BCAL vs QQQ: Correlation
California BanCorp (BCAL) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCAL and QQQ?
On 3 years of weekly data the BCAL/QQQ correlation comes out at 0.34, moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.34). The 5-year figure is 0.22, and annualized covariance runs at 174.5 %².
Out of 13 assets tracked against BCAL, QQQ lands near the bottom at #10. Their 12-month results are close: +28.0% for BCAL against +26.3% for QQQ.
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.
BCAL vs QQQ: side by side
| BCAL (California BanCorp) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +28.0% | +26.3% |
| 5-year return | +52.2% | +95.4% |
| Volatility (ann.) | 26.5% | 19.6% |
| Beta vs S&P 500 | 0.82 | 1.28 |
| Max drawdown (3Y) | -32.3% | -22.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 1.40% | 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 | BCAL | QQQ |
|---|---|---|
| 2022 | +12.3% | -32.6% |
| 2023 | +3.1% | +54.9% |
| 2024 | -4.7% | +25.6% |
| 2025 | +13.5% | +20.8% |
| 2026 | +15.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCAL and QQQ good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BCAL and QQQ?
The BCAL/QQQ correlation stands at 0.34 on a 3-year window (1 year: 0.13, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BCAL?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
A reading of 0.34 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/bcal-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bcal-vs-qqq/)
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Related comparisons
Hubs: BCAL correlations · QQQ correlations
