DRVN vs QQQ: Correlation
How closely do Driven Brands Holdings Inc. (DRVN) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.15, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRVN and QQQ?
Across a 3-year window, the weekly returns of DRVN and QQQ correlate at 0.15, weak. Lately the two have drifted apart, with the 1-year correlation at 0.02 versus 0.15 over 3 years. Stretching to 5 years gives 0.30, with an annualized covariance of 127.5 %².
Out of 11 assets tracked against DRVN, QQQ lands near the bottom at #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 57.5 points (-31.2% versus +26.3%). Note the risk asymmetry: DRVN runs 2.2 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.
DRVN vs QQQ: side by side
| DRVN (Driven Brands Holdings Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -31.2% | +26.3% |
| 5-year return | -57.4% | +95.4% |
| Volatility (ann.) | 43.3% | 19.6% |
| Beta vs S&P 500 | 0.77 | 1.28 |
| Max drawdown (3Y) | -46.4% | -22.8% |
| Market cap | $2.1B | – |
| P/E (trailing) | 13.2 | – |
| 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 | DRVN | QQQ |
|---|---|---|
| 2022 | -18.8% | -32.6% |
| 2023 | -47.8% | +54.9% |
| 2024 | +13.2% | +25.6% |
| 2025 | -8.2% | +20.8% |
| 2026 | -14.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRVN and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between DRVN and QQQ?
As of 2026-08-27, the correlation of weekly returns between DRVN and QQQ is 0.15 over 3 years, 0.02 over 1 year and 0.30 over 5 years.
Is QQQ a good diversifier for DRVN?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
What does a correlation of 0.15 mean?
On the −1 to +1 scale, 0.15 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/drvn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/drvn-vs-qqq/)
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Related comparisons
Hubs: DRVN correlations · QQQ correlations
