BKHA vs QQQ: Correlation
Measured on weekly returns over the past three years, Black Hawk Acquisition Corporation - Class A (BKHA) and Invesco QQQ Trust (QQQ) carry a correlation of 0.06, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKHA and QQQ?
Over the past 3 years, BKHA and QQQ moved with a correlation of 0.06, which is near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.07 over 1 year against 0.06 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 6.9 %².
QQQ is close to the least connected end of BKHA's tracked universe, ranking #6 of 10. Correlation aside, the last 12 months split them widely, with QQQ ahead by 18.3 points (+8.0% versus +26.3%). Risk is not evenly split, since QQQ carries 3.3 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.
BKHA vs QQQ: side by side
| BKHA (Black Hawk Acquisition Corporation - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +8.0% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 5.9% | 19.6% |
| Beta vs S&P 500 | 0.02 | 1.28 |
| Max drawdown (3Y) | -10.1% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 99.0 | – |
| 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 | BKHA | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | +8.4% | +20.8% |
| 2026 | +5.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKHA and QQQ good diversifiers for each other?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BKHA and QQQ?
As of 2026-08-27, the correlation of weekly returns between BKHA and QQQ is 0.06 over 3 years, 0.07 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for BKHA?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.06 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/bkha-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bkha-vs-qqq/)
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Related comparisons
Hubs: BKHA correlations · QQQ correlations
