BTT vs QQQ: Correlation
BlackRock Municipal 2030 Target Term Trust (BTT) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTT and QQQ?
Over the past 3 years, BTT and QQQ moved with a correlation of 0.29, which is weak. Recent behaviour matches the longer record: 0.38 over 1 year against 0.29 over 3. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 37.1 %².
QQQ is close to the least connected end of BTT's tracked universe, ranking #10 of 13. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 22.4 percentage points (+3.9% for BTT against +26.3% for QQQ). Risk is not evenly split, since QQQ carries 3.0 times the volatility of the other side.
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.
BTT vs QQQ: side by side
| BTT (BlackRock Municipal 2030 Target Term Trust) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +3.9% | +26.3% |
| 5-year return | -1.1% | +95.4% |
| Volatility (ann.) | 6.6% | 19.6% |
| Beta vs S&P 500 | 0.17 | 1.28 |
| Max drawdown (3Y) | -6.5% | -22.8% |
| Market cap | $1.4B | – |
| P/E (trailing) | 16.4 | – |
| Dividend yield | 2.46% | 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 | BTT | QQQ |
|---|---|---|
| 2022 | -15.2% | -32.6% |
| 2023 | +0.7% | +54.9% |
| 2024 | +1.6% | +25.6% |
| 2025 | +13.7% | +20.8% |
| 2026 | +0.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTT and QQQ good diversifiers for each other?
Reasonably. At 0.29, BTT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BTT and QQQ?
The BTT/QQQ correlation stands at 0.29 on a 3-year window (1 year: 0.38, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BTT?
Reasonably. At 0.29, BTT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 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/btt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/btt-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BTT correlations · QQQ correlations
