DWSN vs QQQ: Correlation
Measured on weekly returns over the past three years, Dawson Geophysical Company (DWSN) and Invesco QQQ Trust (QQQ) carry a correlation of -0.02, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DWSN and QQQ?
On 3 years of weekly data the DWSN/QQQ correlation comes out at -0.02, near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.02 over 1 year against -0.02 over 3. The 5-year figure is 0.00, and annualized covariance runs at -35.9 %².
Among the 17 assets we track against DWSN, QQQ ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DWSN ahead by 67.2 points (+93.5% versus +26.3%). Risk is not evenly split, since DWSN carries 4.4 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.
DWSN vs QQQ: side by side
| DWSN (Dawson Geophysical Company) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +93.5% | +26.3% |
| 5-year return | +93.2% | +95.4% |
| Volatility (ann.) | 86.8% | 19.6% |
| Beta vs S&P 500 | -0.14 | 1.28 |
| Max drawdown (3Y) | -64.3% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 27.1 | – |
| 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 | DWSN | QQQ |
|---|---|---|
| 2022 | -15.5% | -32.6% |
| 2023 | -6.6% | +54.9% |
| 2024 | -14.2% | +25.6% |
| 2025 | +16.4% | +20.8% |
| 2026 | +108.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DWSN and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.02 means the two rarely move for the same reasons.
FAQ
What is the correlation between DWSN and QQQ?
As of 2026-08-27, the correlation of weekly returns between DWSN and QQQ is -0.02 over 3 years, -0.02 over 1 year and 0.00 over 5 years.
Is QQQ a good diversifier for DWSN?
By historical standards, yes. A correlation of -0.02 means the two rarely move for the same reasons.
What does a correlation of -0.02 mean?
On the −1 to +1 scale, -0.02 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.
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Related comparisons
Hubs: DWSN correlations · QQQ correlations
