BCML vs QQQ: Correlation
BayCom Corp (BCML) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCML and QQQ?
On 3 years of weekly data the BCML/QQQ correlation comes out at 0.22, weak. The link has loosened recently: the 1-year correlation (-0.05) runs below the 3-year figure (0.22). The 5-year figure is 0.18, and annualized covariance runs at 104.2 %².
QQQ is close to the least connected end of BCML's tracked universe, ranking #11 of 14. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 24.2 percentage points (+2.1% for BCML 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.
BCML vs QQQ: side by side
| BCML (BayCom Corp) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +2.1% | +26.3% |
| 5-year return | +92.9% | +95.4% |
| Volatility (ann.) | 24.7% | 19.6% |
| Beta vs S&P 500 | 0.55 | 1.28 |
| Max drawdown (3Y) | -19.7% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 25.0 | – |
| Dividend yield | 3.81% | 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 | BCML | QQQ |
|---|---|---|
| 2022 | +2.2% | -32.6% |
| 2023 | +26.9% | +54.9% |
| 2024 | +16.0% | +25.6% |
| 2025 | +13.0% | +20.8% |
| 2026 | +4.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCML and QQQ good diversifiers for each other?
Reasonably. At 0.22, BCML and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BCML and QQQ?
The BCML/QQQ correlation stands at 0.22 on a 3-year window (1 year: -0.05, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BCML?
Reasonably. At 0.22, BCML and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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/bcml-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bcml-vs-qqq/)
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Related comparisons
Hubs: BCML correlations · QQQ correlations
