BEAT vs QQQ: Correlation
How closely do Heartbeam, Inc. (BEAT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.02, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEAT and QQQ?
On 3 years of weekly data the BEAT/QQQ correlation comes out at 0.02, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of -0.03 lands near the 3-year figure. The 5-year figure is 0.02, and annualized covariance runs at 65.1 %².
Among the 16 assets we track against BEAT, QQQ ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 85.1 percentage points (-58.8% for BEAT against +26.3% for QQQ). Note the risk asymmetry: BEAT runs 7.8 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.
BEAT vs QQQ: side by side
| BEAT (Heartbeam, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -58.8% | +26.3% |
| 5-year return | -89.6% | +95.4% |
| Volatility (ann.) | 152.8% | 19.6% |
| Beta vs S&P 500 | 0.65 | 1.28 |
| Max drawdown (3Y) | -86.1% | -22.8% |
| Market cap | – | – |
| 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 | BEAT | QQQ |
|---|---|---|
| 2022 | +58.4% | -32.6% |
| 2023 | -51.8% | +54.9% |
| 2024 | -2.1% | +25.6% |
| 2025 | +4.3% | +20.8% |
| 2026 | -79.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEAT and QQQ good diversifiers for each other?
Yes. With a correlation of 0.02, BEAT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BEAT and QQQ?
Using weekly returns as of 2026-08-27: 0.02 over 3 years, with -0.03 over the last year and 0.02 over 5 years.
Is QQQ a good diversifier for BEAT?
Yes. With a correlation of 0.02, BEAT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.02 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/beat-vs-qqq.json
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[](https://www.pairbook.io/pair/beat-vs-qqq/)
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Related comparisons
Hubs: BEAT correlations · QQQ correlations
