BORR vs QQQ: Correlation
How closely do Borr Drilling Limited (BORR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.19, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BORR and QQQ?
Over the past 3 years, BORR and QQQ moved with a correlation of 0.19, which is weak. Lately the two have drifted apart, with the 1-year correlation at -0.07 versus 0.19 over 3 years. Over 5 years the correlation is 0.11, and the annualized covariance of weekly returns is 217.4 %².
Among the 12 assets we track against BORR, QQQ sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months BORR outperformed by 28.6 percentage points (+54.9% for BORR against +26.3% for QQQ). Risk is not evenly split, since BORR carries 3.0 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.
BORR vs QQQ: side by side
| BORR (Borr Drilling Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +54.9% | +26.3% |
| 5-year return | +246.5% | +95.4% |
| Volatility (ann.) | 58.6% | 19.6% |
| Beta vs S&P 500 | 1.05 | 1.28 |
| Max drawdown (3Y) | -77.1% | -22.8% |
| Market cap | $1.4B | – |
| 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 | BORR | QQQ |
|---|---|---|
| 2022 | +141.3% | -32.6% |
| 2023 | +48.1% | +54.9% |
| 2024 | -43.3% | +25.6% |
| 2025 | +4.2% | +20.8% |
| 2026 | +12.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BORR and QQQ good diversifiers for each other?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BORR and QQQ?
The BORR/QQQ correlation stands at 0.19 on a 3-year window (1 year: -0.07, 5 years: 0.11), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BORR?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.19 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/borr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/borr-vs-qqq/)
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Related comparisons
Hubs: BORR correlations · QQQ correlations
