DYN vs QQQ: Correlation
Measured on weekly returns over the past three years, Dyne Therapeutics, Inc. (DYN) and Invesco QQQ Trust (QQQ) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DYN and QQQ?
Over the past 3 years, DYN and QQQ moved with a correlation of 0.32, which is moderate. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 488.0 %².
Out of 13 assets tracked against DYN, QQQ lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with DYN ahead by 65.0 points (+91.3% versus +26.3%). Note the risk asymmetry: DYN runs 4.0 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.
DYN vs QQQ: side by side
| DYN (Dyne Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +91.3% | +26.3% |
| 5-year return | +58.2% | +95.4% |
| Volatility (ann.) | 78.6% | 19.6% |
| Beta vs S&P 500 | 1.95 | 1.28 |
| Max drawdown (3Y) | -85.5% | -22.8% |
| Market cap | $4.9B | – |
| 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 | DYN | QQQ |
|---|---|---|
| 2022 | -2.5% | -32.6% |
| 2023 | +14.8% | +54.9% |
| 2024 | +77.1% | +25.6% |
| 2025 | -17.0% | +20.8% |
| 2026 | +33.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DYN and QQQ good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DYN and QQQ?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.27 over the last year and 0.28 over 5 years.
Is QQQ a good diversifier for DYN?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/dyn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dyn-vs-qqq/)
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Related comparisons
Hubs: DYN correlations · QQQ correlations
