BSRR vs QQQ: Correlation
Sierra Bancorp (BSRR) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSRR and QQQ?
Across a 3-year window, the weekly returns of BSRR and QQQ correlate at 0.24, weak. The past 12 months show a weaker link (0.09) than the 3-year average (0.24). Stretching to 5 years gives 0.27, with an annualized covariance of 147.8 %².
Among the 14 assets we track against BSRR, QQQ sits near the bottom by co-movement, at rank #11. Over the last 12 months BSRR came out ahead by 6.3 percentage points (+32.6% against +26.3%). Note the risk asymmetry: BSRR runs 1.6 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.
BSRR vs QQQ: side by side
| BSRR (Sierra Bancorp) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +32.6% | +26.3% |
| 5-year return | +91.2% | +95.4% |
| Volatility (ann.) | 31.7% | 19.6% |
| Beta vs S&P 500 | 0.83 | 1.28 |
| Max drawdown (3Y) | -29.1% | -22.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | 11.7 | – |
| Dividend yield | 2.63% | 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 | BSRR | QQQ |
|---|---|---|
| 2022 | -18.6% | -32.6% |
| 2023 | +11.5% | +54.9% |
| 2024 | +33.3% | +25.6% |
| 2025 | +17.0% | +20.8% |
| 2026 | +24.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSRR and QQQ good diversifiers for each other?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BSRR and QQQ?
Using weekly returns as of 2026-08-27: 0.24 over 3 years, with 0.09 over the last year and 0.27 over 5 years.
Is QQQ a good diversifier for BSRR?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.24 mean?
A reading of 0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: BSRR correlations · QQQ correlations
