BIPC vs QQQ: Correlation
Measured on weekly returns over the past three years, Brookfield Infrastructure Corporation (BIPC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIPC and QQQ?
Over the past 3 years, BIPC and QQQ moved with a correlation of 0.32, which is moderate. The past 12 months show a weaker link (0.15) than the 3-year average (0.32). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 191.8 %².
Among the 12 assets we track against BIPC, QQQ sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with QQQ ahead by 25.1 points (+1.2% versus +26.3%). One caveat on sizing: BIPC is 1.6 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.
BIPC vs QQQ: side by side
| BIPC (Brookfield Infrastructure Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1.2% | +26.3% |
| 5-year return | +13.3% | +95.4% |
| Volatility (ann.) | 30.4% | 19.6% |
| Beta vs S&P 500 | 0.95 | 1.28 |
| Max drawdown (3Y) | -33.7% | -22.8% |
| Market cap | $4.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.47% | 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 | BIPC | QQQ |
|---|---|---|
| 2022 | -11.9% | -32.6% |
| 2023 | -5.7% | +54.9% |
| 2024 | +18.4% | +25.6% |
| 2025 | +18.3% | +20.8% |
| 2026 | -11.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIPC and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BIPC and QQQ?
As of 2026-08-27, the correlation of weekly returns between BIPC and QQQ is 0.32 over 3 years, 0.15 over 1 year and 0.33 over 5 years.
Is QQQ a good diversifier for BIPC?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 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.
Use this data
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Related comparisons
Hubs: BIPC correlations · QQQ correlations
