BGSF vs QQQ: Correlation
Measured on weekly returns over the past three years, BGSF, Inc. (BGSF) and Invesco QQQ Trust (QQQ) carry a correlation of 0.10, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGSF and QQQ?
Across a 3-year window, the weekly returns of BGSF and QQQ correlate at 0.10, weak. Lately the two have drifted apart, with the 1-year correlation at -0.03 versus 0.10 over 3 years. Stretching to 5 years gives 0.12, with an annualized covariance of 103.3 %².
Among the 12 assets we track against BGSF, QQQ sits near the bottom by co-movement, at rank #8. Over the last 12 months QQQ came out ahead by 6.5 percentage points (+19.8% against +26.3%). Note the risk asymmetry: BGSF runs 2.8 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.
BGSF vs QQQ: side by side
| BGSF (BGSF, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +19.8% | +26.3% |
| 5-year return | -36.0% | +95.4% |
| Volatility (ann.) | 54.3% | 19.6% |
| Beta vs S&P 500 | 0.47 | 1.28 |
| Max drawdown (3Y) | -71.9% | -22.8% |
| Market cap | $0.1B | – |
| 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 | BGSF | QQQ |
|---|---|---|
| 2022 | +11.7% | -32.6% |
| 2023 | -35.1% | +54.9% |
| 2024 | -43.4% | +25.6% |
| 2025 | +23.0% | +20.8% |
| 2026 | +15.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGSF and QQQ good diversifiers for each other?
Yes. With a correlation of 0.10, BGSF and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BGSF and QQQ?
As of 2026-08-27, the correlation of weekly returns between BGSF and QQQ is 0.10 over 3 years, -0.03 over 1 year and 0.12 over 5 years.
Is QQQ a good diversifier for BGSF?
Yes. With a correlation of 0.10, BGSF and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.10 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: BGSF correlations · QQQ correlations
