BFST vs QQQ: Correlation
How closely do Business First Bancshares, Inc. (BFST) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFST and QQQ?
Over the past 3 years, BFST and QQQ moved with a correlation of 0.26, which is weak. Lately the two have drifted apart, with the 1-year correlation at -0.02 versus 0.26 over 3 years. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 152.2 %².
Among the 19 assets we track against BFST, QQQ sits near the bottom by co-movement, at rank #16. Twelve-month performance is nearly a tie, at +25.6% for BFST and +26.3% for QQQ. Note the risk asymmetry: BFST runs 1.5 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.
BFST vs QQQ: side by side
| BFST (Business First Bancshares, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +25.6% | +26.3% |
| 5-year return | +47.5% | +95.4% |
| Volatility (ann.) | 29.7% | 19.6% |
| Beta vs S&P 500 | 0.82 | 1.28 |
| Max drawdown (3Y) | -27.3% | -22.8% |
| Market cap | $1.0B | – |
| P/E (trailing) | 11.1 | – |
| Dividend yield | 1.93% | 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 | BFST | QQQ |
|---|---|---|
| 2022 | -20.2% | -32.6% |
| 2023 | +14.4% | +54.9% |
| 2024 | +6.9% | +25.6% |
| 2025 | +4.0% | +20.8% |
| 2026 | +21.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFST and QQQ good diversifiers for each other?
Reasonably. At 0.26, BFST and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BFST and QQQ?
As of 2026-08-27, the correlation of weekly returns between BFST and QQQ is 0.26 over 3 years, -0.02 over 1 year and 0.30 over 5 years.
Is QQQ a good diversifier for BFST?
Reasonably. At 0.26, BFST and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.26 mean?
On the −1 to +1 scale, 0.26 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.
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Related comparisons
Hubs: BFST correlations · QQQ correlations
