BBVA vs QQQ: Correlation
Measured on weekly returns over the past three years, Banco Bilbao Vizcaya Argentaria S.A. (BBVA) and Invesco QQQ Trust (QQQ) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBVA and QQQ?
Over the past 3 years, BBVA and QQQ moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 213.9 %².
Among the 12 assets we track against BBVA, QQQ ranks #7 by 3-year correlation. The last year tells two different stories: BBVA led by 41.5 percentage points, +67.8% for BBVA against +26.3% for QQQ. One caveat on sizing: BBVA is 1.5 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.
BBVA vs QQQ: side by side
| BBVA (Banco Bilbao Vizcaya Argentaria S.A.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +67.8% | +26.3% |
| 5-year return | +503.8% | +95.4% |
| Volatility (ann.) | 29.9% | 19.6% |
| Beta vs S&P 500 | 0.88 | 1.28 |
| Max drawdown (3Y) | -22.1% | -22.8% |
| Market cap | $158.3B | – |
| P/E (trailing) | 13.2 | – |
| Dividend yield | 2.07% | 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 | BBVA | QQQ |
|---|---|---|
| 2022 | +10.1% | -32.6% |
| 2023 | +62.5% | +54.9% |
| 2024 | +14.2% | +25.6% |
| 2025 | +154.0% | +20.8% |
| 2026 | +26.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBVA and QQQ good diversifiers for each other?
Reasonably. At 0.37, BBVA and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BBVA and QQQ?
The BBVA/QQQ correlation stands at 0.37 on a 3-year window (1 year: 0.46, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BBVA?
Reasonably. At 0.37, BBVA and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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: BBVA correlations · QQQ correlations
