BENF vs QQQ: Correlation
Beneficient (BENF) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BENF and QQQ?
Across a 3-year window, the weekly returns of BENF and QQQ correlate at 0.13, weak. Little has changed lately, as the 1-year reading of 0.15 lands near the 3-year figure. Stretching to 5 years gives 0.09, with an annualized covariance of 432.9 %².
By 3-year correlation, QQQ places #6 of the 12 assets tracked against BENF. The last year tells two different stories: QQQ led by 49.2 percentage points, -22.9% for BENF against +26.3% for QQQ. Note the risk asymmetry: BENF runs 9.0 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.
BENF vs QQQ: side by side
| BENF (Beneficient) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -22.9% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 176.6% | 19.6% |
| Beta vs S&P 500 | 1.25 | 1.28 |
| Max drawdown (3Y) | -99.9% | -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 | BENF | QQQ |
|---|---|---|
| 2022 | +3.7% | -32.6% |
| 2023 | -95.3% | +54.9% |
| 2024 | -98.1% | +25.6% |
| 2025 | +18.0% | +20.8% |
| 2026 | -69.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BENF and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between BENF and QQQ?
The BENF/QQQ correlation stands at 0.13 on a 3-year window (1 year: 0.15, 5 years: 0.09), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BENF?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
What does a correlation of 0.13 mean?
On the −1 to +1 scale, 0.13 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.
Use this data
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Related comparisons
Hubs: BENF correlations · QQQ correlations
