BMY vs QQQ: Correlation
How closely do Bristol Myers Squibb (BMY) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.07, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMY and QQQ?
Across a 3-year window, the weekly returns of BMY and QQQ correlate at -0.07, near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.17 over 1 year against -0.07 over 3. Stretching to 5 years gives 0.01, with an annualized covariance of -35.7 %².
Within BMY's tracked universe of 31 assets, QQQ comes in at #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BMY ahead by 21.0 points (+47.3% versus +26.3%). This link changes with the market regime, having swung between -0.24 and 0.27 on a rolling one-year basis.
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.
BMY vs QQQ: side by side
| BMY (Bristol Myers Squibb) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +47.3% | +26.3% |
| 5-year return | +22.3% | +95.4% |
| Volatility (ann.) | 27.8% | 19.6% |
| Beta vs S&P 500 | 0.20 | 1.28 |
| Max drawdown (3Y) | -34.1% | -22.8% |
| Market cap | $136.8B | – |
| P/E (trailing) | 14.9 | – |
| Dividend yield | 3.71% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Health Care | 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 | BMY | QQQ |
|---|---|---|
| 2022 | +19.0% | -32.6% |
| 2023 | -26.1% | +54.9% |
| 2024 | +15.8% | +25.6% |
| 2025 | +0.1% | +20.8% |
| 2026 | +28.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMY and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.07 means the two rarely move for the same reasons.
FAQ
What is the correlation between BMY and QQQ?
The BMY/QQQ correlation stands at -0.07 on a 3-year window (1 year: -0.17, 5 years: 0.01), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BMY?
By historical standards, yes. A correlation of -0.07 means the two rarely move for the same reasons.
What does a correlation of -0.07 mean?
A reading of -0.07 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/bmy-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bmy-vs-qqq/)
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Related comparisons
Hubs: BMY correlations · QQQ correlations
