BQ vs QQQ: Correlation
Boqii Holding Limited Class A (BQ) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BQ and QQQ?
Across a 3-year window, the weekly returns of BQ and QQQ correlate at 0.09, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.14) sits close to the 3-year figure. Stretching to 5 years gives 0.11, with an annualized covariance of 487.3 %².
By 3-year correlation, QQQ places #10 of the 17 assets tracked against BQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 93.2 percentage points (-66.9% for BQ against +26.3% for QQQ). Note the risk asymmetry: BQ runs 14.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BQ vs QQQ: side by side
| BQ (Boqii Holding Limited Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -66.9% | +26.3% |
| 5-year return | -99.8% | +95.4% |
| Volatility (ann.) | 275.5% | 19.6% |
| Beta vs S&P 500 | 1.87 | 1.28 |
| Max drawdown (3Y) | -98.2% | -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 | BQ | QQQ |
|---|---|---|
| 2022 | -77.1% | -32.6% |
| 2023 | -88.5% | +54.9% |
| 2024 | -22.1% | +25.6% |
| 2025 | -43.6% | +20.8% |
| 2026 | -54.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BQ and QQQ good diversifiers for each other?
Yes. With a correlation of 0.09, BQ and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BQ and QQQ?
As of 2026-08-27, the correlation of weekly returns between BQ and QQQ is 0.09 over 3 years, 0.14 over 1 year and 0.11 over 5 years.
Is QQQ a good diversifier for BQ?
Yes. With a correlation of 0.09, BQ and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.09 mean?
A reading of 0.09 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
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Related comparisons
Hubs: BQ correlations · QQQ correlations
