BOE vs QQQ: Correlation
Measured on weekly returns over the past three years, Blackrock Enhanced Global Dividend Trust (BOE) and Invesco QQQ Trust (QQQ) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOE and QQQ?
Over the past 3 years, BOE and QQQ moved with a correlation of 0.73, which is strong. The relationship has been stable: the 1-year correlation (0.70) sits close to the 3-year figure. Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 197.2 %².
Within BOE's tracked universe of 27 assets, QQQ comes in at #14 by 3-year correlation. Over the last 12 months QQQ came out ahead by 8.6 percentage points (+17.7% against +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.
BOE vs QQQ: side by side
| BOE (Blackrock Enhanced Global Dividend Trust) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +17.7% | +26.3% |
| 5-year return | +46.4% | +95.4% |
| Volatility (ann.) | 13.8% | 19.6% |
| Beta vs S&P 500 | 0.79 | 1.28 |
| Max drawdown (3Y) | -14.5% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 6.8 | – |
| Dividend yield | 7.95% | 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 | BOE | QQQ |
|---|---|---|
| 2022 | -15.5% | -32.6% |
| 2023 | +12.0% | +54.9% |
| 2024 | +16.8% | +25.6% |
| 2025 | +18.8% | +20.8% |
| 2026 | +12.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOE and QQQ good diversifiers for each other?
To a limited degree. At 0.73 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 BOE and QQQ?
The BOE/QQQ correlation stands at 0.73 on a 3-year window (1 year: 0.70, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BOE?
To a limited degree. At 0.73 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 0.73 mean?
A reading of 0.73 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
$ curl https://www.pairbook.io/api/v1/pairs/boe-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/boe-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BOE correlations · QQQ correlations
