BBCP vs QQQ: Correlation
How closely do Concrete Pumping Holdings, Inc. (BBCP) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.16, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBCP and QQQ?
On 3 years of weekly data the BBCP/QQQ correlation comes out at 0.16, weak. The past 12 months show a weaker link (-0.07) than the 3-year average (0.16). The 5-year figure is 0.25, and annualized covariance runs at 145.6 %².
Out of 10 assets tracked against BBCP, QQQ lands near the bottom at #7. The trailing year gives BBCP the advantage: +32.3% versus +26.3%, a 6.0-point spread. One caveat on sizing: BBCP is 2.3 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.
BBCP vs QQQ: side by side
| BBCP (Concrete Pumping Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +32.3% | +26.3% |
| 5-year return | +27.3% | +95.4% |
| Volatility (ann.) | 45.9% | 19.6% |
| Beta vs S&P 500 | 0.71 | 1.28 |
| Max drawdown (3Y) | -43.2% | -22.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | 67.4 | – |
| 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 | BBCP | QQQ |
|---|---|---|
| 2022 | -28.7% | -32.6% |
| 2023 | +40.2% | +54.9% |
| 2024 | -18.8% | +25.6% |
| 2025 | +13.7% | +20.8% |
| 2026 | +40.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBCP and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between BBCP and QQQ?
The BBCP/QQQ correlation stands at 0.16 on a 3-year window (1 year: -0.07, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BBCP?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
What does a correlation of 0.16 mean?
On the −1 to +1 scale, 0.16 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bbcp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bbcp-vs-qqq/)
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Related comparisons
Hubs: BBCP correlations · QQQ correlations
