BGR vs QQQ: Correlation
Measured on weekly returns over the past three years, BlackRock Energy and Resources Trust (BGR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.05, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGR and QQQ?
On 3 years of weekly data the BGR/QQQ correlation comes out at 0.05, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.37) than the 3-year average (0.05). The 5-year figure is 0.15, and annualized covariance runs at 18.3 %².
Out of 19 assets tracked against BGR, QQQ lands near the bottom at #16. On 12-month performance BGR holds a 9.0-point edge, +35.3% against +26.3%.
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.
BGR vs QQQ: side by side
| BGR (BlackRock Energy and Resources Trust) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +35.3% | +26.3% |
| 5-year return | +165.0% | +95.4% |
| Volatility (ann.) | 19.7% | 19.6% |
| Beta vs S&P 500 | 0.21 | 1.28 |
| Max drawdown (3Y) | -18.3% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 10.8 | – |
| Dividend yield | 6.86% | 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 | BGR | QQQ |
|---|---|---|
| 2022 | +38.9% | -32.6% |
| 2023 | +5.8% | +54.9% |
| 2024 | +8.1% | +25.6% |
| 2025 | +17.3% | +20.8% |
| 2026 | +30.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGR and QQQ good diversifiers for each other?
Yes. With a correlation of 0.05, BGR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BGR and QQQ?
The BGR/QQQ correlation stands at 0.05 on a 3-year window (1 year: -0.37, 5 years: 0.15), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BGR?
Yes. With a correlation of 0.05, BGR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.05 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: BGR correlations · QQQ correlations
