BVN vs QQQ: Correlation
Measured on weekly returns over the past three years, Buenaventura Mining Company Inc. (BVN) and Invesco QQQ Trust (QQQ) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BVN and QQQ?
On 3 years of weekly data the BVN/QQQ correlation comes out at 0.28, weak. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. The 5-year figure is 0.17, and annualized covariance runs at 247.8 %².
Out of 11 assets tracked against BVN, QQQ lands near the bottom at #7. Correlation aside, the last 12 months split them widely, with BVN ahead by 74.3 points (+100.6% versus +26.3%). Note the risk asymmetry: BVN runs 2.3 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.
BVN vs QQQ: side by side
| BVN (Buenaventura Mining Company Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +100.6% | +26.3% |
| 5-year return | +411.8% | +95.4% |
| Volatility (ann.) | 44.9% | 19.6% |
| Beta vs S&P 500 | 0.86 | 1.28 |
| Max drawdown (3Y) | -38.3% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 8.8 | – |
| Dividend yield | 3.14% | 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 | BVN | QQQ |
|---|---|---|
| 2022 | +2.5% | -32.6% |
| 2023 | +106.5% | +54.9% |
| 2024 | -24.1% | +25.6% |
| 2025 | +146.4% | +20.8% |
| 2026 | +34.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BVN and QQQ good diversifiers for each other?
Reasonably. At 0.28, BVN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BVN and QQQ?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.29 over the last year and 0.17 over 5 years.
Is QQQ a good diversifier for BVN?
Reasonably. At 0.28, BVN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 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/bvn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bvn-vs-qqq/)
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Related comparisons
Hubs: BVN correlations · QQQ correlations
