BBT vs QQQ: Correlation
Measured on weekly returns over the past three years, Beacon Financial Corporation (BBT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBT and QQQ?
On 3 years of weekly data the BBT/QQQ correlation comes out at 0.22, weak. The past 12 months show a weaker link (-0.05) than the 3-year average (0.22). The 5-year figure is 0.33, and annualized covariance runs at 125.8 %².
Out of 14 assets tracked against BBT, QQQ lands near the bottom at #11. Neither side won the trailing year by much: +24.4% against +26.3%.
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.
BBT vs QQQ: side by side
| BBT (Beacon Financial Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +24.4% | +26.3% |
| 5-year return | +46.9% | +95.4% |
| Volatility (ann.) | 29.2% | 19.6% |
| Beta vs S&P 500 | 0.73 | 1.28 |
| Max drawdown (3Y) | -26.4% | -22.8% |
| Market cap | $2.6B | – |
| P/E (trailing) | 10.3 | – |
| Dividend yield | 4.07% | 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 | BBT | QQQ |
|---|---|---|
| 2022 | +7.2% | -32.6% |
| 2023 | -14.3% | +54.9% |
| 2024 | +17.9% | +25.6% |
| 2025 | -4.2% | +20.8% |
| 2026 | +23.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBT and QQQ good diversifiers for each other?
Reasonably. At 0.22, BBT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BBT and QQQ?
The BBT/QQQ correlation stands at 0.22 on a 3-year window (1 year: -0.05, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BBT?
Reasonably. At 0.22, BBT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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
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Related comparisons
Hubs: BBT correlations · QQQ correlations
