BSBK vs QQQ: Correlation
Bogota Financial Corp. (BSBK) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.03.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSBK and QQQ?
On 3 years of weekly data the BSBK/QQQ correlation comes out at 0.03, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.08) runs below the 3-year figure (0.03). The 5-year figure is 0.02, and annualized covariance runs at 11.7 %².
Within BSBK's tracked universe of 14 assets, QQQ comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 27.4 percentage points (-1.1% for BSBK against +26.3% for QQQ).
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.
BSBK vs QQQ: side by side
| BSBK (Bogota Financial Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -1.1% | +26.3% |
| 5-year return | -12.7% | +95.4% |
| Volatility (ann.) | 21.2% | 19.6% |
| Beta vs S&P 500 | 0.12 | 1.28 |
| Max drawdown (3Y) | -21.6% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 43.4 | – |
| 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 | BSBK | QQQ |
|---|---|---|
| 2022 | +9.8% | -32.6% |
| 2023 | -28.0% | +54.9% |
| 2024 | -6.8% | +25.6% |
| 2025 | +12.7% | +20.8% |
| 2026 | +7.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSBK and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
FAQ
What is the correlation between BSBK and QQQ?
The BSBK/QQQ correlation stands at 0.03 on a 3-year window (1 year: -0.08, 5 years: 0.02), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BSBK?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
What does a correlation of 0.03 mean?
On the −1 to +1 scale, 0.03 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: BSBK correlations · QQQ correlations
