DSY vs QQQ: Correlation
How closely do Big Tree Cloud Holdings Limited - Class A (DSY) 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 DSY and QQQ?
Across a 3-year window, the weekly returns of DSY and QQQ correlate at 0.15, weak. The relationship has been stable: the 1-year correlation (0.21) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 506.6 %².
Out of 10 assets tracked against DSY, QQQ lands near the bottom at #6. Correlation aside, the last 12 months split them widely, with QQQ ahead by 108.1 points (-81.8% versus +26.3%). Risk is not evenly split, since DSY carries 8.6 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.
DSY vs QQQ: side by side
| DSY (Big Tree Cloud Holdings Limited - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -81.8% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 168.9% | 19.6% |
| Beta vs S&P 500 | 1.72 | 1.28 |
| Max drawdown (3Y) | -99.2% | -22.8% |
| Market cap | – | – |
| 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 | DSY | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -70.4% | +25.6% |
| 2025 | -91.3% | +20.8% |
| 2026 | -28.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSY and QQQ good diversifiers for each other?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DSY and QQQ?
As of 2026-08-27, the correlation of weekly returns between DSY and QQQ is 0.15 over 3 years, 0.21 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for DSY?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
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
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Related comparisons
Hubs: DSY correlations · QQQ correlations
