BLDR vs QQQ: Correlation
How closely do Builders FirstSource (BLDR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLDR and QQQ?
On 3 years of weekly data the BLDR/QQQ correlation comes out at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 321.8 %².
By 3-year correlation, QQQ places #38 of the 48 assets tracked against BLDR. Correlation aside, the last 12 months split them widely, with QQQ ahead by 78.9 points (-52.6% versus +26.3%). On a rolling one-year basis the correlation drifted between 0.23 and 0.60, a moderate band. Risk is not evenly split, since BLDR carries 2.3 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.
BLDR vs QQQ: side by side
| BLDR (Builders FirstSource) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -52.6% | +26.3% |
| 5-year return | +25.8% | +95.4% |
| Volatility (ann.) | 45.6% | 19.6% |
| Beta vs S&P 500 | 1.36 | 1.28 |
| Max drawdown (3Y) | -68.7% | -22.8% |
| Market cap | $7.2B | – |
| P/E (trailing) | 74.7 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | 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 | BLDR | QQQ |
|---|---|---|
| 2022 | -24.3% | -32.6% |
| 2023 | +157.3% | +54.9% |
| 2024 | -14.4% | +25.6% |
| 2025 | -28.0% | +20.8% |
| 2026 | -34.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLDR and QQQ good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BLDR and QQQ?
As of 2026-08-27, the correlation of weekly returns between BLDR and QQQ is 0.36 over 3 years, 0.28 over 1 year and 0.44 over 5 years.
Is QQQ a good diversifier for BLDR?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/bldr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bldr-vs-qqq/)
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Related comparisons
Hubs: BLDR correlations · QQQ correlations
