BFS vs QQQ: Correlation
Saul Centers, Inc. (BFS) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFS and QQQ?
Across a 3-year window, the weekly returns of BFS and QQQ correlate at 0.14, weak. The link has loosened recently: the 1-year correlation (-0.09) runs below the 3-year figure (0.14). Stretching to 5 years gives 0.39, with an annualized covariance of 58.3 %².
QQQ is close to the least connected end of BFS's tracked universe, ranking #14 of 17. The last year tells two different stories: QQQ led by 20.6 percentage points, +5.7% for BFS against +26.3% for QQQ.
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.
BFS vs QQQ: side by side
| BFS (Saul Centers, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.7% | +26.3% |
| 5-year return | -2.0% | +95.4% |
| Volatility (ann.) | 20.9% | 19.6% |
| Beta vs S&P 500 | 0.41 | 1.28 |
| Max drawdown (3Y) | -24.1% | -22.8% |
| Market cap | $1.2B | – |
| P/E (trailing) | 34.8 | – |
| Dividend yield | 7.01% | 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 | BFS | QQQ |
|---|---|---|
| 2022 | -19.4% | -32.6% |
| 2023 | +2.6% | +54.9% |
| 2024 | +5.0% | +25.6% |
| 2025 | -12.8% | +20.8% |
| 2026 | +11.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFS and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
FAQ
What is the correlation between BFS and QQQ?
As of 2026-08-27, the correlation of weekly returns between BFS and QQQ is 0.14 over 3 years, -0.09 over 1 year and 0.39 over 5 years.
Is QQQ a good diversifier for BFS?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
What does a correlation of 0.14 mean?
A reading of 0.14 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/bfs-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bfs-vs-qqq/)
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Related comparisons
Hubs: BFS correlations · QQQ correlations
