DXPE vs QQQ: Correlation
Measured on weekly returns over the past three years, DXP Enterprises, Inc. (DXPE) and Invesco QQQ Trust (QQQ) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXPE and QQQ?
On 3 years of weekly data the DXPE/QQQ correlation comes out at 0.33, moderate. Little has changed lately, as the 1-year reading of 0.23 lands near the 3-year figure. The 5-year figure is 0.26, and annualized covariance runs at 317.2 %².
Among the 12 assets we track against DXPE, QQQ sits near the bottom by co-movement, at rank #9. The last year tells two different stories: DXPE led by 29.0 percentage points, +55.3% for DXPE against +26.3% for QQQ. Risk is not evenly split, since DXPE carries 2.5 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.
DXPE vs QQQ: side by side
| DXPE (DXP Enterprises, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +55.3% | +26.3% |
| 5-year return | +542.5% | +95.4% |
| Volatility (ann.) | 49.8% | 19.6% |
| Beta vs S&P 500 | 1.41 | 1.28 |
| Max drawdown (3Y) | -33.0% | -22.8% |
| Market cap | $3.0B | – |
| P/E (trailing) | 33.5 | – |
| 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 | DXPE | QQQ |
|---|---|---|
| 2022 | +7.3% | -32.6% |
| 2023 | +22.3% | +54.9% |
| 2024 | +145.2% | +25.6% |
| 2025 | +32.9% | +20.8% |
| 2026 | +75.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXPE and QQQ good diversifiers for each other?
Reasonably. At 0.33, DXPE and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DXPE and QQQ?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.23 over the last year and 0.26 over 5 years.
Is QQQ a good diversifier for DXPE?
Reasonably. At 0.33, DXPE and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 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
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Related comparisons
Hubs: DXPE correlations · QQQ correlations
