BLND vs QQQ: Correlation
How closely do Blend Labs, Inc. (BLND) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.21, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLND and QQQ?
Over the past 3 years, BLND and QQQ moved with a correlation of 0.21, which is weak. The relationship has been stable: the 1-year correlation (0.14) sits close to the 3-year figure. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 307.4 %².
Among the 12 assets we track against BLND, QQQ sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with QQQ ahead by 83.5 points (-57.2% versus +26.3%). Risk is not evenly split, since BLND carries 3.9 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.
BLND vs QQQ: side by side
| BLND (Blend Labs, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -57.2% | +26.3% |
| 5-year return | -90.5% | +95.4% |
| Volatility (ann.) | 75.5% | 19.6% |
| Beta vs S&P 500 | 1.32 | 1.28 |
| Max drawdown (3Y) | -74.2% | -22.8% |
| Market cap | $0.4B | – |
| 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 | BLND | QQQ |
|---|---|---|
| 2022 | -80.4% | -32.6% |
| 2023 | +77.1% | +54.9% |
| 2024 | +65.1% | +25.6% |
| 2025 | -27.8% | +20.8% |
| 2026 | -49.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLND and QQQ good diversifiers for each other?
Reasonably. At 0.21, BLND and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BLND and QQQ?
As of 2026-08-27, the correlation of weekly returns between BLND and QQQ is 0.21 over 3 years, 0.14 over 1 year and 0.22 over 5 years.
Is QQQ a good diversifier for BLND?
Reasonably. At 0.21, BLND and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.21 mean?
A reading of 0.21 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
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Related comparisons
Hubs: BLND correlations · QQQ correlations
