BOX vs QQQ: Correlation
Box, Inc. (BOX) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOX and QQQ?
On 3 years of weekly data the BOX/QQQ correlation comes out at 0.24, weak. The relationship has been stable: the 1-year correlation (0.19) sits close to the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 144.5 %².
QQQ is close to the least connected end of BOX's tracked universe, ranking #8 of 11. The last year tells two different stories: QQQ led by 19.3 percentage points, +7.0% for BOX against +26.3% for QQQ. One caveat on sizing: BOX is 1.6 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.
BOX vs QQQ: side by side
| BOX (Box, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +7.0% | +26.3% |
| 5-year return | +35.7% | +95.4% |
| Volatility (ann.) | 31.3% | 19.6% |
| Beta vs S&P 500 | 0.61 | 1.28 |
| Max drawdown (3Y) | -44.6% | -22.8% |
| Market cap | $4.8B | – |
| P/E (trailing) | 48.9 | – |
| 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 | BOX | QQQ |
|---|---|---|
| 2022 | +18.9% | -32.6% |
| 2023 | -17.7% | +54.9% |
| 2024 | +23.4% | +25.6% |
| 2025 | -5.3% | +20.8% |
| 2026 | +16.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOX and QQQ good diversifiers for each other?
Reasonably. At 0.24, BOX and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BOX and QQQ?
The BOX/QQQ correlation stands at 0.24 on a 3-year window (1 year: 0.19, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BOX?
Reasonably. At 0.24, BOX and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 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/box-vs-qqq.json
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Related comparisons
Hubs: BOX correlations · QQQ correlations
