DXLG vs QQQ: Correlation
Measured on weekly returns over the past three years, Destination XL Group, Inc. (DXLG) and Invesco QQQ Trust (QQQ) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXLG and QQQ?
On 3 years of weekly data the DXLG/QQQ correlation comes out at 0.29, weak. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. The 5-year figure is 0.31, and annualized covariance runs at 339.2 %².
Out of 10 assets tracked against DXLG, QQQ lands near the bottom at #7. The last year tells two different stories: QQQ led by 78.9 percentage points, -52.6% for DXLG against +26.3% for QQQ. Note the risk asymmetry: DXLG runs 3.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
DXLG vs QQQ: side by side
| DXLG (Destination XL Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -52.6% | +26.3% |
| 5-year return | -88.2% | +95.4% |
| Volatility (ann.) | 60.4% | 19.6% |
| Beta vs S&P 500 | 1.31 | 1.28 |
| Max drawdown (3Y) | -90.8% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| 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 | DXLG | QQQ |
|---|---|---|
| 2022 | +18.8% | -32.6% |
| 2023 | -34.8% | +54.9% |
| 2024 | -38.9% | +25.6% |
| 2025 | -65.8% | +20.8% |
| 2026 | -32.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXLG and QQQ good diversifiers for each other?
Reasonably. At 0.29, DXLG and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DXLG and QQQ?
As of 2026-08-27, the correlation of weekly returns between DXLG and QQQ is 0.29 over 3 years, 0.35 over 1 year and 0.31 over 5 years.
Is QQQ a good diversifier for DXLG?
Reasonably. At 0.29, DXLG and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dxlg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dxlg-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DXLG correlations · QQQ correlations
