BVS vs QQQ: Correlation
Bioventus Inc. (BVS) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BVS and QQQ?
On 3 years of weekly data the BVS/QQQ correlation comes out at 0.14, weak. The past 12 months show a weaker link (0.02) than the 3-year average (0.14). The 5-year figure is 0.14, and annualized covariance runs at 143.7 %².
Among the 11 assets we track against BVS, QQQ sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with BVS ahead by 57.8 points (+84.1% versus +26.3%). Note the risk asymmetry: BVS runs 2.7 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.
BVS vs QQQ: side by side
| BVS (Bioventus Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +84.1% | +26.3% |
| 5-year return | -6.2% | +95.4% |
| Volatility (ann.) | 52.7% | 19.6% |
| Beta vs S&P 500 | 0.89 | 1.28 |
| Max drawdown (3Y) | -55.2% | -22.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | 17.9 | – |
| 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 | BVS | QQQ |
|---|---|---|
| 2022 | -82.0% | -32.6% |
| 2023 | +101.9% | +54.9% |
| 2024 | +99.2% | +25.6% |
| 2025 | -29.1% | +20.8% |
| 2026 | +85.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BVS and QQQ good diversifiers for each other?
Yes. With a correlation of 0.14, BVS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BVS and QQQ?
As of 2026-08-27, the correlation of weekly returns between BVS and QQQ is 0.14 over 3 years, 0.02 over 1 year and 0.14 over 5 years.
Is QQQ a good diversifier for BVS?
Yes. With a correlation of 0.14, BVS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.14 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.
Use this data
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Related comparisons
Hubs: BVS correlations · QQQ correlations
