BBWI vs QQQ: Correlation
Measured on weekly returns over the past three years, Bath & Body Works, Inc. (BBWI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBWI and QQQ?
Over the past 3 years, BBWI and QQQ moved with a correlation of 0.33, which is moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.33 over 3. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 330.6 %².
QQQ is close to the least connected end of BBWI's tracked universe, ranking #11 of 14. The last year tells two different stories: QQQ led by 64.6 percentage points, -38.3% for BBWI against +26.3% for QQQ. Note the risk asymmetry: BBWI runs 2.6 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.
BBWI vs QQQ: side by side
| BBWI (Bath & Body Works, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -38.3% | +26.3% |
| 5-year return | -69.3% | +95.4% |
| Volatility (ann.) | 50.5% | 19.6% |
| Beta vs S&P 500 | 1.37 | 1.28 |
| Max drawdown (3Y) | -70.0% | -22.8% |
| Market cap | $3.8B | – |
| P/E (trailing) | 5.0 | – |
| Dividend yield | 2.12% | 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 | BBWI | QQQ |
|---|---|---|
| 2022 | -38.4% | -32.6% |
| 2023 | +4.7% | +54.9% |
| 2024 | -8.3% | +25.6% |
| 2025 | -46.5% | +20.8% |
| 2026 | -4.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBWI and QQQ good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BBWI and QQQ?
As of 2026-08-27, the correlation of weekly returns between BBWI and QQQ is 0.33 over 3 years, 0.37 over 1 year and 0.39 over 5 years.
Is QQQ a good diversifier for BBWI?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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/bbwi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bbwi-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBWI correlations · QQQ correlations
