DLB vs. QQQ
DLB (Dolby Laboratories, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, DLB returned 3.25%/yr vs 20.44%/yr for QQQ. Their 0.51 correlation means they have sometimes moved together and sometimes differently.
Performance
DLB vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, DLB achieves a -7.35% return, which is significantly lower than QQQ's 12.26% return. Over the past 10 years, DLB has underperformed QQQ with an annualized return of 3.25%, while QQQ has yielded a comparatively higher 20.44% annualized return.
DLB
- 1D
- 13.58%
- 1M
- 14.98%
- 6M
- -7.30%
- YTD
- -7.35%
- 1Y
- -14.25%
- 3Y*
- -11.32%
- 5Y*
- -8.13%
- 10Y*
- 3.25%
- ALL TIME*
- 5.82%
QQQ
- 1D
- 0.65%
- 1M
- -3.45%
- 6M
- 10.89%
- YTD
- 12.26%
- 1Y
- 24.81%
- 3Y*
- 22.29%
- 5Y*
- 14.23%
- 10Y*
- 20.44%
- ALL TIME*
- 10.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $52.16M | $49.74M | $49.49M | |
| $30.32B | $28.40B | $31.45B |
DLB vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLB Dolby Laboratories, Inc. | -7.35% | -16.27% | -7.95% | 23.82% | -24.90% | -0.99% | 42.99% | 12.63% | 0.78% | 38.73% |
QQQ Invesco QQQ ETF | 12.26% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between DLB and QQQ is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2005 | 0.51 |
Over the past year, the correlation between DLB and QQQ has dropped to 0.31 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
DLB vs. QQQ — Risk / Return Rank
DLB
QQQ
DLB vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dolby Laboratories, Inc. (DLB) and Invesco QQQ ETF (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DLB | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.21 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 1.88 | -2.46 |
| Martin ratioReturn relative to average drawdown | -1.13 | 6.00 | -7.12 |
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Drawdowns
DLB vs. QQQ - Drawdown Comparison
The maximum DLB drawdown since its inception was -62.19%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for DLB and QQQ.
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Drawdown Indicators
| DLB | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.19% | -82.97% | +20.78% |
Max Drawdown (1Y)Largest decline over 1 year | -34.75% | -11.96% | -22.79% |
Max Drawdown (3Y)Largest decline over 3 years | -43.20% | -22.77% | -20.43% |
Max Drawdown (5Y)Largest decline over 5 years | -48.66% | -35.12% | -13.54% |
Max Drawdown (10Y)Largest decline over 10 years | -49.24% | -35.12% | -14.12% |
Current DrawdownCurrent decline from peak | -38.46% | -7.69% | -30.77% |
Average DrawdownAverage peak-to-trough decline | -22.52% | -32.62% | +10.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.03% | 3.74% | +14.29% |
Volatility
DLB vs. QQQ - Volatility Comparison
Dolby Laboratories, Inc. (DLB) has a higher volatility of 15.09% compared to Invesco QQQ ETF (QQQ) at 6.87%. This indicates that DLB's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DLB | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.09% | 6.87% | +8.22% |
Volatility (6M)Calculated over the trailing 6-month period | 25.35% | 16.08% | +9.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.68% | 19.38% | +10.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.97% | 22.90% | +3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.03% | 22.50% | +4.53% |
Dividends
DLB vs. QQQ - Dividend Comparison
DLB's dividend yield for the trailing twelve months is around 2.40%, more than QQQ's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLB Dolby Laboratories, Inc. | 2.40% | 2.10% | 1.57% | 1.29% | 1.45% | 0.96% | 0.91% | 1.15% | 1.08% | 0.94% | 1.11% | 1.25% |
QQQ Invesco QQQ ETF | 0.44% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
DLB and QQQ have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DLB has higher volatility (15.09%) compared to QQQ (6.87%). In terms of maximum drawdown, DLB dropped -62.19% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.16 vs -0.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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