BLMN vs QQQ: Correlation
Bloomin' Brands, Inc. (BLMN) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLMN and QQQ?
Across a 3-year window, the weekly returns of BLMN and QQQ correlate at 0.24, weak. The past 12 months show a tighter link (0.41) than the 3-year average (0.24). Stretching to 5 years gives 0.32, with an annualized covariance of 291.2 %².
QQQ is close to the least connected end of BLMN's tracked universe, ranking #17 of 20. Their recent paths diverged sharply: over the last 12 months BLMN outperformed by 17.5 percentage points (+43.8% for BLMN against +26.3% for QQQ). One caveat on sizing: BLMN is 3.1 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.
BLMN vs QQQ: side by side
| BLMN (Bloomin' Brands, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +43.8% | +26.3% |
| 5-year return | -53.9% | +95.4% |
| Volatility (ann.) | 61.1% | 19.6% |
| Beta vs S&P 500 | 1.23 | 1.28 |
| Max drawdown (3Y) | -80.5% | -22.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | 32.6 | – |
| Dividend yield | 1.35% | 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 | BLMN | QQQ |
|---|---|---|
| 2022 | -1.7% | -32.6% |
| 2023 | +45.5% | +54.9% |
| 2024 | -54.4% | +25.6% |
| 2025 | -46.6% | +20.8% |
| 2026 | +69.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLMN and QQQ good diversifiers for each other?
Reasonably. At 0.24, BLMN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BLMN and QQQ?
As of 2026-08-27, the correlation of weekly returns between BLMN and QQQ is 0.24 over 3 years, 0.41 over 1 year and 0.32 over 5 years.
Is QQQ a good diversifier for BLMN?
Reasonably. At 0.24, BLMN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 mean?
A reading of 0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/blmn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/blmn-vs-qqq/)
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Related comparisons
Hubs: BLMN correlations · QQQ correlations
