BTOG vs QQQ: Correlation
How closely do Bit Origin Limited - Class A (BTOG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTOG and QQQ?
Across a 3-year window, the weekly returns of BTOG and QQQ correlate at 0.12, weak. The past 12 months show a tighter link (0.38) than the 3-year average (0.12). Stretching to 5 years gives 0.11, with an annualized covariance of 557.5 %².
QQQ is close to the least connected end of BTOG's tracked universe, ranking #8 of 12. Correlation aside, the last 12 months split them widely, with QQQ ahead by 123.5 points (-97.2% versus +26.3%). Note the risk asymmetry: BTOG runs 11.7 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.
BTOG vs QQQ: side by side
| BTOG (Bit Origin Limited - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -97.2% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 229.6% | 19.6% |
| Beta vs S&P 500 | 1.61 | 1.28 |
| Max drawdown (3Y) | -99.9% | -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 | BTOG | QQQ |
|---|---|---|
| 2022 | -87.2% | -32.6% |
| 2023 | -21.4% | +54.9% |
| 2024 | -76.4% | +25.6% |
| 2025 | -82.4% | +20.8% |
| 2026 | -93.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTOG and QQQ good diversifiers for each other?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BTOG and QQQ?
The BTOG/QQQ correlation stands at 0.12 on a 3-year window (1 year: 0.38, 5 years: 0.11), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BTOG?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.12 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
$ curl https://www.pairbook.io/api/v1/pairs/btog-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/btog-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BTOG correlations · QQQ correlations
