BLFS vs QQQ: Correlation
Measured on weekly returns over the past three years, BioLife Solutions, Inc. (BLFS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLFS and QQQ?
Over the past 3 years, BLFS and QQQ moved with a correlation of 0.41, which is moderate. The past 12 months show a weaker link (0.15) than the 3-year average (0.41). Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 398.0 %².
Among the 15 assets we track against BLFS, QQQ sits near the bottom by co-movement, at rank #11. The last year tells two different stories: BLFS led by 20.0 percentage points, +46.3% for BLFS against +26.3% for QQQ. Risk is not evenly split, since BLFS carries 2.6 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.
BLFS vs QQQ: side by side
| BLFS (BioLife Solutions, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +46.3% | +26.3% |
| 5-year return | -36.2% | +95.4% |
| Volatility (ann.) | 50.1% | 19.6% |
| Beta vs S&P 500 | 1.66 | 1.28 |
| Max drawdown (3Y) | -37.0% | -22.8% |
| Market cap | $1.8B | – |
| P/E (trailing) | 37.2 | – |
| 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 | BLFS | QQQ |
|---|---|---|
| 2022 | -51.2% | -32.6% |
| 2023 | -10.7% | +54.9% |
| 2024 | +59.8% | +25.6% |
| 2025 | -6.9% | +20.8% |
| 2026 | +53.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLFS and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BLFS and QQQ?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.15 over the last year and 0.53 over 5 years.
Is QQQ a good diversifier for BLFS?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: BLFS correlations · QQQ correlations
