BRNX vs QQQ: Correlation
How closely do BrenX Ltd. (BRNX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.03, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRNX and QQQ?
On 3 years of weekly data the BRNX/QQQ correlation comes out at 0.03, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.05 over 1 year against 0.03 over 3. The 5-year figure is 0.03, and annualized covariance runs at 350.4 %².
By 3-year correlation, QQQ places #17 of the 26 assets tracked against BRNX. The last year tells two different stories: QQQ led by 121.2 percentage points, -94.9% for BRNX against +26.3% for QQQ. One caveat on sizing: BRNX is 27.5 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.
BRNX vs QQQ: side by side
| BRNX (BrenX Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -94.9% | +26.3% |
| 5-year return | -99.9% | +95.4% |
| Volatility (ann.) | 539.2% | 19.6% |
| Beta vs S&P 500 | 1.25 | 1.28 |
| Max drawdown (3Y) | -100.0% | -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 | BRNX | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -57.4% | +54.9% |
| 2024 | -77.8% | +25.6% |
| 2025 | -92.4% | +20.8% |
| 2026 | -77.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRNX and QQQ good diversifiers for each other?
Yes. With a correlation of 0.03, BRNX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BRNX and QQQ?
The BRNX/QQQ correlation stands at 0.03 on a 3-year window (1 year: 0.05, 5 years: 0.03), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BRNX?
Yes. With a correlation of 0.03, BRNX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.03 mean?
A reading of 0.03 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
$ curl https://www.pairbook.io/api/v1/pairs/brnx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/brnx-vs-qqq/)
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Related comparisons
Hubs: BRNX correlations · QQQ correlations
