BCIC vs QQQ: Correlation
BCP Investment Corporation - Closed End Fund (BCIC) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCIC and QQQ?
On 3 years of weekly data the BCIC/QQQ correlation comes out at 0.26, weak. The link has tightened recently: the 1-year correlation (0.39) runs above the 3-year figure (0.26). The 5-year figure is 0.24, and annualized covariance runs at 115.6 %².
Out of 14 assets tracked against BCIC, QQQ lands near the bottom at #10. The last year tells two different stories: QQQ led by 53.3 percentage points, -27.0% for BCIC 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.
BCIC vs QQQ: side by side
| BCIC (BCP Investment Corporation - Closed End Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -27.0% | +26.3% |
| 5-year return | -38.0% | +95.4% |
| Volatility (ann.) | 22.8% | 19.6% |
| Beta vs S&P 500 | 0.53 | 1.28 |
| Max drawdown (3Y) | -52.7% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 17.34% | 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 | BCIC | QQQ |
|---|---|---|
| 2022 | +3.8% | -32.6% |
| 2023 | -9.0% | +54.9% |
| 2024 | +3.9% | +25.6% |
| 2025 | -15.8% | +20.8% |
| 2026 | -28.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCIC and QQQ good diversifiers for each other?
Reasonably. At 0.26, BCIC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BCIC and QQQ?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.39 over the last year and 0.24 over 5 years.
Is QQQ a good diversifier for BCIC?
Reasonably. At 0.26, BCIC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.26 mean?
A reading of 0.26 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: BCIC correlations · QQQ correlations
