BKT vs QQQ: Correlation
BlackRock Income Trust Inc. (The) (BKT) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKT and QQQ?
Over the past 3 years, BKT and QQQ moved with a correlation of 0.19, which is weak. The link has tightened recently: the 1-year correlation (0.35) runs above the 3-year figure (0.19). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 36.1 %².
Among the 16 assets we track against BKT, QQQ sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with QQQ ahead by 29.6 points (-3.3% versus +26.3%). Risk is not evenly split, since QQQ carries 2.0 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.
BKT vs QQQ: side by side
| BKT (BlackRock Income Trust Inc. (The)) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -3.3% | +26.3% |
| 5-year return | -16.5% | +95.4% |
| Volatility (ann.) | 9.7% | 19.6% |
| Beta vs S&P 500 | 0.19 | 1.28 |
| Max drawdown (3Y) | -10.4% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 11.0 | – |
| Dividend yield | 10.17% | 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 | BKT | QQQ |
|---|---|---|
| 2022 | -21.6% | -32.6% |
| 2023 | +7.6% | +54.9% |
| 2024 | +3.2% | +25.6% |
| 2025 | +5.0% | +20.8% |
| 2026 | +0.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKT and QQQ good diversifiers for each other?
Yes. With a correlation of 0.19, BKT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BKT and QQQ?
The BKT/QQQ correlation stands at 0.19 on a 3-year window (1 year: 0.35, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BKT?
Yes. With a correlation of 0.19, BKT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.19 mean?
On the −1 to +1 scale, 0.19 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/bkt-vs-qqq.json
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Related comparisons
Hubs: BKT correlations · QQQ correlations
