BMEA vs QQQ: Correlation
Biomea Fusion, Inc. (BMEA) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMEA and QQQ?
Across a 3-year window, the weekly returns of BMEA and QQQ correlate at 0.16, weak. Little has changed lately, as the 1-year reading of 0.26 lands near the 3-year figure. Stretching to 5 years gives 0.07, with an annualized covariance of 328.3 %².
Among the 12 assets we track against BMEA, QQQ sits near the bottom by co-movement, at rank #9. The last year tells two different stories: QQQ led by 36.0 percentage points, -9.7% for BMEA against +26.3% for QQQ. Note the risk asymmetry: BMEA runs 5.4 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.
BMEA vs QQQ: side by side
| BMEA (Biomea Fusion, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -9.7% | +26.3% |
| 5-year return | -87.8% | +95.4% |
| Volatility (ann.) | 106.6% | 19.6% |
| Beta vs S&P 500 | 1.56 | 1.28 |
| Max drawdown (3Y) | -95.2% | -22.8% |
| Market cap | $0.1B | – |
| 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 | BMEA | QQQ |
|---|---|---|
| 2022 | +13.2% | -32.6% |
| 2023 | +72.2% | +54.9% |
| 2024 | -73.3% | +25.6% |
| 2025 | -68.0% | +20.8% |
| 2026 | +35.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMEA and QQQ good diversifiers for each other?
Yes. With a correlation of 0.16, BMEA and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BMEA and QQQ?
Using weekly returns as of 2026-08-27: 0.16 over 3 years, with 0.26 over the last year and 0.07 over 5 years.
Is QQQ a good diversifier for BMEA?
Yes. With a correlation of 0.16, BMEA and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.16 mean?
A reading of 0.16 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/bmea-vs-qqq.json
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[](https://www.pairbook.io/pair/bmea-vs-qqq/)
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Related comparisons
Hubs: BMEA correlations · QQQ correlations
