BF.B vs QQQ: Correlation
How closely do Brown–Forman (BF.B) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.16, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BF.B and QQQ?
Over the past 3 years, BF.B and QQQ moved with a correlation of 0.16, which is weak. Lately the two have drifted apart, with the 1-year correlation at -0.03 versus 0.16 over 3 years. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 104.6 %².
Among the 36 assets we track against BF.B, QQQ ranks #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 33.7 points (-7.4% versus +26.3%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.02 and 0.58 over the past three years, so this pair behaves very differently depending on the market environment. One caveat on sizing: BF.B is 1.7 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.
BF.B vs QQQ: side by side
| BF.B (Brown–Forman) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -7.4% | +26.3% |
| 5-year return | -56.8% | +95.4% |
| Volatility (ann.) | 34.0% | 19.6% |
| Beta vs S&P 500 | 0.51 | 1.28 |
| Max drawdown (3Y) | -64.8% | -22.8% |
| Market cap | $12.5B | – |
| P/E (trailing) | 18.3 | – |
| Dividend yield | 3.26% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Staples | 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 | BF.B | QQQ |
|---|---|---|
| 2022 | -8.9% | -32.6% |
| 2023 | -11.9% | +54.9% |
| 2024 | -32.2% | +25.6% |
| 2025 | -29.3% | +20.8% |
| 2026 | +6.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BF.B and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between BF.B and QQQ?
The BF.B/QQQ correlation stands at 0.16 on a 3-year window (1 year: -0.03, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BF.B?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
What does a correlation of 0.16 mean?
A reading of 0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bf-b-vs-qqq.json
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[](https://www.pairbook.io/pair/bf-b-vs-qqq/)
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Related comparisons
Hubs: BF.B correlations · QQQ correlations
