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BC vs QQQ: Correlation

How closely do Brunswick Corporation (BC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.38
moderate
Correlation (1Y)
0.27
last 12 months
Correlation (5Y)
0.45
long-run
Ann. covariance
263.8
%² · weekly, annualized

How correlated are BC and QQQ?

On 3 years of weekly data the BC/QQQ correlation comes out at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.27 versus 0.38 over 3 years. The 5-year figure is 0.45, and annualized covariance runs at 263.8 %².

Out of 58 assets tracked against BC, QQQ lands near the bottom at #55. Twelve-month performance is nearly a tie, at +21.7% for BC and +26.3% for QQQ. Risk is not evenly split, since BC carries 1.8 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.

BC vs QQQ: side by side

BC (Brunswick Corporation)QQQ (Invesco QQQ Trust)
1-year return+21.7%+26.3%
5-year return-15.3%+95.4%
Volatility (ann.)35.8%19.6%
Beta vs S&P 5001.221.28
Max drawdown (3Y)-56.5%-22.8%
Market cap$5.0B
P/E (trailing)
Dividend yield2.18%0.44%
Expense ratio0.18%
Assets under management$452.8B
Sector / categoryUS ListedETF · US Growth & Tech
Higher yield: BC 2.18% vs 0.44%Smaller drawdown: QQQ -22.8% vs -56.5%Higher 5y return: QQQ +95.4% vs -15.3%

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.

-12%0%+35%2025-09-052026-08-27
Twelve months of weekly closes, each series rebased to 100. BC · QQQ

Year-by-year returns

YearBCQQQ
2022-27.1%-32.6%
2023+36.9%+54.9%
2024-31.8%+25.6%
2025+18.1%+20.8%
2026+6.2%+17.7%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are BC and QQQ good diversifiers for each other?

Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.

FAQ

What is the correlation between BC and QQQ?

As of 2026-08-27, the correlation of weekly returns between BC and QQQ is 0.38 over 3 years, 0.27 over 1 year and 0.45 over 5 years.

Is QQQ a good diversifier for BC?

Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.

What does a correlation of 0.38 mean?

On the −1 to +1 scale, 0.38 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.

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BC vs QQQ: 3-year weekly correlation 0.38BC vs QQQ0.38

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Related comparisons

Hubs: BC correlations · QQQ correlations