BAH vs QQQ: Correlation
How closely do Booz Allen Hamilton Holding Corporation (BAH) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAH and QQQ?
Over the past 3 years, BAH and QQQ moved with a correlation of 0.22, which is weak. The past 12 months show a weaker link (0.11) than the 3-year average (0.22). Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 151.6 %².
QQQ is close to the least connected end of BAH's tracked universe, ranking #8 of 12. The last year tells two different stories: QQQ led by 56.7 percentage points, -30.4% for BAH against +26.3% for QQQ. Note the risk asymmetry: BAH runs 1.8 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.
BAH vs QQQ: side by side
| BAH (Booz Allen Hamilton Holding Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -30.4% | +26.3% |
| 5-year return | +1.1% | +95.4% |
| Volatility (ann.) | 35.2% | 19.6% |
| Beta vs S&P 500 | 0.58 | 1.28 |
| Max drawdown (3Y) | -66.6% | -22.8% |
| Market cap | $9.0B | – |
| P/E (trailing) | 11.7 | – |
| Dividend yield | 3.07% | 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 | BAH | QQQ |
|---|---|---|
| 2022 | +25.7% | -32.6% |
| 2023 | +24.5% | +54.9% |
| 2024 | +2.0% | +25.6% |
| 2025 | -33.0% | +20.8% |
| 2026 | -9.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAH and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BAH and QQQ?
As of 2026-08-27, the correlation of weekly returns between BAH and QQQ is 0.22 over 3 years, 0.11 over 1 year and 0.27 over 5 years.
Is QQQ a good diversifier for BAH?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.22 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/bah-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bah-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BAH correlations · QQQ correlations
