BNY vs QQQ: Correlation
Measured on weekly returns over the past three years, BNY Mellon (BNY) and Invesco QQQ Trust (QQQ) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNY and QQQ?
On 3 years of weekly data the BNY/QQQ correlation comes out at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.32 versus 0.50 over 3 years. The 5-year figure is 0.47, and annualized covariance runs at 196.6 %².
By 3-year correlation, QQQ places #19 of the 31 assets tracked against BNY. The last year tells two different stories: BNY led by 30.9 percentage points, +57.2% for BNY against +26.3% for QQQ. The rolling one-year correlation moved between 0.26 and 0.71 over the past three years, a moderate range.
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.
BNY vs QQQ: side by side
| BNY (BNY Mellon) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +57.2% | +26.3% |
| 5-year return | +236.7% | +95.4% |
| Volatility (ann.) | 20.2% | 19.6% |
| Beta vs S&P 500 | 0.89 | 1.28 |
| Max drawdown (3Y) | -17.6% | -22.8% |
| Market cap | $110.1B | – |
| P/E (trailing) | 19.0 | – |
| Dividend yield | 1.30% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | BNY | QQQ |
|---|---|---|
| 2022 | -19.1% | -32.6% |
| 2023 | +18.5% | +54.9% |
| 2024 | +51.9% | +25.6% |
| 2025 | +54.4% | +20.8% |
| 2026 | +41.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNY and QQQ good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BNY and QQQ?
As of 2026-08-27, the correlation of weekly returns between BNY and QQQ is 0.50 over 3 years, 0.32 over 1 year and 0.47 over 5 years.
Is QQQ a good diversifier for BNY?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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
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[](https://www.pairbook.io/pair/bny-vs-qqq/)
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Related comparisons
Hubs: BNY correlations · QQQ correlations
