BB vs QQQ: Correlation
Measured on weekly returns over the past three years, BlackBerry Limited (BB) and Invesco QQQ Trust (QQQ) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BB and QQQ?
On 3 years of weekly data the BB/QQQ correlation comes out at 0.30, moderate. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 369.7 %².
Out of 11 assets tracked against BB, QQQ lands near the bottom at #7. Their recent paths diverged sharply: over the last 12 months BB outperformed by 98.4 percentage points (+124.7% for BB against +26.3% for QQQ). Risk is not evenly split, since BB carries 3.2 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.
BB vs QQQ: side by side
| BB (BlackBerry Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +124.7% | +26.3% |
| 5-year return | -22.8% | +95.4% |
| Volatility (ann.) | 63.0% | 19.6% |
| Beta vs S&P 500 | 1.29 | 1.28 |
| Max drawdown (3Y) | -62.3% | -22.8% |
| Market cap | $5.1B | – |
| P/E (trailing) | 78.6 | – |
| 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 | BB | QQQ |
|---|---|---|
| 2022 | -65.1% | -32.6% |
| 2023 | +8.6% | +54.9% |
| 2024 | +6.8% | +25.6% |
| 2025 | +0.3% | +20.8% |
| 2026 | +128.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BB and QQQ good diversifiers for each other?
Reasonably. At 0.30, BB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BB and QQQ?
The BB/QQQ correlation stands at 0.30 on a 3-year window (1 year: 0.31, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BB?
Reasonably. At 0.30, BB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BB correlations · QQQ correlations
