BXMT vs QQQ: Correlation
Blackstone Mortgage Trust, Inc. (BXMT) 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 BXMT and QQQ?
Over the past 3 years, BXMT and QQQ moved with a correlation of 0.27, which is weak. The relationship has been stable: the 1-year correlation (0.17) sits close to the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 134.9 %².
Among the 12 assets we track against BXMT, QQQ sits near the bottom by co-movement, at rank #9. The last year tells two different stories: QQQ led by 47.6 percentage points, -21.3% for BXMT 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.
BXMT vs QQQ: side by side
| BXMT (Blackstone Mortgage Trust, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -21.3% | +26.3% |
| 5-year return | -28.8% | +95.4% |
| Volatility (ann.) | 25.8% | 19.6% |
| Beta vs S&P 500 | 0.63 | 1.28 |
| Max drawdown (3Y) | -29.8% | -22.8% |
| Market cap | $2.3B | – |
| P/E (trailing) | 172.6 | – |
| Dividend yield | 13.51% | 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 | BXMT | QQQ |
|---|---|---|
| 2022 | -24.0% | -32.6% |
| 2023 | +13.5% | +54.9% |
| 2024 | -7.9% | +25.6% |
| 2025 | +21.1% | +20.8% |
| 2026 | -24.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXMT and QQQ good diversifiers for each other?
Reasonably. At 0.27, BXMT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BXMT and QQQ?
As of 2026-08-27, the correlation of weekly returns between BXMT and QQQ is 0.27 over 3 years, 0.17 over 1 year and 0.39 over 5 years.
Is QQQ a good diversifier for BXMT?
Reasonably. At 0.27, BXMT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: BXMT correlations · QQQ correlations
