BGH vs QQQ: Correlation
Barings Global Short Duration High Yield Fund (BGH) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGH and QQQ?
Across a 3-year window, the weekly returns of BGH and QQQ correlate at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 132.0 %².
Out of 13 assets tracked against BGH, QQQ lands near the bottom at #9. The last year tells two different stories: QQQ led by 29.1 percentage points, -2.8% for BGH 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.
BGH vs QQQ: side by side
| BGH (Barings Global Short Duration High Yield Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -2.8% | +26.3% |
| 5-year return | +37.9% | +95.4% |
| Volatility (ann.) | 13.2% | 19.6% |
| Beta vs S&P 500 | 0.54 | 1.28 |
| Max drawdown (3Y) | -16.9% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 14.2 | – |
| 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 | BGH | QQQ |
|---|---|---|
| 2022 | -19.9% | -32.6% |
| 2023 | +18.2% | +54.9% |
| 2024 | +27.3% | +25.6% |
| 2025 | +8.5% | +20.8% |
| 2026 | +1.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGH and QQQ good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BGH and QQQ?
As of 2026-08-27, the correlation of weekly returns between BGH and QQQ is 0.51 over 3 years, 0.49 over 1 year and 0.50 over 5 years.
Is QQQ a good diversifier for BGH?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: BGH correlations · QQQ correlations
