BTI vs QQQ: Correlation
Measured on weekly returns over the past three years, British American Tobacco Industries, p.l.c. (BTI) and Invesco QQQ Trust (QQQ) carry a correlation of -0.07, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTI and QQQ?
Across a 3-year window, the weekly returns of BTI and QQQ correlate at -0.07, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.19 versus -0.07 over 3 years. Stretching to 5 years gives 0.05, with an annualized covariance of -32.2 %².
Among the 21 assets we track against BTI, QQQ ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 21.5 points (+4.8% versus +26.3%).
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.
BTI vs QQQ: side by side
| BTI (British American Tobacco Industries, p.l.c.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +4.8% | +26.3% |
| 5-year return | +119.4% | +95.4% |
| Volatility (ann.) | 22.5% | 19.6% |
| Beta vs S&P 500 | 0.06 | 1.28 |
| Max drawdown (3Y) | -15.3% | -22.8% |
| Market cap | $121.2B | – |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 4.27% | 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 | BTI | QQQ |
|---|---|---|
| 2022 | +15.1% | -32.6% |
| 2023 | -20.1% | +54.9% |
| 2024 | +35.4% | +25.6% |
| 2025 | +65.8% | +20.8% |
| 2026 | +2.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTI and QQQ good diversifiers for each other?
Yes. With a correlation of -0.07, BTI and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BTI and QQQ?
As of 2026-08-27, the correlation of weekly returns between BTI and QQQ is -0.07 over 3 years, -0.19 over 1 year and 0.05 over 5 years.
Is QQQ a good diversifier for BTI?
Yes. With a correlation of -0.07, BTI and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.07 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.
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Related comparisons
Hubs: BTI correlations · QQQ correlations
