DWTX vs QQQ: Correlation
How closely do Dogwood Therapeutics, Inc. (DWTX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.10, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DWTX and QQQ?
On 3 years of weekly data the DWTX/QQQ correlation comes out at 0.10, weak. Little has changed lately, as the 1-year reading of 0.00 lands near the 3-year figure. The 5-year figure is 0.11, and annualized covariance runs at 608.1 %².
By 3-year correlation, QQQ places #11 of the 18 assets tracked against DWTX. Correlation aside, the last 12 months split them widely, with QQQ ahead by 76.4 points (-50.1% versus +26.3%). Risk is not evenly split, since DWTX carries 16.1 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.
DWTX vs QQQ: side by side
| DWTX (Dogwood Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -50.1% | +26.3% |
| 5-year return | -98.2% | +95.4% |
| Volatility (ann.) | 314.7% | 19.6% |
| Beta vs S&P 500 | 2.56 | 1.28 |
| Max drawdown (3Y) | -95.6% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 1.2 | – |
| 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 | DWTX | QQQ |
|---|---|---|
| 2022 | -95.4% | -32.6% |
| 2023 | +143.6% | +54.9% |
| 2024 | -82.7% | +25.6% |
| 2025 | +67.1% | +20.8% |
| 2026 | -44.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DWTX and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.10 means the two rarely move for the same reasons.
FAQ
What is the correlation between DWTX and QQQ?
The DWTX/QQQ correlation stands at 0.10 on a 3-year window (1 year: 0.00, 5 years: 0.11), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DWTX?
By historical standards, yes. A correlation of 0.10 means the two rarely move for the same reasons.
What does a correlation of 0.10 mean?
A reading of 0.10 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: DWTX correlations · QQQ correlations
