DSGR vs QQQ: Correlation
Measured on weekly returns over the past three years, Distribution Solutions Group, Inc. (DSGR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.16, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSGR and QQQ?
Over the past 3 years, DSGR and QQQ moved with a correlation of 0.16, which is weak. The past 12 months show a weaker link (-0.08) than the 3-year average (0.16). Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 142.5 %².
QQQ is close to the least connected end of DSGR's tracked universe, ranking #11 of 15. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 20.0 percentage points (+6.3% for DSGR against +26.3% for QQQ). Risk is not evenly split, since DSGR carries 2.3 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.
DSGR vs QQQ: side by side
| DSGR (Distribution Solutions Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +6.3% | +26.3% |
| 5-year return | +32.4% | +95.4% |
| Volatility (ann.) | 45.6% | 19.6% |
| Beta vs S&P 500 | 0.72 | 1.28 |
| Max drawdown (3Y) | -52.7% | -22.8% |
| Market cap | $1.6B | – |
| P/E (trailing) | 183.3 | – |
| 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 | DSGR | QQQ |
|---|---|---|
| 2022 | -32.7% | -32.6% |
| 2023 | +71.2% | +54.9% |
| 2024 | +9.0% | +25.6% |
| 2025 | -20.4% | +20.8% |
| 2026 | +27.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSGR and QQQ good diversifiers for each other?
Yes. With a correlation of 0.16, DSGR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DSGR and QQQ?
As of 2026-08-27, the correlation of weekly returns between DSGR and QQQ is 0.16 over 3 years, -0.08 over 1 year and 0.17 over 5 years.
Is QQQ a good diversifier for DSGR?
Yes. With a correlation of 0.16, DSGR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.16 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/dsgr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dsgr-vs-qqq/)
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Related comparisons
Hubs: DSGR correlations · QQQ correlations
