BKSY vs QQQ: Correlation
How closely do BlackSky Technology Inc. (BKSY) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKSY and QQQ?
Across a 3-year window, the weekly returns of BKSY and QQQ correlate at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 670.2 %².
Among the 14 assets we track against BKSY, QQQ sits near the bottom by co-movement, at rank #10. The trailing year gives BKSY the advantage: +36.3% versus +26.3%, a 10.0-point spread. One caveat on sizing: BKSY is 4.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BKSY vs QQQ: side by side
| BKSY (BlackSky Technology Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +36.3% | +26.3% |
| 5-year return | -69.1% | +95.4% |
| Volatility (ann.) | 90.5% | 19.6% |
| Beta vs S&P 500 | 2.48 | 1.28 |
| Max drawdown (3Y) | -69.1% | -22.8% |
| Market cap | $1.0B | – |
| 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 | BKSY | QQQ |
|---|---|---|
| 2022 | -65.7% | -32.6% |
| 2023 | -9.1% | +54.9% |
| 2024 | -3.7% | +25.6% |
| 2025 | +73.8% | +20.8% |
| 2026 | +32.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKSY and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BKSY and QQQ?
The BKSY/QQQ correlation stands at 0.38 on a 3-year window (1 year: 0.43, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BKSY?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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.
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Related comparisons
Hubs: BKSY correlations · QQQ correlations
