DTE vs QQQ: Correlation
DTE Energy (DTE) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.06.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTE and QQQ?
Over the past 3 years, DTE and QQQ moved with a correlation of -0.06, which is near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.24 versus -0.06 over 3 years. Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is -21.2 %².
Among the 44 assets we track against DTE, QQQ ranks #34 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 24.6 points (+1.7% versus +26.3%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.28 and 0.34 over the past three years, so this pair behaves very differently depending on the market environment.
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.
DTE vs QQQ: side by side
| DTE (DTE Energy) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1.7% | +26.3% |
| 5-year return | +33.3% | +95.4% |
| Volatility (ann.) | 17.1% | 19.6% |
| Beta vs S&P 500 | 0.07 | 1.28 |
| Max drawdown (3Y) | -12.4% | -22.8% |
| Market cap | $28.3B | – |
| P/E (trailing) | 21.8 | – |
| Dividend yield | 3.39% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Utilities | 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 | DTE | QQQ |
|---|---|---|
| 2022 | +1.2% | -32.6% |
| 2023 | -2.8% | +54.9% |
| 2024 | +13.5% | +25.6% |
| 2025 | +10.4% | +20.8% |
| 2026 | +7.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTE and QQQ good diversifiers for each other?
Yes: at -0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DTE and QQQ?
The DTE/QQQ correlation stands at -0.06 on a 3-year window (1 year: -0.24, 5 years: 0.15), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DTE?
Yes: at -0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.06 mean?
On the −1 to +1 scale, -0.06 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/dte-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dte-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DTE correlations · QQQ correlations
