BUR vs QQQ: Correlation
Measured on weekly returns over the past three years, Burford Capital Limited (BUR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUR and QQQ?
Over the past 3 years, BUR and QQQ moved with a correlation of 0.39, which is moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 356.5 %².
By 3-year correlation, QQQ places #7 of the 15 assets tracked against BUR. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 94.5 percentage points (-68.2% for BUR against +26.3% for QQQ). Risk is not evenly split, since BUR carries 2.4 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.
BUR vs QQQ: side by side
| BUR (Burford Capital Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -68.2% | +26.3% |
| 5-year return | -62.0% | +95.4% |
| Volatility (ann.) | 46.5% | 19.6% |
| Beta vs S&P 500 | 1.40 | 1.28 |
| Max drawdown (3Y) | -75.5% | -22.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.45% | 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 | BUR | QQQ |
|---|---|---|
| 2022 | -21.6% | -32.6% |
| 2023 | +93.3% | +54.9% |
| 2024 | -17.5% | +25.6% |
| 2025 | -29.7% | +20.8% |
| 2026 | -50.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUR and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BUR and QQQ?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.49 over the last year and 0.34 over 5 years.
Is QQQ a good diversifier for BUR?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bur-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bur-vs-qqq/)
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Related comparisons
Hubs: BUR correlations · QQQ correlations
