BDJ vs QQQ: Correlation
Measured on weekly returns over the past three years, Blackrock Enhanced Equity Dividend Trust (BDJ) and Invesco QQQ Trust (QQQ) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDJ and QQQ?
Across a 3-year window, the weekly returns of BDJ and QQQ correlate at 0.55, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.55 over 3. Stretching to 5 years gives 0.59, with an annualized covariance of 161.2 %².
By 3-year correlation, QQQ places #9 of the 16 assets tracked against BDJ. Over the last 12 months QQQ came out ahead by 7.3 percentage points (+19.0% against +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.
BDJ vs QQQ: side by side
| BDJ (Blackrock Enhanced Equity Dividend Trust) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +19.0% | +26.3% |
| 5-year return | +53.5% | +95.4% |
| Volatility (ann.) | 15.1% | 19.6% |
| Beta vs S&P 500 | 0.72 | 1.28 |
| Max drawdown (3Y) | -14.4% | -22.8% |
| Market cap | $1.7B | – |
| P/E (trailing) | 6.2 | – |
| Dividend yield | 7.57% | 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 | BDJ | QQQ |
|---|---|---|
| 2022 | -1.7% | -32.6% |
| 2023 | -6.7% | +54.9% |
| 2024 | +16.8% | +25.6% |
| 2025 | +26.1% | +20.8% |
| 2026 | +8.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDJ and QQQ good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BDJ and QQQ?
As of 2026-08-27, the correlation of weekly returns between BDJ and QQQ is 0.55 over 3 years, 0.50 over 1 year and 0.59 over 5 years.
Is QQQ a good diversifier for BDJ?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/bdj-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bdj-vs-qqq/)
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Related comparisons
Hubs: BDJ correlations · QQQ correlations
