BA vs QQQ: Correlation
Measured on weekly returns over the past three years, Boeing (BA) and Invesco QQQ Trust (QQQ) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BA and QQQ?
Over the past 3 years, BA and QQQ moved with a correlation of 0.53, which is moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 377.8 %².
Within BA's tracked universe of 37 assets, QQQ comes in at #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 37.2 points (-10.9% versus +26.3%). Across three years, the rolling one-year figure varied moderately, from 0.24 to 0.69. Risk is not evenly split, since BA carries 1.9 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.
BA vs QQQ: side by side
| BA (Boeing) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -10.9% | +26.3% |
| 5-year return | -3.6% | +95.4% |
| Volatility (ann.) | 36.4% | 19.6% |
| Beta vs S&P 500 | 1.43 | 1.28 |
| Max drawdown (3Y) | -48.3% | -22.8% |
| Market cap | $165.9B | – |
| P/E (trailing) | 76.3 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | 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 | BA | QQQ |
|---|---|---|
| 2022 | -5.4% | -32.6% |
| 2023 | +36.8% | +54.9% |
| 2024 | -32.1% | +25.6% |
| 2025 | +22.7% | +20.8% |
| 2026 | -3.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BA and QQQ good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BA and QQQ?
As of 2026-08-27, the correlation of weekly returns between BA and QQQ is 0.53 over 3 years, 0.51 over 1 year and 0.50 over 5 years.
Is QQQ a good diversifier for BA?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 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
$ curl https://www.pairbook.io/api/v1/pairs/ba-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ba-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BA correlations · QQQ correlations
