BCH vs QQQ: Correlation
Measured on weekly returns over the past three years, Banco De Chile (BCH) 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 BCH and QQQ?
On 3 years of weekly data the BCH/QQQ correlation comes out at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. The 5-year figure is 0.14, and annualized covariance runs at 159.6 %².
QQQ is close to the least connected end of BCH's tracked universe, ranking #12 of 15. The last year tells two different stories: BCH led by 29.1 percentage points, +55.4% for BCH 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.
BCH vs QQQ: side by side
| BCH (Banco De Chile) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +55.4% | +26.3% |
| 5-year return | +219.8% | +95.4% |
| Volatility (ann.) | 24.6% | 19.6% |
| Beta vs S&P 500 | 0.63 | 1.28 |
| Max drawdown (3Y) | -20.0% | -22.8% |
| Market cap | $21.0B | – |
| P/E (trailing) | 15.8 | – |
| 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 | BCH | QQQ |
|---|---|---|
| 2022 | +41.2% | -32.6% |
| 2023 | +23.4% | +54.9% |
| 2024 | +6.1% | +25.6% |
| 2025 | +81.2% | +20.8% |
| 2026 | +16.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCH and QQQ good diversifiers for each other?
Reasonably. At 0.33, BCH and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BCH and QQQ?
The BCH/QQQ correlation stands at 0.33 on a 3-year window (1 year: 0.28, 5 years: 0.14), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BCH?
Reasonably. At 0.33, BCH and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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
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Related comparisons
Hubs: BCH correlations · QQQ correlations
