BEPC vs QQQ: Correlation
Measured on weekly returns over the past three years, Brookfield Renewable Corporation Brookfield Renewable (BEPC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEPC and QQQ?
Over the past 3 years, BEPC and QQQ moved with a correlation of 0.28, which is weak. The relationship has been stable: the 1-year correlation (0.19) sits close to the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 190.3 %².
QQQ is close to the least connected end of BEPC's tracked universe, ranking #8 of 11. The last year tells two different stories: QQQ led by 25.9 percentage points, +0.4% for BEPC against +26.3% for QQQ. Note the risk asymmetry: BEPC runs 1.8 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.
BEPC vs QQQ: side by side
| BEPC (Brookfield Renewable Corporation Brookfield Renewable) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +0.4% | +26.3% |
| 5-year return | -8.5% | +95.4% |
| Volatility (ann.) | 34.5% | 19.6% |
| Beta vs S&P 500 | 0.80 | 1.28 |
| Max drawdown (3Y) | -28.6% | -22.8% |
| Market cap | $6.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.33% | 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 | BEPC | QQQ |
|---|---|---|
| 2022 | -22.5% | -32.6% |
| 2023 | +9.5% | +54.9% |
| 2024 | +1.0% | +25.6% |
| 2025 | +45.2% | +20.8% |
| 2026 | -12.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEPC and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BEPC and QQQ?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.19 over the last year and 0.33 over 5 years.
Is QQQ a good diversifier for BEPC?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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
$ curl https://www.pairbook.io/api/v1/pairs/bepc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bepc-vs-qqq/)
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Related comparisons
Hubs: BEPC correlations · QQQ correlations
