BAP vs QQQ: Correlation
Measured on weekly returns over the past three years, Credicorp Ltd. (BAP) 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 BAP and QQQ?
On 3 years of weekly data the BAP/QQQ correlation comes out at 0.28, weak. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. The 5-year figure is 0.28, and annualized covariance runs at 145.1 %².
Out of 11 assets tracked against BAP, QQQ lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months BAP outperformed by 28.6 percentage points (+54.9% for BAP 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.
BAP vs QQQ: side by side
| BAP (Credicorp Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +54.9% | +26.3% |
| 5-year return | +370.8% | +95.4% |
| Volatility (ann.) | 26.1% | 19.6% |
| Beta vs S&P 500 | 0.55 | 1.28 |
| Max drawdown (3Y) | -20.0% | -22.8% |
| Market cap | $29.6B | – |
| P/E (trailing) | 14.1 | – |
| Dividend yield | 13.07% | 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 | BAP | QQQ |
|---|---|---|
| 2022 | +14.6% | -32.6% |
| 2023 | +16.3% | +54.9% |
| 2024 | +31.4% | +25.6% |
| 2025 | +65.4% | +20.8% |
| 2026 | +36.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAP and QQQ good diversifiers for each other?
Reasonably. At 0.28, BAP and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BAP and QQQ?
The BAP/QQQ correlation stands at 0.28 on a 3-year window (1 year: 0.32, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BAP?
Reasonably. At 0.28, BAP and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 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/bap-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bap-vs-qqq/)
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Related comparisons
Hubs: BAP correlations · QQQ correlations
