BKKT vs QQQ: Correlation
Bakkt, Inc. (BKKT) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKKT and QQQ?
On 3 years of weekly data the BKKT/QQQ correlation comes out at 0.26, weak. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. The 5-year figure is 0.28, and annualized covariance runs at 868.8 %².
Among the 11 assets we track against BKKT, QQQ sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 28.5 percentage points (-2.2% for BKKT against +26.3% for QQQ). Note the risk asymmetry: BKKT runs 8.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BKKT vs QQQ: side by side
| BKKT (Bakkt, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -2.2% | +26.3% |
| 5-year return | -96.6% | +95.4% |
| Volatility (ann.) | 172.9% | 19.6% |
| Beta vs S&P 500 | 3.19 | 1.28 |
| Max drawdown (3Y) | -89.4% | -22.8% |
| Market cap | $0.4B | – |
| 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 | BKKT | QQQ |
|---|---|---|
| 2022 | -86.0% | -32.6% |
| 2023 | +87.4% | +54.9% |
| 2024 | -55.6% | +25.6% |
| 2025 | -59.5% | +20.8% |
| 2026 | -16.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKKT and QQQ good diversifiers for each other?
Reasonably. At 0.26, BKKT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BKKT and QQQ?
The BKKT/QQQ correlation stands at 0.26 on a 3-year window (1 year: 0.29, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BKKT?
Reasonably. At 0.26, BKKT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.26 mean?
A reading of 0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: BKKT correlations · QQQ correlations
