BALL vs QQQ: Correlation
How closely do Ball Corporation (BALL) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.08, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BALL and QQQ?
Over the past 3 years, BALL and QQQ moved with a correlation of 0.08, which is near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.16) runs below the 3-year figure (0.08). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 44.2 %².
Within BALL's tracked universe of 41 assets, QQQ comes in at #31 by 3-year correlation. Neither side won the trailing year by much: +22.9% against +26.3%. The relationship is regime-dependent: the rolling one-year correlation swung between -0.14 and 0.55 over the past three years, so this pair behaves very differently depending on the market environment.
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.
BALL vs QQQ: side by side
| BALL (Ball Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +22.9% | +26.3% |
| 5-year return | -29.3% | +95.4% |
| Volatility (ann.) | 26.9% | 19.6% |
| Beta vs S&P 500 | 0.43 | 1.28 |
| Max drawdown (3Y) | -35.6% | -22.8% |
| Market cap | $16.8B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 1.25% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Materials | 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 | BALL | QQQ |
|---|---|---|
| 2022 | -46.2% | -32.6% |
| 2023 | +14.1% | +54.9% |
| 2024 | -3.0% | +25.6% |
| 2025 | -2.4% | +20.8% |
| 2026 | +20.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BALL and QQQ good diversifiers for each other?
Yes. With a correlation of 0.08, BALL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BALL and QQQ?
Using weekly returns as of 2026-08-27: 0.08 over 3 years, with -0.16 over the last year and 0.31 over 5 years.
Is QQQ a good diversifier for BALL?
Yes. With a correlation of 0.08, BALL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.08 mean?
A reading of 0.08 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/ball-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ball-vs-qqq/)
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Related comparisons
Hubs: BALL correlations · QQQ correlations
