BATRA vs QQQ: Correlation
How closely do Atlanta Braves Holdings, Inc. - Series A (BATRA) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATRA and QQQ?
Over the past 3 years, BATRA and QQQ moved with a correlation of 0.28, which is weak. The past 12 months show a weaker link (0.16) than the 3-year average (0.28). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 102.2 %².
QQQ is close to the least connected end of BATRA's tracked universe, ranking #9 of 12. The trailing year gives QQQ the advantage: +17.9% versus +26.3%, a 8.4-point spread.
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.
BATRA vs QQQ: side by side
| BATRA (Atlanta Braves Holdings, Inc. - Series A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +17.9% | +26.3% |
| 5-year return | +113.7% | +95.4% |
| Volatility (ann.) | 18.8% | 19.6% |
| Beta vs S&P 500 | 0.46 | 1.28 |
| Max drawdown (3Y) | -16.6% | -22.8% |
| Market cap | $3.6B | – |
| 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 | BATRA | QQQ |
|---|---|---|
| 2022 | +13.6% | -32.6% |
| 2023 | +30.9% | +54.9% |
| 2024 | -4.6% | +25.6% |
| 2025 | +4.1% | +20.8% |
| 2026 | +31.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATRA and QQQ good diversifiers for each other?
Reasonably. At 0.28, BATRA and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BATRA and QQQ?
As of 2026-08-27, the correlation of weekly returns between BATRA and QQQ is 0.28 over 3 years, 0.16 over 1 year and 0.31 over 5 years.
Is QQQ a good diversifier for BATRA?
Reasonably. At 0.28, BATRA and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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/batra-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/batra-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BATRA correlations · QQQ correlations
