BKR vs QQQ: Correlation
Baker Hughes (BKR) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKR and QQQ?
On 3 years of weekly data the BKR/QQQ correlation comes out at 0.18, weak. The past 12 months show a weaker link (0.03) than the 3-year average (0.18). The 5-year figure is 0.17, and annualized covariance runs at 112.9 %².
Within BKR's tracked universe of 30 assets, QQQ comes in at #20 by 3-year correlation. On 12-month performance BKR holds a 14.6-point edge, +40.9% against +26.3%. This link changes with the market regime, having swung between -0.10 and 0.48 on a rolling one-year basis. Note the risk asymmetry: BKR runs 1.6 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.
BKR vs QQQ: side by side
| BKR (Baker Hughes) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +40.9% | +26.3% |
| 5-year return | +205.5% | +95.4% |
| Volatility (ann.) | 32.2% | 19.6% |
| Beta vs S&P 500 | 0.61 | 1.28 |
| Max drawdown (3Y) | -28.0% | -22.8% |
| Market cap | $61.7B | – |
| P/E (trailing) | 19.9 | – |
| Dividend yield | 1.48% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Energy | 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 | BKR | QQQ |
|---|---|---|
| 2022 | +26.0% | -32.6% |
| 2023 | +18.6% | +54.9% |
| 2024 | +23.1% | +25.6% |
| 2025 | +13.4% | +20.8% |
| 2026 | +37.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
BKR represents 0.27% of QQQ's portfolio, so part of any move in QQQ is BKR itself, and the correlation between them is partly mechanical.
Are BKR and QQQ good diversifiers for each other?
Yes. With a correlation of 0.18, BKR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BKR and QQQ?
As of 2026-08-27, the correlation of weekly returns between BKR and QQQ is 0.18 over 3 years, 0.03 over 1 year and 0.17 over 5 years.
Is QQQ a good diversifier for BKR?
Yes. With a correlation of 0.18, BKR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.18 mean?
On the −1 to +1 scale, 0.18 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/bkr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bkr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BKR correlations · QQQ correlations
