BGLC vs QQQ: Correlation
How closely do BioNexus Gene Lab Corp (BGLC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.08, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGLC and QQQ?
On 3 years of weekly data the BGLC/QQQ correlation comes out at 0.08, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.39 versus 0.08 over 3 years. The 5-year figure is 0.10, and annualized covariance runs at 263.4 %².
QQQ is close to the least connected end of BGLC's tracked universe, ranking #10 of 14. The last year tells two different stories: QQQ led by 99.5 percentage points, -73.2% for BGLC against +26.3% for QQQ. Note the risk asymmetry: BGLC runs 9.1 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.
BGLC vs QQQ: side by side
| BGLC (BioNexus Gene Lab Corp) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -73.2% | +26.3% |
| 5-year return | -99.2% | +95.4% |
| Volatility (ann.) | 177.7% | 19.6% |
| Beta vs S&P 500 | 1.05 | 1.28 |
| Max drawdown (3Y) | -93.4% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| 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 | BGLC | QQQ |
|---|---|---|
| 2022 | -55.4% | -32.6% |
| 2023 | -95.4% | +54.9% |
| 2024 | -47.2% | +25.6% |
| 2025 | +41.1% | +20.8% |
| 2026 | -62.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGLC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
FAQ
What is the correlation between BGLC and QQQ?
As of 2026-08-27, the correlation of weekly returns between BGLC and QQQ is 0.08 over 3 years, 0.39 over 1 year and 0.10 over 5 years.
Is QQQ a good diversifier for BGLC?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
What does a correlation of 0.08 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.
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Related comparisons
Hubs: BGLC correlations · QQQ correlations
