DRI vs QQQ: Correlation
How closely do Darden Restaurants (DRI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.21, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRI and QQQ?
Over the past 3 years, DRI and QQQ moved with a correlation of 0.21, which is weak. Little has changed lately, as the 1-year reading of 0.26 lands near the 3-year figure. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 101.8 %².
Among the 34 assets we track against DRI, QQQ ranks #24 by 3-year correlation. The last year tells two different stories: QQQ led by 20.7 percentage points, +5.6% for DRI against +26.3% for QQQ. The relationship is regime-dependent: the rolling one-year correlation swung between -0.02 and 0.50 over the past three years, so this pair behaves very differently depending on the market environment.
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.
DRI vs QQQ: side by side
| DRI (Darden Restaurants) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.6% | +26.3% |
| 5-year return | +66.1% | +95.4% |
| Volatility (ann.) | 25.2% | 19.6% |
| Beta vs S&P 500 | 0.52 | 1.28 |
| Max drawdown (3Y) | -23.9% | -22.8% |
| Market cap | $24.0B | – |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 2.74% | 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 | DRI | QQQ |
|---|---|---|
| 2022 | -4.8% | -32.6% |
| 2023 | +22.8% | +54.9% |
| 2024 | +17.7% | +25.6% |
| 2025 | +1.6% | +20.8% |
| 2026 | +17.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRI and QQQ good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DRI and QQQ?
The DRI/QQQ correlation stands at 0.21 on a 3-year window (1 year: 0.26, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DRI?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 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
$ curl https://www.pairbook.io/api/v1/pairs/dri-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dri-vs-qqq/)
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Related comparisons
Hubs: DRI correlations · QQQ correlations
