DVA vs QQQ: Correlation
How closely do DaVita (DVA) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.06, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVA and QQQ?
Across a 3-year window, the weekly returns of DVA and QQQ correlate at 0.06, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.07) than the 3-year average (0.06). Stretching to 5 years gives 0.12, with an annualized covariance of 47.9 %².
By 3-year correlation, QQQ places #24 of the 38 assets tracked against DVA. Neither side won the trailing year by much: +30.0% against +26.3%. On a rolling one-year basis the correlation drifted between -0.16 and 0.33, a moderate band. Risk is not evenly split, since DVA carries 2.1 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.
DVA vs QQQ: side by side
| DVA (DaVita) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +30.0% | +26.3% |
| 5-year return | +36.4% | +95.4% |
| Volatility (ann.) | 40.9% | 19.6% |
| Beta vs S&P 500 | 0.38 | 1.28 |
| Max drawdown (3Y) | -41.4% | -22.8% |
| Market cap | $11.4B | – |
| P/E (trailing) | 15.3 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Health Care | 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 | DVA | QQQ |
|---|---|---|
| 2022 | -34.4% | -32.6% |
| 2023 | +40.3% | +54.9% |
| 2024 | +42.8% | +25.6% |
| 2025 | -24.0% | +20.8% |
| 2026 | +57.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVA 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 DVA and QQQ?
The DVA/QQQ correlation stands at 0.06 on a 3-year window (1 year: -0.07, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DVA?
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/dva-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dva-vs-qqq/)
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Related comparisons
Hubs: DVA correlations · QQQ correlations
