BNC vs QQQ: Correlation
How closely do CEA Industries Inc. (BNC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.02, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNC and QQQ?
On 3 years of weekly data the BNC/QQQ correlation comes out at -0.02, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.02 over 1 year against -0.02 over 3. The 5-year figure is 0.08, and annualized covariance runs at -54.6 %².
By 3-year correlation, QQQ places #6 of the 37 assets tracked against BNC. The last year tells two different stories: QQQ led by 112.4 percentage points, -86.1% for BNC against +26.3% for QQQ. One caveat on sizing: BNC is 6.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BNC vs QQQ: side by side
| BNC (CEA Industries Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -86.1% | +26.3% |
| 5-year return | -97.4% | +95.4% |
| Volatility (ann.) | 120.4% | 19.6% |
| Beta vs S&P 500 | -0.47 | 1.28 |
| Max drawdown (3Y) | -96.5% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 0.0 | – |
| 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 | BNC | QQQ |
|---|---|---|
| 2022 | -82.5% | -32.6% |
| 2023 | -34.9% | +54.9% |
| 2024 | +23.7% | +25.6% |
| 2025 | -20.9% | +20.8% |
| 2026 | -53.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.02 means the two rarely move for the same reasons.
FAQ
What is the correlation between BNC and QQQ?
As of 2026-08-27, the correlation of weekly returns between BNC and QQQ is -0.02 over 3 years, 0.02 over 1 year and 0.08 over 5 years.
Is QQQ a good diversifier for BNC?
By historical standards, yes. A correlation of -0.02 means the two rarely move for the same reasons.
What does a correlation of -0.02 mean?
On the −1 to +1 scale, -0.02 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: BNC correlations · QQQ correlations
