BMRN vs QQQ: Correlation
BioMarin Pharmaceutical Inc. (BMRN) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMRN and QQQ?
Across a 3-year window, the weekly returns of BMRN and QQQ correlate at 0.20, weak. Recent behaviour matches the longer record: 0.14 over 1 year against 0.20 over 3. Stretching to 5 years gives 0.31, with an annualized covariance of 108.3 %².
QQQ is close to the least connected end of BMRN's tracked universe, ranking #8 of 12. Correlation aside, the last 12 months split them widely, with QQQ ahead by 15.0 points (+11.3% versus +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.
BMRN vs QQQ: side by side
| BMRN (BioMarin Pharmaceutical Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +11.3% | +26.3% |
| 5-year return | -21.6% | +95.4% |
| Volatility (ann.) | 28.1% | 19.6% |
| Beta vs S&P 500 | 0.46 | 1.28 |
| Max drawdown (3Y) | -49.8% | -22.8% |
| Market cap | $12.6B | – |
| P/E (trailing) | 176.5 | – |
| 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 | BMRN | QQQ |
|---|---|---|
| 2022 | +17.1% | -32.6% |
| 2023 | -6.8% | +54.9% |
| 2024 | -31.8% | +25.6% |
| 2025 | -9.6% | +20.8% |
| 2026 | +9.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMRN and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BMRN and QQQ?
The BMRN/QQQ correlation stands at 0.20 on a 3-year window (1 year: 0.14, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BMRN?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.20 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/bmrn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bmrn-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BMRN correlations · QQQ correlations
