BEAM vs QQQ: Correlation
Measured on weekly returns over the past three years, Beam Therapeutics Inc. (BEAM) and Invesco QQQ Trust (QQQ) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEAM and QQQ?
Over the past 3 years, BEAM and QQQ moved with a correlation of 0.44, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.44 over 3. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 626.1 %².
By 3-year correlation, QQQ places #12 of the 20 assets tracked against BEAM. The last year tells two different stories: BEAM led by 54.5 percentage points, +80.8% for BEAM against +26.3% for QQQ. One caveat on sizing: BEAM is 3.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BEAM vs QQQ: side by side
| BEAM (Beam Therapeutics Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +80.8% | +26.3% |
| 5-year return | -71.5% | +95.4% |
| Volatility (ann.) | 72.6% | 19.6% |
| Beta vs S&P 500 | 2.39 | 1.28 |
| Max drawdown (3Y) | -67.7% | -22.8% |
| Market cap | $3.1B | – |
| 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 | BEAM | QQQ |
|---|---|---|
| 2022 | -50.9% | -32.6% |
| 2023 | -30.4% | +54.9% |
| 2024 | -8.9% | +25.6% |
| 2025 | +11.8% | +20.8% |
| 2026 | +10.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEAM and QQQ good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BEAM and QQQ?
As of 2026-08-27, the correlation of weekly returns between BEAM and QQQ is 0.44 over 3 years, 0.49 over 1 year and 0.48 over 5 years.
Is QQQ a good diversifier for BEAM?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/beam-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/beam-vs-qqq/)
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Related comparisons
Hubs: BEAM correlations · QQQ correlations
