BDL vs QQQ: Correlation
How closely do Flanigan's Enterprises, Inc. (BDL) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.17, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDL and QQQ?
On 3 years of weekly data the BDL/QQQ correlation comes out at 0.17, weak. The link has tightened recently: the 1-year correlation (0.37) runs above the 3-year figure (0.17). The 5-year figure is 0.15, and annualized covariance runs at 129.6 %².
Among the 12 assets we track against BDL, QQQ ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BDL ahead by 37.6 points (+63.9% versus +26.3%). Note the risk asymmetry: BDL runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BDL vs QQQ: side by side
| BDL (Flanigan's Enterprises, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +63.9% | +26.3% |
| 5-year return | +118.2% | +95.4% |
| Volatility (ann.) | 39.5% | 19.6% |
| Beta vs S&P 500 | 0.37 | 1.28 |
| Max drawdown (3Y) | -30.5% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 13.4 | – |
| Dividend yield | 1.16% | 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 | BDL | QQQ |
|---|---|---|
| 2022 | -13.7% | -32.6% |
| 2023 | +0.8% | +54.9% |
| 2024 | +0.0% | +25.6% |
| 2025 | +19.2% | +20.8% |
| 2026 | +64.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDL and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between BDL and QQQ?
As of 2026-08-27, the correlation of weekly returns between BDL and QQQ is 0.17 over 3 years, 0.37 over 1 year and 0.15 over 5 years.
Is QQQ a good diversifier for BDL?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
What does a correlation of 0.17 mean?
On the −1 to +1 scale, 0.17 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.
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Related comparisons
Hubs: BDL correlations · QQQ correlations
