BAM vs QQQ: Correlation
Measured on weekly returns over the past three years, Brookfield Asset Management Inc Class A Limited Voting (BAM) and Invesco QQQ Trust (QQQ) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAM and QQQ?
Over the past 3 years, BAM and QQQ moved with a correlation of 0.62, which is strong. Recent behaviour matches the longer record: 0.55 over 1 year against 0.62 over 3. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 340.0 %².
By 3-year correlation, QQQ places #8 of the 19 assets tracked against BAM. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 36.9 percentage points (-10.6% for BAM against +26.3% for QQQ).
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.
BAM vs QQQ: side by side
| BAM (Brookfield Asset Management Inc Class A Limited Voting) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -10.6% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 28.2% | 19.6% |
| Beta vs S&P 500 | 1.35 | 1.28 |
| Max drawdown (3Y) | -30.4% | -22.8% |
| Market cap | $83.2B | – |
| P/E (trailing) | 29.9 | – |
| Dividend yield | 3.61% | 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 | BAM | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +45.6% | +54.9% |
| 2024 | +39.7% | +25.6% |
| 2025 | -0.2% | +20.8% |
| 2026 | +1.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAM and QQQ good diversifiers for each other?
To a limited degree. At 0.62 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 BAM and QQQ?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.55 over the last year and 0.59 over 5 years.
Is QQQ a good diversifier for BAM?
To a limited degree. At 0.62 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 0.62 mean?
On the −1 to +1 scale, 0.62 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bam-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bam-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BAM correlations · QQQ correlations
