BANL vs QQQ: Correlation
CBL International Limited - Class B (BANL) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.05.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANL and QQQ?
Across a 3-year window, the weekly returns of BANL and QQQ correlate at -0.05, near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.13 over 1 year against -0.05 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -704.3 %².
Out of 10 assets tracked against BANL, QQQ lands near the bottom at #7. Correlation aside, the last 12 months split them widely, with BANL ahead by 1964.2 points (+1990.5% versus +26.3%). One caveat on sizing: BANL is 39.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BANL vs QQQ: side by side
| BANL (CBL International Limited - Class B) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1990.5% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 767.2% | 19.6% |
| Beta vs S&P 500 | -1.45 | 1.28 |
| Max drawdown (3Y) | -85.8% | -22.8% |
| Market cap | – | – |
| 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 | BANL | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -31.3% | +25.6% |
| 2025 | -55.9% | +20.8% |
| 2026 | +2911.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANL and QQQ good diversifiers for each other?
Yes. With a correlation of -0.05, BANL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BANL and QQQ?
As of 2026-08-27, the correlation of weekly returns between BANL and QQQ is -0.05 over 3 years, -0.13 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for BANL?
Yes. With a correlation of -0.05, BANL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.05 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/banl-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/banl-vs-qqq/)
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Related comparisons
Hubs: BANL correlations · QQQ correlations
