BON vs QQQ: Correlation
Measured on weekly returns over the past three years, Bon Natural Life Limited - Class A (BON) and Invesco QQQ Trust (QQQ) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BON and QQQ?
Across a 3-year window, the weekly returns of BON and QQQ correlate at 0.25, weak. The link has loosened recently: the 1-year correlation (0.09) runs below the 3-year figure (0.25). Stretching to 5 years gives 0.14, with an annualized covariance of 467.9 %².
Among the 12 assets we track against BON, QQQ ranks #7 by 3-year correlation. The last year tells two different stories: QQQ led by 44.3 percentage points, -18.0% for BON against +26.3% for QQQ. Risk is not evenly split, since BON carries 4.8 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.
BON vs QQQ: side by side
| BON (Bon Natural Life Limited - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -18.0% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 94.3% | 19.6% |
| Beta vs S&P 500 | 1.69 | 1.28 |
| Max drawdown (3Y) | -99.4% | -22.8% |
| Market cap | – | – |
| 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 | BON | QQQ |
|---|---|---|
| 2022 | -76.2% | -32.6% |
| 2023 | -48.9% | +54.9% |
| 2024 | -67.2% | +25.6% |
| 2025 | -96.4% | +20.8% |
| 2026 | -28.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BON and QQQ good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BON and QQQ?
As of 2026-08-27, the correlation of weekly returns between BON and QQQ is 0.25 over 3 years, 0.09 over 1 year and 0.14 over 5 years.
Is QQQ a good diversifier for BON?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 mean?
A reading of 0.25 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/bon-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bon-vs-qqq/)
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Related comparisons
Hubs: BON correlations · QQQ correlations
