BN vs QQQ: Correlation
Brookfield Corporation Class A Limited Voting Shares (BN) and Invesco QQQ Trust (QQQ) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BN and QQQ?
Across a 3-year window, the weekly returns of BN and QQQ correlate at 0.63, strong. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Stretching to 5 years gives 0.67, with an annualized covariance of 357.1 %².
Among the 32 assets we track against BN, QQQ ranks #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 30.8 points (-4.5% 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.
BN vs QQQ: side by side
| BN (Brookfield Corporation Class A Limited Voting Shares) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -4.5% | +26.3% |
| 5-year return | +42.1% | +95.4% |
| Volatility (ann.) | 28.8% | 19.6% |
| Beta vs S&P 500 | 1.47 | 1.28 |
| Max drawdown (3Y) | -27.8% | -22.8% |
| Market cap | $92.5B | – |
| P/E (trailing) | 76.7 | – |
| Dividend yield | 0.62% | 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 | BN | QQQ |
|---|---|---|
| 2022 | -34.6% | -32.6% |
| 2023 | +28.6% | +54.9% |
| 2024 | +44.2% | +25.6% |
| 2025 | +20.5% | +20.8% |
| 2026 | -9.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BN and QQQ good diversifiers for each other?
Only partially. A correlation of 0.63 means BN and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BN and QQQ?
The BN/QQQ correlation stands at 0.63 on a 3-year window (1 year: 0.59, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BN?
Only partially. A correlation of 0.63 means BN and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
A reading of 0.63 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/bn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bn-vs-qqq/)
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Related comparisons
Hubs: BN correlations · QQQ correlations
