BME vs QQQ: Correlation
Measured on weekly returns over the past three years, Blackrock Health Sciences Trust (BME) and Invesco QQQ Trust (QQQ) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BME and QQQ?
Across a 3-year window, the weekly returns of BME and QQQ correlate at 0.32, moderate. The past 12 months show a weaker link (0.11) than the 3-year average (0.32). Stretching to 5 years gives 0.41, with an annualized covariance of 89.2 %².
Out of 34 assets tracked against BME, QQQ lands near the bottom at #31. On 12-month performance BME holds a 9.7-point edge, +36.0% against +26.3%.
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.
BME vs QQQ: side by side
| BME (Blackrock Health Sciences Trust) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +36.0% | +26.3% |
| 5-year return | +33.5% | +95.4% |
| Volatility (ann.) | 14.4% | 19.6% |
| Beta vs S&P 500 | 0.45 | 1.28 |
| Max drawdown (3Y) | -14.4% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 7.8 | – |
| Dividend yield | 6.80% | 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 | BME | QQQ |
|---|---|---|
| 2022 | -4.6% | -32.6% |
| 2023 | -1.1% | +54.9% |
| 2024 | -0.1% | +25.6% |
| 2025 | +17.9% | +20.8% |
| 2026 | +17.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BME and QQQ good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BME and QQQ?
As of 2026-08-27, the correlation of weekly returns between BME and QQQ is 0.32 over 3 years, 0.11 over 1 year and 0.41 over 5 years.
Is QQQ a good diversifier for BME?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BME correlations · QQQ correlations
