DTM vs QQQ: Correlation
Measured on weekly returns over the past three years, DT Midstream, Inc. (DTM) and Invesco QQQ Trust (QQQ) carry a correlation of 0.17, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTM and QQQ?
Across a 3-year window, the weekly returns of DTM and QQQ correlate at 0.17, weak. The past 12 months show a weaker link (-0.16) than the 3-year average (0.17). Stretching to 5 years gives 0.22, with an annualized covariance of 80.5 %².
Within DTM's tracked universe of 17 assets, QQQ comes in at #12 by 3-year correlation. The trailing year gives DTM the advantage: +32.9% versus +26.3%, a 6.6-point spread.
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.
DTM vs QQQ: side by side
| DTM (DT Midstream, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +32.9% | +26.3% |
| 5-year return | +248.3% | +95.4% |
| Volatility (ann.) | 23.9% | 19.6% |
| Beta vs S&P 500 | 0.42 | 1.28 |
| Max drawdown (3Y) | -23.6% | -22.8% |
| Market cap | $13.4B | – |
| P/E (trailing) | 29.1 | – |
| Dividend yield | 2.57% | 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 | DTM | QQQ |
|---|---|---|
| 2022 | +20.7% | -32.6% |
| 2023 | +4.7% | +54.9% |
| 2024 | +88.9% | +25.6% |
| 2025 | +24.1% | +20.8% |
| 2026 | +11.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTM and QQQ good diversifiers for each other?
Yes. With a correlation of 0.17, DTM and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DTM and QQQ?
As of 2026-08-27, the correlation of weekly returns between DTM and QQQ is 0.17 over 3 years, -0.16 over 1 year and 0.22 over 5 years.
Is QQQ a good diversifier for DTM?
Yes. With a correlation of 0.17, DTM and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.17 mean?
On the −1 to +1 scale, 0.17 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/dtm-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dtm-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DTM correlations · QQQ correlations
