DSGX vs QQQ: Correlation
How closely do The Descartes Systems Group Inc. (DSGX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSGX and QQQ?
Over the past 3 years, DSGX and QQQ moved with a correlation of 0.38, which is moderate. The past 12 months show a weaker link (0.17) than the 3-year average (0.38). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 236.2 %².
By 3-year correlation, QQQ places #21 of the 26 assets tracked against DSGX. Correlation aside, the last 12 months split them widely, with QQQ ahead by 45.4 points (-19.1% versus +26.3%). Note the risk asymmetry: DSGX runs 1.6 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.
DSGX vs QQQ: side by side
| DSGX (The Descartes Systems Group Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -19.1% | +26.3% |
| 5-year return | +3.6% | +95.4% |
| Volatility (ann.) | 31.5% | 19.6% |
| Beta vs S&P 500 | 0.86 | 1.28 |
| Max drawdown (3Y) | -48.7% | -22.8% |
| Market cap | $6.9B | – |
| P/E (trailing) | 38.6 | – |
| 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 | DSGX | QQQ |
|---|---|---|
| 2022 | -15.8% | -32.6% |
| 2023 | +20.7% | +54.9% |
| 2024 | +35.1% | +25.6% |
| 2025 | -22.8% | +20.8% |
| 2026 | -8.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSGX and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DSGX and QQQ?
As of 2026-08-27, the correlation of weekly returns between DSGX and QQQ is 0.38 over 3 years, 0.17 over 1 year and 0.48 over 5 years.
Is QQQ a good diversifier for DSGX?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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.
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Related comparisons
Hubs: DSGX correlations · QQQ correlations
