DPZ vs QQQ: Correlation
Measured on weekly returns over the past three years, Domino's (DPZ) and Invesco QQQ Trust (QQQ) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DPZ and QQQ?
Over the past 3 years, DPZ and QQQ moved with a correlation of 0.27, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.04 versus 0.27 over 3 years. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 147.8 %².
Within DPZ's tracked universe of 31 assets, QQQ comes in at #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 51.5 points (-25.2% versus +26.3%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.04 to 0.54.
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.
DPZ vs QQQ: side by side
| DPZ (Domino's) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -25.2% | +26.3% |
| 5-year return | -31.2% | +95.4% |
| Volatility (ann.) | 27.8% | 19.6% |
| Beta vs S&P 500 | 0.67 | 1.28 |
| Max drawdown (3Y) | -45.1% | -22.8% |
| Market cap | $11.0B | – |
| P/E (trailing) | 19.5 | – |
| Dividend yield | 2.17% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Discretionary | 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 | DPZ | QQQ |
|---|---|---|
| 2022 | -37.9% | -32.6% |
| 2023 | +20.7% | +54.9% |
| 2024 | +3.2% | +25.6% |
| 2025 | +0.9% | +20.8% |
| 2026 | -19.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DPZ and QQQ good diversifiers for each other?
Reasonably. At 0.27, DPZ and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DPZ and QQQ?
The DPZ/QQQ correlation stands at 0.27 on a 3-year window (1 year: 0.04, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DPZ?
Reasonably. At 0.27, DPZ and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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/dpz-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dpz-vs-qqq/)
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Related comparisons
Hubs: DPZ correlations · QQQ correlations
