BAND vs QQQ: Correlation
Measured on weekly returns over the past three years, Bandwidth Inc. (BAND) and Invesco QQQ Trust (QQQ) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAND and QQQ?
On 3 years of weekly data the BAND/QQQ correlation comes out at 0.28, weak. Recent behaviour matches the longer record: 0.27 over 1 year against 0.28 over 3. The 5-year figure is 0.37, and annualized covariance runs at 512.3 %².
Out of 15 assets tracked against BAND, QQQ lands near the bottom at #12. The last year tells two different stories: BAND led by 222.9 percentage points, +249.2% for BAND against +26.3% for QQQ. Risk is not evenly split, since BAND carries 4.7 times the volatility of the other side.
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.
BAND vs QQQ: side by side
| BAND (Bandwidth Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +249.2% | +26.3% |
| 5-year return | -50.5% | +95.4% |
| Volatility (ann.) | 93.1% | 19.6% |
| Beta vs S&P 500 | 1.91 | 1.28 |
| Max drawdown (3Y) | -52.9% | -22.8% |
| Market cap | $1.7B | – |
| 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 | BAND | QQQ |
|---|---|---|
| 2022 | -68.0% | -32.6% |
| 2023 | -36.9% | +54.9% |
| 2024 | +17.6% | +25.6% |
| 2025 | -9.2% | +20.8% |
| 2026 | +235.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAND and QQQ good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BAND and QQQ?
As of 2026-08-27, the correlation of weekly returns between BAND and QQQ is 0.28 over 3 years, 0.27 over 1 year and 0.37 over 5 years.
Is QQQ a good diversifier for BAND?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 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/band-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/band-vs-qqq/)
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Related comparisons
Hubs: BAND correlations · QQQ correlations
