BTCT vs QQQ: Correlation
How closely do BTC Digital Ltd. (BTCT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.07, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTCT and QQQ?
On 3 years of weekly data the BTCT/QQQ correlation comes out at -0.07, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.07) than the 3-year average (-0.07). The 5-year figure is -0.00, and annualized covariance runs at -834.8 %².
By 3-year correlation, QQQ places #16 of the 52 assets tracked against BTCT. Correlation aside, the last 12 months split them widely, with QQQ ahead by 46.5 points (-20.2% versus +26.3%). Note the risk asymmetry: BTCT runs 29.2 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.
BTCT vs QQQ: side by side
| BTCT (BTC Digital Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -20.2% | +26.3% |
| 5-year return | -99.5% | +95.4% |
| Volatility (ann.) | 571.6% | 19.6% |
| Beta vs S&P 500 | -2.21 | 1.28 |
| Max drawdown (3Y) | -97.8% | -22.8% |
| Market cap | – | – |
| 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 | BTCT | QQQ |
|---|---|---|
| 2022 | -97.6% | -32.6% |
| 2023 | +33.9% | +54.9% |
| 2024 | -0.8% | +25.6% |
| 2025 | -72.8% | +20.8% |
| 2026 | +61.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTCT and QQQ good diversifiers for each other?
Yes: at -0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BTCT and QQQ?
The BTCT/QQQ correlation stands at -0.07 on a 3-year window (1 year: 0.07, 5 years: -0.00), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BTCT?
Yes: at -0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.07 mean?
A reading of -0.07 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
$ curl https://www.pairbook.io/api/v1/pairs/btct-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/btct-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BTCT correlations · QQQ correlations
