BSL vs QQQ: Correlation
Blackstone Senior Floating Rate 2027 Term Fund (BSL) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSL and QQQ?
Over the past 3 years, BSL and QQQ moved with a correlation of 0.35, which is moderate. The past 12 months show a tighter link (0.52) than the 3-year average (0.35). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 47.4 %².
Among the 10 assets we track against BSL, QQQ sits near the bottom by co-movement, at rank #7. The last year tells two different stories: QQQ led by 27.5 percentage points, -1.2% for BSL against +26.3% for QQQ. Risk is not evenly split, since QQQ carries 2.8 times the volatility of the other side.
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.
BSL vs QQQ: side by side
| BSL (Blackstone Senior Floating Rate 2027 Term Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -1.2% | +26.3% |
| 5-year return | +23.5% | +95.4% |
| Volatility (ann.) | 6.9% | 19.6% |
| Beta vs S&P 500 | 0.20 | 1.28 |
| Max drawdown (3Y) | -7.9% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 22.8 | – |
| Dividend yield | 8.86% | 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 | BSL | QQQ |
|---|---|---|
| 2022 | -22.9% | -32.6% |
| 2023 | +20.0% | +54.9% |
| 2024 | +18.2% | +25.6% |
| 2025 | +2.2% | +20.8% |
| 2026 | +0.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSL and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BSL and QQQ?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.52 over the last year and 0.37 over 5 years.
Is QQQ a good diversifier for BSL?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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
$ curl https://www.pairbook.io/api/v1/pairs/bsl-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bsl-vs-qqq/)
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Related comparisons
Hubs: BSL correlations · QQQ correlations
