BJRI vs QQQ: Correlation
BJ's Restaurants, Inc. (BJRI) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJRI and QQQ?
On 3 years of weekly data the BJRI/QQQ correlation comes out at 0.37, moderate. Recent behaviour matches the longer record: 0.29 over 1 year against 0.37 over 3. The 5-year figure is 0.40, and annualized covariance runs at 299.9 %².
QQQ is close to the least connected end of BJRI's tracked universe, ranking #13 of 16. Their recent paths diverged sharply: over the last 12 months BJRI outperformed by 59.8 percentage points (+86.1% for BJRI against +26.3% for QQQ). Risk is not evenly split, since BJRI carries 2.1 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.
BJRI vs QQQ: side by side
| BJRI (BJ's Restaurants, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +86.1% | +26.3% |
| 5-year return | +50.0% | +95.4% |
| Volatility (ann.) | 41.5% | 19.6% |
| Beta vs S&P 500 | 1.20 | 1.28 |
| Max drawdown (3Y) | -38.7% | -22.8% |
| Market cap | $1.4B | – |
| P/E (trailing) | 33.7 | – |
| 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 | BJRI | QQQ |
|---|---|---|
| 2022 | -23.6% | -32.6% |
| 2023 | +36.5% | +54.9% |
| 2024 | -2.4% | +25.6% |
| 2025 | +12.1% | +20.8% |
| 2026 | +61.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJRI and QQQ good diversifiers for each other?
Reasonably. At 0.37, BJRI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BJRI and QQQ?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.29 over the last year and 0.40 over 5 years.
Is QQQ a good diversifier for BJRI?
Reasonably. At 0.37, BJRI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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
$ curl https://www.pairbook.io/api/v1/pairs/bjri-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bjri-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BJRI correlations · QQQ correlations
