BAK vs QQQ: Correlation
Braskem SA ADR (BAK) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAK and QQQ?
Over the past 3 years, BAK and QQQ moved with a correlation of 0.17, which is weak. The past 12 months show a weaker link (0.05) than the 3-year average (0.17). Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 212.3 %².
QQQ is close to the least connected end of BAK's tracked universe, ranking #8 of 11. The last year tells two different stories: QQQ led by 79.2 percentage points, -52.9% for BAK against +26.3% for QQQ. Note the risk asymmetry: BAK runs 3.2 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.
BAK vs QQQ: side by side
| BAK (Braskem SA ADR) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -52.9% | +26.3% |
| 5-year return | -91.9% | +95.4% |
| Volatility (ann.) | 63.5% | 19.6% |
| Beta vs S&P 500 | 0.83 | 1.28 |
| Max drawdown (3Y) | -86.4% | -22.8% |
| Market cap | $0.7B | – |
| 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 | BAK | QQQ |
|---|---|---|
| 2022 | -54.7% | -32.6% |
| 2023 | -4.1% | +54.9% |
| 2024 | -56.2% | +25.6% |
| 2025 | -23.6% | +20.8% |
| 2026 | -44.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAK and QQQ good diversifiers for each other?
Yes. With a correlation of 0.17, BAK and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BAK and QQQ?
The BAK/QQQ correlation stands at 0.17 on a 3-year window (1 year: 0.05, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BAK?
Yes. With a correlation of 0.17, BAK and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.17 mean?
A reading of 0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bak-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bak-vs-qqq/)
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Related comparisons
Hubs: BAK correlations · QQQ correlations
