BBW vs QQQ: Correlation
How closely do Build-A-Bear Workshop, Inc. (BBW) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.21, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBW and QQQ?
On 3 years of weekly data the BBW/QQQ correlation comes out at 0.21, weak. Lately the two have moved closer together, with the 1-year correlation at 0.34 versus 0.21 over 3 years. The 5-year figure is 0.23, and annualized covariance runs at 196.5 %².
Within BBW's tracked universe of 16 assets, QQQ comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 76.7 percentage points (-50.4% for BBW against +26.3% for QQQ). Risk is not evenly split, since BBW carries 2.5 times the volatility of the other side.
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.
BBW vs QQQ: side by side
| BBW (Build-A-Bear Workshop, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -50.4% | +26.3% |
| 5-year return | +86.4% | +95.4% |
| Volatility (ann.) | 48.4% | 19.6% |
| Beta vs S&P 500 | 0.89 | 1.28 |
| Max drawdown (3Y) | -61.7% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 9.1 | – |
| 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 | BBW | QQQ |
|---|---|---|
| 2022 | +22.1% | -32.6% |
| 2023 | +2.8% | +54.9% |
| 2024 | +105.6% | +25.6% |
| 2025 | +35.4% | +20.8% |
| 2026 | -53.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBW and QQQ good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BBW and QQQ?
As of 2026-08-27, the correlation of weekly returns between BBW and QQQ is 0.21 over 3 years, 0.34 over 1 year and 0.23 over 5 years.
Is QQQ a good diversifier for BBW?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bbw-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bbw-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBW correlations · QQQ correlations
