DSGN vs QQQ: Correlation
How closely do Design Therapeutics, Inc. (DSGN) 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 DSGN and QQQ?
Across a 3-year window, the weekly returns of DSGN and QQQ correlate at 0.21, weak. The relationship has been stable: the 1-year correlation (0.18) sits close to the 3-year figure. Stretching to 5 years gives 0.29, with an annualized covariance of 296.8 %².
QQQ is close to the least connected end of DSGN's tracked universe, ranking #8 of 11. Their recent paths diverged sharply: over the last 12 months DSGN outperformed by 162.0 percentage points (+188.3% for DSGN against +26.3% for QQQ). Risk is not evenly split, since DSGN carries 3.7 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.
DSGN vs QQQ: side by side
| DSGN (Design Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +188.3% | +26.3% |
| 5-year return | +0.7% | +95.4% |
| Volatility (ann.) | 72.7% | 19.6% |
| Beta vs S&P 500 | 1.35 | 1.28 |
| Max drawdown (3Y) | -62.8% | -22.8% |
| Market cap | $1.0B | – |
| 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 | DSGN | QQQ |
|---|---|---|
| 2022 | -52.1% | -32.6% |
| 2023 | -74.2% | +54.9% |
| 2024 | +132.8% | +25.6% |
| 2025 | +52.0% | +20.8% |
| 2026 | +62.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSGN and QQQ good diversifiers for each other?
Reasonably. At 0.21, DSGN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DSGN and QQQ?
As of 2026-08-27, the correlation of weekly returns between DSGN and QQQ is 0.21 over 3 years, 0.18 over 1 year and 0.29 over 5 years.
Is QQQ a good diversifier for DSGN?
Reasonably. At 0.21, DSGN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.21 mean?
A reading of 0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: DSGN correlations · QQQ correlations
