BCC vs QQQ: Correlation
How closely do Boise Cascade, L.L.C. (BCC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCC and QQQ?
Over the past 3 years, BCC and QQQ moved with a correlation of 0.30, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.06 versus 0.30 over 3 years. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 217.0 %².
Out of 24 assets tracked against BCC, QQQ lands near the bottom at #21. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 35.8 percentage points (-9.5% for BCC against +26.3% for QQQ). Risk is not evenly split, since BCC carries 1.9 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.
BCC vs QQQ: side by side
| BCC (Boise Cascade, L.L.C.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -9.5% | +26.3% |
| 5-year return | +71.4% | +95.4% |
| Volatility (ann.) | 36.4% | 19.6% |
| Beta vs S&P 500 | 0.99 | 1.28 |
| Max drawdown (3Y) | -56.5% | -22.8% |
| Market cap | $2.7B | – |
| P/E (trailing) | 27.1 | – |
| Dividend yield | 1.10% | 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 | BCC | QQQ |
|---|---|---|
| 2022 | +1.5% | -32.6% |
| 2023 | +106.6% | +54.9% |
| 2024 | -4.0% | +25.6% |
| 2025 | -37.5% | +20.8% |
| 2026 | +7.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCC and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BCC and QQQ?
As of 2026-08-27, the correlation of weekly returns between BCC and QQQ is 0.30 over 3 years, 0.06 over 1 year and 0.36 over 5 years.
Is QQQ a good diversifier for BCC?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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/bcc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bcc-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCC correlations · QQQ correlations
