BPOP vs QQQ: Correlation
Popular, Inc. (BPOP) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BPOP and QQQ?
Over the past 3 years, BPOP and QQQ moved with a correlation of 0.32, which is moderate. The link has loosened recently: the 1-year correlation (0.06) runs below the 3-year figure (0.32). Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 163.3 %².
QQQ is close to the least connected end of BPOP's tracked universe, ranking #9 of 12. The trailing year gives BPOP the advantage: +39.2% versus +26.3%, a 12.9-point spread.
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.
BPOP vs QQQ: side by side
| BPOP (Popular, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +39.2% | +26.3% |
| 5-year return | +157.8% | +95.4% |
| Volatility (ann.) | 26.3% | 19.6% |
| Beta vs S&P 500 | 0.84 | 1.28 |
| Max drawdown (3Y) | -22.6% | -22.8% |
| Market cap | $10.8B | – |
| P/E (trailing) | 11.5 | – |
| Dividend yield | 1.77% | 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 | BPOP | QQQ |
|---|---|---|
| 2022 | -16.8% | -32.6% |
| 2023 | +28.3% | +54.9% |
| 2024 | +17.9% | +25.6% |
| 2025 | +36.0% | +20.8% |
| 2026 | +37.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BPOP and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BPOP and QQQ?
The BPOP/QQQ correlation stands at 0.32 on a 3-year window (1 year: 0.06, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BPOP?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 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
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Related comparisons
Hubs: BPOP correlations · QQQ correlations
