DXR vs QQQ: Correlation
Measured on weekly returns over the past three years, Daxor Corporation - Closed End Fund (DXR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.11, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DXR and QQQ?
Over the past 3 years, DXR and QQQ moved with a correlation of 0.11, which is weak. Recent behaviour matches the longer record: 0.09 over 1 year against 0.11 over 3. Over 5 years the correlation is 0.05, and the annualized covariance of weekly returns is 81.6 %².
Among the 10 assets we track against DXR, QQQ sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 41.0 percentage points (-14.7% for DXR against +26.3% for QQQ). One caveat on sizing: DXR is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
DXR vs QQQ: side by side
| DXR (Daxor Corporation - Closed End Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -14.7% | +26.3% |
| 5-year return | +1.8% | +95.4% |
| Volatility (ann.) | 39.6% | 19.6% |
| Beta vs S&P 500 | 0.48 | 1.28 |
| Max drawdown (3Y) | -39.9% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 6.1 | – |
| 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 | DXR | QQQ |
|---|---|---|
| 2022 | -18.9% | -32.6% |
| 2023 | +4.8% | +54.9% |
| 2024 | -19.9% | +25.6% |
| 2025 | +91.8% | +20.8% |
| 2026 | -34.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DXR and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
FAQ
What is the correlation between DXR and QQQ?
The DXR/QQQ correlation stands at 0.11 on a 3-year window (1 year: 0.09, 5 years: 0.05), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for DXR?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
What does a correlation of 0.11 mean?
On the −1 to +1 scale, 0.11 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/dxr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dxr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DXR correlations · QQQ correlations
