BRO vs QQQ: Correlation
How closely do Brown & Brown (BRO) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.09, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRO and QQQ?
Across a 3-year window, the weekly returns of BRO and QQQ correlate at 0.09, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.12) than the 3-year average (0.09). Stretching to 5 years gives 0.33, with an annualized covariance of 44.2 %².
By 3-year correlation, QQQ places #25 of the 35 assets tracked against BRO. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 51.3 percentage points (-25.0% for BRO against +26.3% for QQQ). Across three years, the rolling one-year figure varied moderately, from -0.10 to 0.36.
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.
BRO vs QQQ: side by side
| BRO (Brown & Brown) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -25.0% | +26.3% |
| 5-year return | +27.5% | +95.4% |
| Volatility (ann.) | 24.4% | 19.6% |
| Beta vs S&P 500 | 0.39 | 1.28 |
| Max drawdown (3Y) | -55.8% | -22.8% |
| Market cap | $23.9B | – |
| P/E (trailing) | 23.3 | – |
| Dividend yield | 0.89% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | BRO | QQQ |
|---|---|---|
| 2022 | -18.4% | -32.6% |
| 2023 | +25.7% | +54.9% |
| 2024 | +44.3% | +25.6% |
| 2025 | -21.4% | +20.8% |
| 2026 | -9.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRO and QQQ good diversifiers for each other?
Yes. With a correlation of 0.09, BRO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BRO and QQQ?
The BRO/QQQ correlation stands at 0.09 on a 3-year window (1 year: -0.12, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BRO?
Yes. With a correlation of 0.09, BRO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.09 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/bro-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bro-vs-qqq/)
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Related comparisons
Hubs: BRO correlations · QQQ correlations
