BBAR vs QQQ: Correlation
How closely do Banco BBVA Argentina S.A. (BBAR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.24, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBAR and QQQ?
On 3 years of weekly data the BBAR/QQQ correlation comes out at 0.24, weak. Little has changed lately, as the 1-year reading of 0.31 lands near the 3-year figure. The 5-year figure is 0.18, and annualized covariance runs at 323.9 %².
Among the 17 assets we track against BBAR, QQQ ranks #9 by 3-year correlation. The trailing year gives QQQ the advantage: +20.6% versus +26.3%, a 5.7-point spread. Note the risk asymmetry: BBAR runs 3.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BBAR vs QQQ: side by side
| BBAR (Banco BBVA Argentina S.A.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +20.6% | +26.3% |
| 5-year return | +356.0% | +95.4% |
| Volatility (ann.) | 70.3% | 19.6% |
| Beta vs S&P 500 | 1.06 | 1.28 |
| Max drawdown (3Y) | -66.3% | -22.8% |
| Market cap | $3.0B | – |
| P/E (trailing) | 15.9 | – |
| 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 | BBAR | QQQ |
|---|---|---|
| 2022 | +34.6% | -32.6% |
| 2023 | +47.3% | +54.9% |
| 2024 | +315.7% | +25.6% |
| 2025 | -5.2% | +20.8% |
| 2026 | -17.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBAR and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BBAR and QQQ?
As of 2026-08-27, the correlation of weekly returns between BBAR and QQQ is 0.24 over 3 years, 0.31 over 1 year and 0.18 over 5 years.
Is QQQ a good diversifier for BBAR?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
A reading of 0.24 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: BBAR correlations · QQQ correlations
