BCX vs QQQ: Correlation
BlackRock Resources (BCX) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCX and QQQ?
Over the past 3 years, BCX and QQQ moved with a correlation of 0.30, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.16 versus 0.30 over 3 years. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 116.9 %².
QQQ is close to the least connected end of BCX's tracked universe, ranking #14 of 17. The last year tells two different stories: BCX led by 15.2 percentage points, +41.5% for BCX 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.
BCX vs QQQ: side by side
| BCX (BlackRock Resources) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +41.5% | +26.3% |
| 5-year return | +98.3% | +95.4% |
| Volatility (ann.) | 20.0% | 19.6% |
| Beta vs S&P 500 | 0.56 | 1.28 |
| Max drawdown (3Y) | -18.8% | -22.8% |
| Market cap | $1.0B | – |
| P/E (trailing) | 4.7 | – |
| 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 | BCX | QQQ |
|---|---|---|
| 2022 | +12.8% | -32.6% |
| 2023 | -4.8% | +54.9% |
| 2024 | +3.2% | +25.6% |
| 2025 | +40.4% | +20.8% |
| 2026 | +24.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCX and QQQ good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BCX and QQQ?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.16 over the last year and 0.29 over 5 years.
Is QQQ a good diversifier for BCX?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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/bcx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bcx-vs-qqq/)
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Related comparisons
Hubs: BCX correlations · QQQ correlations
