BDTX vs QQQ: Correlation
How closely do Black Diamond Therapeutics, Inc. (BDTX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDTX and QQQ?
Across a 3-year window, the weekly returns of BDTX and QQQ correlate at 0.33, moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. Stretching to 5 years gives 0.30, with an annualized covariance of 543.5 %².
Out of 11 assets tracked against BDTX, QQQ lands near the bottom at #8. The last year tells two different stories: QQQ led by 47.2 percentage points, -20.9% for BDTX against +26.3% for QQQ. Note the risk asymmetry: BDTX runs 4.3 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.
BDTX vs QQQ: side by side
| BDTX (Black Diamond Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -20.9% | +26.3% |
| 5-year return | -77.0% | +95.4% |
| Volatility (ann.) | 83.4% | 19.6% |
| Beta vs S&P 500 | 2.26 | 1.28 |
| Max drawdown (3Y) | -83.1% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| 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 | BDTX | QQQ |
|---|---|---|
| 2022 | -66.2% | -32.6% |
| 2023 | +56.1% | +54.9% |
| 2024 | -23.8% | +25.6% |
| 2025 | +13.6% | +20.8% |
| 2026 | -6.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDTX and QQQ good diversifiers for each other?
Reasonably. At 0.33, BDTX and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BDTX and QQQ?
The BDTX/QQQ correlation stands at 0.33 on a 3-year window (1 year: 0.35, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BDTX?
Reasonably. At 0.33, BDTX and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bdtx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bdtx-vs-qqq/)
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Related comparisons
Hubs: BDTX correlations · QQQ correlations
