BKE vs QQQ: Correlation
Measured on weekly returns over the past three years, Buckle, Inc. (The) (BKE) and Invesco QQQ Trust (QQQ) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKE and QQQ?
Across a 3-year window, the weekly returns of BKE and QQQ correlate at 0.28, weak. Little has changed lately, as the 1-year reading of 0.22 lands near the 3-year figure. Stretching to 5 years gives 0.35, with an annualized covariance of 171.3 %².
Among the 21 assets we track against BKE, QQQ sits near the bottom by co-movement, at rank #18. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 44.2 percentage points (-17.9% for BKE against +26.3% for QQQ). Risk is not evenly split, since BKE carries 1.6 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.
BKE vs QQQ: side by side
| BKE (Buckle, Inc. (The)) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -17.9% | +26.3% |
| 5-year return | +83.6% | +95.4% |
| Volatility (ann.) | 31.1% | 19.6% |
| Beta vs S&P 500 | 0.85 | 1.28 |
| Max drawdown (3Y) | -33.9% | -22.8% |
| Market cap | $2.2B | – |
| P/E (trailing) | 10.2 | – |
| Dividend yield | 1.58% | 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 | BKE | QQQ |
|---|---|---|
| 2022 | +10.9% | -32.6% |
| 2023 | +15.0% | +54.9% |
| 2024 | +17.5% | +25.6% |
| 2025 | +14.0% | +20.8% |
| 2026 | -13.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKE and QQQ good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BKE and QQQ?
As of 2026-08-27, the correlation of weekly returns between BKE and QQQ is 0.28 over 3 years, 0.22 over 1 year and 0.35 over 5 years.
Is QQQ a good diversifier for BKE?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 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: BKE correlations · QQQ correlations
