diversifier for DOO?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 mean?
On the −1 to +1 scale, 0.18 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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[](https://www.pairbook.io/pair/doo-vs-qqq/)
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Related comparisons
Hubs: DOO correlations · QQQ correlations
