DRCT vs QQQ: Correlation
How closely do Direct Digital Holdings, Inc. (DRCT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.08, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRCT and QQQ?
Over the past 3 years, DRCT and QQQ moved with a correlation of 0.08, which is near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.13 over 1 year against 0.08 over 3. Over 5 years the correlation is 0.11, and the annualized covariance of weekly returns is 410.5 %².
Among the 15 assets we track against DRCT, QQQ sits near the bottom by co-movement, at rank #11. The last year tells two different stories: QQQ led by 123.9 percentage points, -97.6% for DRCT against +26.3% for QQQ. Risk is not evenly split, since DRCT carries 13.5 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.
DRCT vs QQQ: side by side
| DRCT (Direct Digital Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -97.6% | +26.3% |
| 5-year return | -99.7% | +95.4% |
| Volatility (ann.) | 263.7% | 19.6% |
| Beta vs S&P 500 | 1.38 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | – | – |
| 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 | DRCT | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +513.6% | +54.9% |
| 2024 | -89.3% | +25.6% |
| 2025 | -96.0% | +20.8% |
| 2026 | -83.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRCT and QQQ good diversifiers for each other?
Yes. With a correlation of 0.08, DRCT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DRCT and QQQ?
The DRCT/QQQ correlation stands at 0.08 on a 3-year window (1 year: 0.13, 5 years: 0.11), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DRCT?
Yes. With a correlation of 0.08, DRCT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.08 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: DRCT correlations · QQQ correlations
