BEEP vs QQQ: Correlation
How closely do Mobile Infrastructure Corporation (BEEP) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.19, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEEP and QQQ?
Over the past 3 years, BEEP and QQQ moved with a correlation of 0.19, which is weak. Recent behaviour matches the longer record: 0.23 over 1 year against 0.19 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 253.9 %².
QQQ is close to the least connected end of BEEP's tracked universe, ranking #8 of 11. The last year tells two different stories: QQQ led by 47.6 percentage points, -21.3% for BEEP against +26.3% for QQQ. One caveat on sizing: BEEP is 3.6 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.
BEEP vs QQQ: side by side
| BEEP (Mobile Infrastructure Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -21.3% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 69.9% | 19.6% |
| Beta vs S&P 500 | 1.14 | 1.28 |
| Max drawdown (3Y) | -86.7% | -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 | BEEP | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | +11.1% | +25.6% |
| 2025 | -43.3% | +20.8% |
| 2026 | +17.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEEP and QQQ good diversifiers for each other?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BEEP and QQQ?
Using weekly returns as of 2026-08-27: 0.19 over 3 years, with 0.23 over the last year and n/a over 5 years.
Is QQQ a good diversifier for BEEP?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.19 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/beep-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/beep-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BEEP correlations · QQQ correlations
