BNED vs QQQ: Correlation
How closely do Barnes & Noble Education, Inc (BNED) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNED and QQQ?
Across a 3-year window, the weekly returns of BNED and QQQ correlate at 0.18, weak. Lately the two have moved closer together, with the 1-year correlation at 0.35 versus 0.18 over 3 years. Stretching to 5 years gives 0.21, with an annualized covariance of 395.1 %².
Out of 11 assets tracked against BNED, QQQ lands near the bottom at #7. On 12-month performance BNED holds a 14.8-point edge, +41.1% against +26.3%. Risk is not evenly split, since BNED carries 5.7 times the volatility of the other side.
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.
BNED vs QQQ: side by side
| BNED (Barnes & Noble Education, Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +41.1% | +26.3% |
| 5-year return | -98.4% | +95.4% |
| Volatility (ann.) | 111.9% | 19.6% |
| Beta vs S&P 500 | 1.64 | 1.28 |
| Max drawdown (3Y) | -97.3% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 25.5 | – |
| 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 | BNED | QQQ |
|---|---|---|
| 2022 | -74.3% | -32.6% |
| 2023 | -14.9% | +54.9% |
| 2024 | -93.3% | +25.6% |
| 2025 | -8.5% | +20.8% |
| 2026 | +33.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNED and QQQ good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BNED and QQQ?
The BNED/QQQ correlation stands at 0.18 on a 3-year window (1 year: 0.35, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BNED?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 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/bned-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bned-vs-qqq/)
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Related comparisons
Hubs: BNED correlations · QQQ correlations
