BOTJ vs QQQ: Correlation
How closely do Bank of the James Financial Group, Inc. (BOTJ) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.07, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOTJ and QQQ?
Across a 3-year window, the weekly returns of BOTJ and QQQ correlate at 0.07, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.05 over 1 year against 0.07 over 3. Stretching to 5 years gives 0.14, with an annualized covariance of 32.9 %².
Among the 16 assets we track against BOTJ, QQQ ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BOTJ ahead by 52.2 points (+78.5% versus +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.
BOTJ vs QQQ: side by side
| BOTJ (Bank of the James Financial Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +78.5% | +26.3% |
| 5-year return | +119.5% | +95.4% |
| Volatility (ann.) | 25.5% | 19.6% |
| Beta vs S&P 500 | 0.22 | 1.28 |
| Max drawdown (3Y) | -27.8% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 10.6 | – |
| Dividend yield | 1.50% | 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 | BOTJ | QQQ |
|---|---|---|
| 2022 | -21.2% | -32.6% |
| 2023 | +5.8% | +54.9% |
| 2024 | +34.1% | +25.6% |
| 2025 | +20.3% | +20.8% |
| 2026 | +46.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOTJ 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 BOTJ and QQQ?
As of 2026-08-27, the correlation of weekly returns between BOTJ and QQQ is 0.07 over 3 years, 0.05 over 1 year and 0.14 over 5 years.
Is QQQ a good diversifier for BOTJ?
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?
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.
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Related comparisons
Hubs: BOTJ correlations · QQQ correlations
