BWFG vs QQQ: Correlation
Bankwell Financial Group, Inc. (BWFG) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWFG and QQQ?
On 3 years of weekly data the BWFG/QQQ correlation comes out at 0.27, weak. Lately the two have drifted apart, with the 1-year correlation at 0.02 versus 0.27 over 3 years. The 5-year figure is 0.28, and annualized covariance runs at 141.3 %².
Out of 13 assets tracked against BWFG, QQQ lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months BWFG outperformed by 31.2 percentage points (+57.5% for BWFG against +26.3% for QQQ).
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.
BWFG vs QQQ: side by side
| BWFG (Bankwell Financial Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +57.5% | +26.3% |
| 5-year return | +149.4% | +95.4% |
| Volatility (ann.) | 26.8% | 19.6% |
| Beta vs S&P 500 | 0.73 | 1.28 |
| Max drawdown (3Y) | -24.7% | -22.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | 12.3 | – |
| Dividend yield | 1.22% | 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 | BWFG | QQQ |
|---|---|---|
| 2022 | -8.2% | -32.6% |
| 2023 | +5.8% | +54.9% |
| 2024 | +6.4% | +25.6% |
| 2025 | +50.3% | +20.8% |
| 2026 | +46.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWFG and QQQ good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BWFG and QQQ?
As of 2026-08-27, the correlation of weekly returns between BWFG and QQQ is 0.27 over 3 years, 0.02 over 1 year and 0.28 over 5 years.
Is QQQ a good diversifier for BWFG?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
A reading of 0.27 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/bwfg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bwfg-vs-qqq/)
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Related comparisons
Hubs: BWFG correlations · QQQ correlations
