BCPC vs QQQ: Correlation
Balchem Corporation (BCPC) 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 BCPC and QQQ?
Across a 3-year window, the weekly returns of BCPC and QQQ correlate at 0.26, weak. Lately the two have drifted apart, with the 1-year correlation at 0.02 versus 0.26 over 3 years. Stretching to 5 years gives 0.42, with an annualized covariance of 117.6 %².
Out of 14 assets tracked against BCPC, QQQ lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with QQQ ahead by 16.7 points (+9.6% versus +26.3%).
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.
BCPC vs QQQ: side by side
| BCPC (Balchem Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +9.6% | +26.3% |
| 5-year return | +31.0% | +95.4% |
| Volatility (ann.) | 22.7% | 19.6% |
| Beta vs S&P 500 | 0.57 | 1.28 |
| Max drawdown (3Y) | -23.1% | -22.8% |
| Market cap | $5.7B | – |
| P/E (trailing) | 35.4 | – |
| Dividend yield | 0.53% | 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 | BCPC | QQQ |
|---|---|---|
| 2022 | -27.1% | -32.6% |
| 2023 | +22.5% | +54.9% |
| 2024 | +10.2% | +25.6% |
| 2025 | -5.3% | +20.8% |
| 2026 | +16.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCPC and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BCPC and QQQ?
The BCPC/QQQ correlation stands at 0.26 on a 3-year window (1 year: 0.02, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BCPC?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 mean?
On the −1 to +1 scale, 0.26 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
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Related comparisons
Hubs: BCPC correlations · QQQ correlations
