BX vs QQQ: Correlation
How closely do Blackstone Inc. (BX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BX and QQQ?
On 3 years of weekly data the BX/QQQ correlation comes out at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. The 5-year figure is 0.62, and annualized covariance runs at 320.3 %².
Within BX's tracked universe of 35 assets, QQQ comes in at #22 by 3-year correlation. The last year tells two different stories: QQQ led by 39.2 percentage points, -12.9% for BX against +26.3% for QQQ. The rolling one-year correlation moved between 0.37 and 0.75 over the past three years, a moderate range. One caveat on sizing: BX is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BX vs QQQ: side by side
| BX (Blackstone Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -12.9% | +26.3% |
| 5-year return | +37.5% | +95.4% |
| Volatility (ann.) | 34.0% | 19.6% |
| Beta vs S&P 500 | 1.36 | 1.28 |
| Max drawdown (3Y) | -46.5% | -22.8% |
| Market cap | $171.7B | – |
| P/E (trailing) | 32.1 | – |
| Dividend yield | 3.65% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | BX | QQQ |
|---|---|---|
| 2022 | -40.0% | -32.6% |
| 2023 | +82.7% | +54.9% |
| 2024 | +35.1% | +25.6% |
| 2025 | -7.8% | +20.8% |
| 2026 | -3.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BX and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BX and QQQ?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.40 over the last year and 0.62 over 5 years.
Is QQQ a good diversifier for BX?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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.
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Related comparisons
Hubs: BX correlations · QQQ correlations
