BIRD vs QQQ: Correlation
How closely do Smartbird, Inc. (BIRD) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIRD and QQQ?
On 3 years of weekly data the BIRD/QQQ correlation comes out at 0.26, weak. The past 12 months show a tighter link (0.38) than the 3-year average (0.26). The 5-year figure is 0.27, and annualized covariance runs at 1138.4 %².
By 3-year correlation, QQQ places #12 of the 17 assets tracked against BIRD. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 77.7 percentage points (-51.4% for BIRD against +26.3% for QQQ). Risk is not evenly split, since BIRD carries 11.5 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.
BIRD vs QQQ: side by side
| BIRD (Smartbird, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -51.4% | +26.3% |
| 5-year return | -99.5% | +95.4% |
| Volatility (ann.) | 225.6% | 19.6% |
| Beta vs S&P 500 | 3.94 | 1.28 |
| Max drawdown (3Y) | -92.3% | -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 | BIRD | QQQ |
|---|---|---|
| 2022 | -84.0% | -32.6% |
| 2023 | -49.4% | +54.9% |
| 2024 | -71.6% | +25.6% |
| 2025 | -41.2% | +20.8% |
| 2026 | -22.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIRD and QQQ good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BIRD and QQQ?
The BIRD/QQQ correlation stands at 0.26 on a 3-year window (1 year: 0.38, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BIRD?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 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
$ curl https://www.pairbook.io/api/v1/pairs/bird-vs-qqq.json
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Related comparisons
Hubs: BIRD correlations · QQQ correlations
