BSET vs QQQ: Correlation
Bassett Furniture Industries, Incorporated (BSET) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.12.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSET and QQQ?
Across a 3-year window, the weekly returns of BSET and QQQ correlate at 0.12, weak. Lately the two have drifted apart, with the 1-year correlation at 0.01 versus 0.12 over 3 years. Stretching to 5 years gives 0.20, with an annualized covariance of 82.6 %².
Out of 10 assets tracked against BSET, QQQ lands near the bottom at #7. The trailing year gives QQQ the advantage: +18.7% versus +26.3%, a 7.6-point spread. Note the risk asymmetry: BSET runs 1.8 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.
BSET vs QQQ: side by side
| BSET (Bassett Furniture Industries, Incorporated) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +18.7% | +26.3% |
| 5-year return | +17.6% | +95.4% |
| Volatility (ann.) | 34.7% | 19.6% |
| Beta vs S&P 500 | 0.46 | 1.28 |
| Max drawdown (3Y) | -28.8% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 29.9 | – |
| Dividend yield | 4.21% | 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 | BSET | QQQ |
|---|---|---|
| 2022 | +15.6% | -32.6% |
| 2023 | -0.4% | +54.9% |
| 2024 | -12.1% | +25.6% |
| 2025 | +27.5% | +20.8% |
| 2026 | +16.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSET and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
FAQ
What is the correlation between BSET and QQQ?
Using weekly returns as of 2026-08-27: 0.12 over 3 years, with 0.01 over the last year and 0.20 over 5 years.
Is QQQ a good diversifier for BSET?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
What does a correlation of 0.12 mean?
A reading of 0.12 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BSET correlations · QQQ correlations
