BWMX vs QQQ: Correlation
How closely do Betterware de Mexico, S.A.P.I. de C.V. (BWMX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.23, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWMX and QQQ?
Across a 3-year window, the weekly returns of BWMX and QQQ correlate at 0.23, weak. Lately the two have drifted apart, with the 1-year correlation at 0.10 versus 0.23 over 3 years. Stretching to 5 years gives 0.24, with an annualized covariance of 209.9 %².
Out of 10 assets tracked against BWMX, QQQ lands near the bottom at #7. Neither side won the trailing year by much: +25.6% against +26.3%. Risk is not evenly split, since BWMX carries 2.3 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.
BWMX vs QQQ: side by side
| BWMX (Betterware de Mexico, S.A.P.I. de C.V.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +25.6% | +26.3% |
| 5-year return | -40.9% | +95.4% |
| Volatility (ann.) | 45.7% | 19.6% |
| Beta vs S&P 500 | 0.88 | 1.28 |
| Max drawdown (3Y) | -57.5% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | 6.1 | – |
| Dividend yield | 66.63% | 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 | BWMX | QQQ |
|---|---|---|
| 2022 | -66.1% | -32.6% |
| 2023 | +133.9% | +54.9% |
| 2024 | -12.0% | +25.6% |
| 2025 | +37.3% | +20.8% |
| 2026 | +18.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWMX and QQQ good diversifiers for each other?
Reasonably. At 0.23, BWMX and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BWMX and QQQ?
As of 2026-08-27, the correlation of weekly returns between BWMX and QQQ is 0.23 over 3 years, 0.10 over 1 year and 0.24 over 5 years.
Is QQQ a good diversifier for BWMX?
Reasonably. At 0.23, BWMX and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.23 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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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bwmx-vs-qqq/)
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Related comparisons
Hubs: BWMX correlations · QQQ correlations
