DPRO vs QQQ: Correlation
Draganfly Inc. (DPRO) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPRO and QQQ?
On 3 years of weekly data the DPRO/QQQ correlation comes out at 0.27, weak. The link has tightened recently: the 1-year correlation (0.44) runs above the 3-year figure (0.27). The 5-year figure is 0.27, and annualized covariance runs at 634.0 %².
Out of 12 assets tracked against DPRO, QQQ lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with QQQ ahead by 31.5 points (-5.2% versus +26.3%). Note the risk asymmetry: DPRO runs 6.1 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.
DPRO vs QQQ: side by side
| DPRO (Draganfly Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -5.2% | +26.3% |
| 5-year return | -93.9% | +95.4% |
| Volatility (ann.) | 118.7% | 19.6% |
| Beta vs S&P 500 | 2.21 | 1.28 |
| Max drawdown (3Y) | -92.7% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| 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 | DPRO | QQQ |
|---|---|---|
| 2022 | -54.0% | -32.6% |
| 2023 | -36.0% | +54.9% |
| 2024 | -66.6% | +25.6% |
| 2025 | +72.3% | +20.8% |
| 2026 | -36.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPRO and QQQ good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DPRO and QQQ?
The DPRO/QQQ correlation stands at 0.27 on a 3-year window (1 year: 0.44, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DPRO?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 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
$ curl https://www.pairbook.io/api/v1/pairs/dpro-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dpro-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DPRO correlations · QQQ correlations
