DUK vs QQQ: Correlation
Measured on weekly returns over the past three years, Duke Energy (DUK) and Invesco QQQ Trust (QQQ) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DUK and QQQ?
Over the past 3 years, DUK and QQQ moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. Over 5 years the correlation is 0.05, and the annualized covariance of weekly returns is -64.9 %².
Within DUK's tracked universe of 53 assets, QQQ comes in at #34 by 3-year correlation. The last year tells two different stories: QQQ led by 25.2 percentage points, +1.1% for DUK against +26.3% for QQQ. The relationship is regime-dependent: the rolling one-year correlation swung between -0.32 and 0.24 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.
DUK vs QQQ: side by side
| DUK (Duke Energy) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1.1% | +26.3% |
| 5-year return | +39.8% | +95.4% |
| Volatility (ann.) | 15.9% | 19.6% |
| Beta vs S&P 500 | -0.09 | 1.28 |
| Max drawdown (3Y) | -11.6% | -22.8% |
| Market cap | $94.2B | – |
| P/E (trailing) | 18.3 | – |
| Dividend yield | 3.49% | 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 | DUK | QQQ |
|---|---|---|
| 2022 | +2.0% | -32.6% |
| 2023 | -1.6% | +54.9% |
| 2024 | +15.6% | +25.6% |
| 2025 | +12.7% | +20.8% |
| 2026 | +5.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DUK and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between DUK and QQQ?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.28 over the last year and 0.05 over 5 years.
Is QQQ a good diversifier for DUK?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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/duk-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/duk-vs-qqq/)
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Related comparisons
Hubs: DUK correlations · QQQ correlations
