BLNE vs QQQ: Correlation
How closely do Beeline Holdings, Inc. (BLNE) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.06, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLNE and QQQ?
On 3 years of weekly data the BLNE/QQQ correlation comes out at 0.06, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.32 versus 0.06 over 3 years. The 5-year figure is 0.13, and annualized covariance runs at 157.0 %².
Within BLNE's tracked universe of 19 assets, QQQ comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 62.5 percentage points (-36.2% for BLNE against +26.3% for QQQ). Note the risk asymmetry: BLNE runs 7.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BLNE vs QQQ: side by side
| BLNE (Beeline Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -36.2% | +26.3% |
| 5-year return | -99.8% | +95.4% |
| Volatility (ann.) | 136.3% | 19.6% |
| Beta vs S&P 500 | 0.59 | 1.28 |
| Max drawdown (3Y) | -96.7% | -22.8% |
| Market cap | – | – |
| 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 | BLNE | QQQ |
|---|---|---|
| 2022 | -87.2% | -32.6% |
| 2023 | -71.8% | +54.9% |
| 2024 | -25.3% | +25.6% |
| 2025 | -82.1% | +20.8% |
| 2026 | -42.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLNE and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.06 means the two rarely move for the same reasons.
FAQ
What is the correlation between BLNE and QQQ?
As of 2026-08-27, the correlation of weekly returns between BLNE and QQQ is 0.06 over 3 years, 0.32 over 1 year and 0.13 over 5 years.
Is QQQ a good diversifier for BLNE?
By historical standards, yes. A correlation of 0.06 means the two rarely move for the same reasons.
What does a correlation of 0.06 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/blne-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/blne-vs-qqq/)
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Related comparisons
Hubs: BLNE correlations · QQQ correlations
