DRS vs QQQ: Correlation
Leonardo DRS, Inc. (DRS) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRS and QQQ?
On 3 years of weekly data the DRS/QQQ correlation comes out at 0.32, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.32 over 3 years. The 5-year figure is 0.25, and annualized covariance runs at 235.1 %².
QQQ is close to the least connected end of DRS's tracked universe, ranking #11 of 14. Correlation aside, the last 12 months split them widely, with QQQ ahead by 32.9 points (-6.6% versus +26.3%). Note the risk asymmetry: DRS runs 1.9 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.
DRS vs QQQ: side by side
| DRS (Leonardo DRS, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -6.6% | +26.3% |
| 5-year return | +245.4% | +95.4% |
| Volatility (ann.) | 38.1% | 19.6% |
| Beta vs S&P 500 | 0.96 | 1.28 |
| Max drawdown (3Y) | -32.5% | -22.8% |
| Market cap | $10.4B | – |
| P/E (trailing) | 32.4 | – |
| Dividend yield | 0.93% | 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 | DRS | QQQ |
|---|---|---|
| 2022 | +35.7% | -32.6% |
| 2023 | +56.8% | +54.9% |
| 2024 | +61.2% | +25.6% |
| 2025 | +6.6% | +20.8% |
| 2026 | +14.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRS and QQQ good diversifiers for each other?
Reasonably. At 0.32, DRS and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DRS and QQQ?
The DRS/QQQ correlation stands at 0.32 on a 3-year window (1 year: 0.17, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DRS?
Reasonably. At 0.32, DRS and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/drs-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/drs-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DRS correlations · QQQ correlations
