BRLS vs QQQ: Correlation
How closely do Borealis Foods Inc. - Class A (BRLS) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.02, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRLS and QQQ?
Over the past 3 years, BRLS and QQQ moved with a correlation of 0.02, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.07) sits close to the 3-year figure. Over 5 years the correlation is 0.01, and the annualized covariance of weekly returns is 52.9 %².
Within BRLS's tracked universe of 21 assets, QQQ comes in at #6 by 3-year correlation. The last year tells two different stories: QQQ led by 88.0 percentage points, -61.7% for BRLS against +26.3% for QQQ. Note the risk asymmetry: BRLS runs 8.2 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.
BRLS vs QQQ: side by side
| BRLS (Borealis Foods Inc. - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -61.7% | +26.3% |
| 5-year return | -88.7% | +95.4% |
| Volatility (ann.) | 160.0% | 19.6% |
| Beta vs S&P 500 | -0.09 | 1.28 |
| Max drawdown (3Y) | -94.8% | -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 | BRLS | QQQ |
|---|---|---|
| 2022 | +4.6% | -32.6% |
| 2023 | +9.5% | +54.9% |
| 2024 | -47.3% | +25.6% |
| 2025 | -66.5% | +20.8% |
| 2026 | -44.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRLS and QQQ good diversifiers for each other?
Yes. With a correlation of 0.02, BRLS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BRLS and QQQ?
Using weekly returns as of 2026-08-27: 0.02 over 3 years, with -0.07 over the last year and 0.01 over 5 years.
Is QQQ a good diversifier for BRLS?
Yes. With a correlation of 0.02, BRLS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.02 mean?
On the −1 to +1 scale, 0.02 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brls-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/brls-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRLS correlations · QQQ correlations
