BULL vs QQQ: Correlation
How closely do Webull Corporation - Class A (BULL) 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 BULL and QQQ?
Across a 3-year window, the weekly returns of BULL and QQQ correlate at 0.07, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.53) than the 3-year average (0.07). Stretching to 5 years gives 0.05, with an annualized covariance of 111.4 %².
Out of 16 assets tracked against BULL, QQQ lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 60.0 percentage points (-33.7% for BULL against +26.3% for QQQ). Note the risk asymmetry: BULL runs 4.1 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.
BULL vs QQQ: side by side
| BULL (Webull Corporation - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -33.7% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 80.3% | 19.6% |
| Beta vs S&P 500 | 0.42 | 1.28 |
| Max drawdown (3Y) | -92.6% | -22.8% |
| Market cap | $5.1B | – |
| P/E (trailing) | 15.7 | – |
| 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 | BULL | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +6.3% | +54.9% |
| 2024 | +7.4% | +25.6% |
| 2025 | -33.2% | +20.8% |
| 2026 | +23.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BULL and QQQ good diversifiers for each other?
Yes. With a correlation of 0.07, BULL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BULL and QQQ?
The BULL/QQQ correlation stands at 0.07 on a 3-year window (1 year: 0.53, 5 years: 0.05), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BULL?
Yes. With a correlation of 0.07, BULL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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.
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Related comparisons
Hubs: BULL correlations · QQQ correlations
