BROS vs QQQ: Correlation
Dutch Bros Inc. (BROS) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BROS and QQQ?
Across a 3-year window, the weekly returns of BROS and QQQ correlate at 0.38, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.13 versus 0.38 over 3 years. Stretching to 5 years gives 0.46, with an annualized covariance of 421.6 %².
QQQ is close to the least connected end of BROS's tracked universe, ranking #7 of 10. Correlation aside, the last 12 months split them widely, with QQQ ahead by 57.0 points (-30.7% versus +26.3%). Note the risk asymmetry: BROS runs 2.9 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.
BROS vs QQQ: side by side
| BROS (Dutch Bros Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -30.7% | +26.3% |
| 5-year return | +38.2% | +95.4% |
| Volatility (ann.) | 57.0% | 19.6% |
| Beta vs S&P 500 | 1.67 | 1.28 |
| Max drawdown (3Y) | -45.3% | -22.8% |
| Market cap | $8.9B | – |
| P/E (trailing) | 70.4 | – |
| 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 | BROS | QQQ |
|---|---|---|
| 2022 | -44.6% | -32.6% |
| 2023 | +12.3% | +54.9% |
| 2024 | +65.4% | +25.6% |
| 2025 | +16.9% | +20.8% |
| 2026 | -17.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BROS and QQQ good diversifiers for each other?
Reasonably. At 0.38, BROS and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BROS and QQQ?
The BROS/QQQ correlation stands at 0.38 on a 3-year window (1 year: 0.13, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BROS?
Reasonably. At 0.38, BROS and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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
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Related comparisons
Hubs: BROS correlations · QQQ correlations
