BWXT vs QQQ: Correlation
BWX Technologies, Inc. (BWXT) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWXT and QQQ?
On 3 years of weekly data the BWXT/QQQ correlation comes out at 0.42, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.42 over 3. The 5-year figure is 0.38, and annualized covariance runs at 274.9 %².
QQQ is close to the least connected end of BWXT's tracked universe, ranking #7 of 10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 31.6 percentage points (-5.3% for BWXT against +26.3% for QQQ). Note the risk asymmetry: BWXT runs 1.7 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.
BWXT vs QQQ: side by side
| BWXT (BWX Technologies, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -5.3% | +26.3% |
| 5-year return | +188.9% | +95.4% |
| Volatility (ann.) | 33.5% | 19.6% |
| Beta vs S&P 500 | 1.01 | 1.28 |
| Max drawdown (3Y) | -37.1% | -22.8% |
| Market cap | $14.3B | – |
| P/E (trailing) | 39.7 | – |
| Dividend yield | 0.68% | 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 | BWXT | QQQ |
|---|---|---|
| 2022 | +23.3% | -32.6% |
| 2023 | +33.9% | +54.9% |
| 2024 | +46.5% | +25.6% |
| 2025 | +56.4% | +20.8% |
| 2026 | -9.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWXT and QQQ good diversifiers for each other?
Reasonably. At 0.42, BWXT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BWXT and QQQ?
The BWXT/QQQ correlation stands at 0.42 on a 3-year window (1 year: 0.43, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BWXT?
Reasonably. At 0.42, BWXT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/bwxt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bwxt-vs-qqq/)
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Related comparisons
Hubs: BWXT correlations · QQQ correlations
