BOC vs QQQ: Correlation
Measured on weekly returns over the past three years, Boston Omaha Corporation (BOC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.07, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOC and QQQ?
On 3 years of weekly data the BOC/QQQ correlation comes out at 0.07, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.20) than the 3-year average (0.07). The 5-year figure is 0.26, and annualized covariance runs at 43.0 %².
QQQ is close to the least connected end of BOC's tracked universe, ranking #9 of 12. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 24.8 percentage points (+1.5% for BOC against +26.3% for QQQ). One caveat on sizing: BOC is 1.5 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.
BOC vs QQQ: side by side
| BOC (Boston Omaha Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1.5% | +26.3% |
| 5-year return | -60.8% | +95.4% |
| Volatility (ann.) | 29.8% | 19.6% |
| Beta vs S&P 500 | 0.31 | 1.28 |
| Max drawdown (3Y) | -37.4% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| 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 | BOC | QQQ |
|---|---|---|
| 2022 | -7.8% | -32.6% |
| 2023 | -40.6% | +54.9% |
| 2024 | -9.9% | +25.6% |
| 2025 | -12.8% | +20.8% |
| 2026 | +11.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
FAQ
What is the correlation between BOC and QQQ?
The BOC/QQQ correlation stands at 0.07 on a 3-year window (1 year: -0.20, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BOC?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
What does a correlation of 0.07 mean?
A reading of 0.07 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/boc-vs-qqq/)
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Related comparisons
Hubs: BOC correlations · QQQ correlations
