BTBT vs QQQ: Correlation
Measured on weekly returns over the past three years, Bit Digital, Inc. (BTBT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTBT and QQQ?
Over the past 3 years, BTBT and QQQ moved with a correlation of 0.41, which is moderate. The link has tightened recently: the 1-year correlation (0.61) runs above the 3-year figure (0.41). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 677.9 %².
Within BTBT's tracked universe of 24 assets, QQQ comes in at #16 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 68.3 points (-42.0% versus +26.3%). One caveat on sizing: BTBT is 4.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BTBT vs QQQ: side by side
| BTBT (Bit Digital, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -42.0% | +26.3% |
| 5-year return | -87.6% | +95.4% |
| Volatility (ann.) | 85.4% | 19.6% |
| Beta vs S&P 500 | 2.24 | 1.28 |
| Max drawdown (3Y) | -78.1% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| 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 | BTBT | QQQ |
|---|---|---|
| 2022 | -90.1% | -32.6% |
| 2023 | +605.0% | +54.9% |
| 2024 | -30.7% | +25.6% |
| 2025 | -35.5% | +20.8% |
| 2026 | -15.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTBT and QQQ good diversifiers for each other?
Reasonably. At 0.41, BTBT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BTBT and QQQ?
As of 2026-08-27, the correlation of weekly returns between BTBT and QQQ is 0.41 over 3 years, 0.61 over 1 year and 0.46 over 5 years.
Is QQQ a good diversifier for BTBT?
Reasonably. At 0.41, BTBT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: BTBT correlations · QQQ correlations
