BBUC vs QQQ: Correlation
Measured on weekly returns over the past three years, Brookfield Business Corporation Class A Subordinate Voting (BBUC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBUC and QQQ?
Across a 3-year window, the weekly returns of BBUC and QQQ correlate at 0.38, moderate. The link has loosened recently: the 1-year correlation (0.21) runs below the 3-year figure (0.38). Stretching to 5 years gives 0.45, with an annualized covariance of 310.8 %².
Out of 13 assets tracked against BBUC, QQQ lands near the bottom at #10. The last year tells two different stories: QQQ led by 45.6 percentage points, -19.3% for BBUC against +26.3% for QQQ. Note the risk asymmetry: BBUC runs 2.1 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.
BBUC vs QQQ: side by side
| BBUC (Brookfield Business Corporation Class A Subordinate Voting) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -19.3% | +26.3% |
| 5-year return | -20.8% | +95.4% |
| Volatility (ann.) | 41.8% | 19.6% |
| Beta vs S&P 500 | 1.45 | 1.28 |
| Max drawdown (3Y) | -29.3% | -22.8% |
| Market cap | $5.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.89% | 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 | BBUC | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +25.6% | +54.9% |
| 2024 | +5.4% | +25.6% |
| 2025 | +48.8% | +20.8% |
| 2026 | -21.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBUC and QQQ good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BBUC and QQQ?
The BBUC/QQQ correlation stands at 0.38 on a 3-year window (1 year: 0.21, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BBUC?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bbuc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bbuc-vs-qqq/)
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Related comparisons
Hubs: BBUC correlations · QQQ correlations
