BVC vs QQQ: Correlation
Measured on weekly returns over the past three years, BitVentures Limited (BVC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.01, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BVC and QQQ?
Across a 3-year window, the weekly returns of BVC and QQQ correlate at 0.01, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.10 over 1 year against 0.01 over 3. Stretching to 5 years gives 0.02, with an annualized covariance of 64.7 %².
Within BVC's tracked universe of 19 assets, QQQ comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BVC outperformed by 1795.7 percentage points (+1822.0% for BVC against +26.3% for QQQ). Note the risk asymmetry: BVC runs 24.3 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.
BVC vs QQQ: side by side
| BVC (BitVentures Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1822.0% | +26.3% |
| 5-year return | +74.6% | +95.4% |
| Volatility (ann.) | 476.9% | 19.6% |
| Beta vs S&P 500 | 1.30 | 1.28 |
| Max drawdown (3Y) | -97.2% | -22.8% |
| Market cap | $2.1B | – |
| P/E (trailing) | 8.3 | – |
| 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 | BVC | QQQ |
|---|---|---|
| 2022 | +1.2% | -32.6% |
| 2023 | -67.4% | +54.9% |
| 2024 | -33.5% | +25.6% |
| 2025 | -7.3% | +20.8% |
| 2026 | +1002.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BVC and QQQ good diversifiers for each other?
Yes: at 0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BVC and QQQ?
The BVC/QQQ correlation stands at 0.01 on a 3-year window (1 year: 0.10, 5 years: 0.02), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BVC?
Yes: at 0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.01 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: BVC correlations · QQQ correlations
