BIOX vs QQQ: Correlation
How closely do Bioceres Crop Solutions Corp. (BIOX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.19, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIOX and QQQ?
Over the past 3 years, BIOX and QQQ moved with a correlation of 0.19, which is weak. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 244.7 %².
Out of 10 assets tracked against BIOX, QQQ lands near the bottom at #7. The last year tells two different stories: QQQ led by 111.3 percentage points, -85.0% for BIOX against +26.3% for QQQ. Risk is not evenly split, since BIOX carries 3.4 times the volatility of the other side.
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.
BIOX vs QQQ: side by side
| BIOX (Bioceres Crop Solutions Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -85.0% | +26.3% |
| 5-year return | -97.0% | +95.4% |
| Volatility (ann.) | 67.6% | 19.6% |
| Beta vs S&P 500 | 0.97 | 1.28 |
| Max drawdown (3Y) | -97.7% | -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 | BIOX | QQQ |
|---|---|---|
| 2022 | -14.9% | -32.6% |
| 2023 | +14.1% | +54.9% |
| 2024 | -55.7% | +25.6% |
| 2025 | -78.5% | +20.8% |
| 2026 | -69.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIOX and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between BIOX and QQQ?
Using weekly returns as of 2026-08-27: 0.19 over 3 years, with 0.29 over the last year and 0.17 over 5 years.
Is QQQ a good diversifier for BIOX?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
What does a correlation of 0.19 mean?
On the −1 to +1 scale, 0.19 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.
Use this data
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Related comparisons
Hubs: BIOX correlations · QQQ correlations
