BNT vs QQQ: Correlation
How closely do Brookfield Wealth Solutions Ltd. Class A Exchangeable (BNT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNT and QQQ?
Across a 3-year window, the weekly returns of BNT and QQQ correlate at 0.64, strong. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Stretching to 5 years gives 0.65, with an annualized covariance of 352.4 %².
Within BNT's tracked universe of 28 assets, QQQ comes in at #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.
BNT vs QQQ: side by side
| BNT (Brookfield Wealth Solutions Ltd. Class A Exchangeable) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -4.5% | +26.3% |
| 5-year return | +3.6% | +95.4% |
| Volatility (ann.) | 28.1% | 19.6% |
| Beta vs S&P 500 | 1.44 | 1.28 |
| Max drawdown (3Y) | -27.6% | -22.8% |
| Market cap | $11.4B | – |
| P/E (trailing) | 50.0 | – |
| 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 | BNT | QQQ |
|---|---|---|
| 2022 | -49.5% | -32.6% |
| 2023 | +30.1% | +54.9% |
| 2024 | +43.3% | +25.6% |
| 2025 | +20.6% | +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 BNT and QQQ good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BNT and QQQ?
The BNT/QQQ correlation stands at 0.64 on a 3-year window (1 year: 0.61, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BNT?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bnt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bnt-vs-qqq/)
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Related comparisons
Hubs: BNT correlations · QQQ correlations
