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BIAF vs QQQ: Correlation

Measured on weekly returns over the past three years, bioAffinity Technologies, Inc. (BIAF) and Invesco QQQ Trust (QQQ) carry a correlation of -0.03, a near-zero link.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
-0.03
near-zero
Correlation (1Y)
-0.00
last 12 months
Correlation (5Y)
-0.00
long-run
Ann. covariance
-346.9
%² · weekly, annualized

How correlated are BIAF and QQQ?

Across a 3-year window, the weekly returns of BIAF and QQQ correlate at -0.03, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of -0.00 lands near the 3-year figure. Stretching to 5 years gives -0.00, with an annualized covariance of -346.9 %².

By 3-year correlation, QQQ places #12 of the 24 assets tracked against BIAF. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 58.3 percentage points (-32.0% for BIAF against +26.3% for QQQ). One caveat on sizing: BIAF is 35.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.

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.

BIAF vs QQQ: side by side

BIAF (bioAffinity Technologies, Inc.)QQQ (Invesco QQQ Trust)
1-year return-32.0%+26.3%
5-year returnn/a+95.4%
Volatility (ann.)691.4%19.6%
Beta vs S&P 500-2.101.28
Max drawdown (3Y)-99.6%-22.8%
Market cap
P/E (trailing)
Dividend yield0.00%0.44%
Expense ratio0.18%
Assets under management$452.8B
Sector / categoryUS ListedETF · US Growth & Tech
Higher yield: QQQ 0.44% vs 0.00%Smaller drawdown: QQQ -22.8% vs -99.6%

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.

-94%0%+29%2025-09-052026-08-27
Twelve months of weekly closes, each series rebased to 100. BIAF · QQQ

Year-by-year returns

YearBIAFQQQ
2022-32.6%
2023-8.1%+54.9%
2024-38.1%+25.6%
2025-95.7%+20.8%
2026+328.8%+17.7%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are BIAF and QQQ good diversifiers for each other?

By historical standards, yes. A correlation of -0.03 means the two rarely move for the same reasons.

FAQ

What is the correlation between BIAF and QQQ?

Using weekly returns as of 2026-08-27: -0.03 over 3 years, with -0.00 over the last year and -0.00 over 5 years.

Is QQQ a good diversifier for BIAF?

By historical standards, yes. A correlation of -0.03 means the two rarely move for the same reasons.

What does a correlation of -0.03 mean?

On the −1 to +1 scale, -0.03 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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BIAF vs QQQ: 3-year weekly correlation -0.03BIAF vs QQQ-0.03

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Hubs: BIAF correlations · QQQ correlations