BAC vs QQQ: Correlation
Bank of America (BAC) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAC and QQQ?
On 3 years of weekly data the BAC/QQQ correlation comes out at 0.45, moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.45). The 5-year figure is 0.47, and annualized covariance runs at 231.4 %².
By 3-year correlation, QQQ places #35 of the 45 assets tracked against BAC. Twelve-month performance is nearly a tie, at +24.1% for BAC and +26.3% for QQQ. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.17 to 0.72.
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.
BAC vs QQQ: side by side
| BAC (Bank of America) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +24.1% | +26.3% |
| 5-year return | +66.0% | +95.4% |
| Volatility (ann.) | 26.5% | 19.6% |
| Beta vs S&P 500 | 1.11 | 1.28 |
| Max drawdown (3Y) | -27.5% | -22.8% |
| Market cap | $427.7B | – |
| P/E (trailing) | 14.1 | – |
| Dividend yield | 1.80% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | BAC | QQQ |
|---|---|---|
| 2022 | -23.8% | -32.6% |
| 2023 | +4.8% | +54.9% |
| 2024 | +33.9% | +25.6% |
| 2025 | +28.0% | +20.8% |
| 2026 | +12.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAC and QQQ good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BAC and QQQ?
The BAC/QQQ correlation stands at 0.45 on a 3-year window (1 year: 0.23, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BAC?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BAC correlations · QQQ correlations
