BXP vs QQQ: Correlation
BXP, Inc. (BXP) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXP and QQQ?
On 3 years of weekly data the BXP/QQQ correlation comes out at 0.30, moderate. Little has changed lately, as the 1-year reading of 0.21 lands near the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 192.8 %².
Within BXP's tracked universe of 45 assets, QQQ comes in at #35 by 3-year correlation. The last year tells two different stories: QQQ led by 23.4 percentage points, +2.9% for BXP against +26.3% for QQQ. The rolling one-year correlation moved between 0.12 and 0.50 over the past three years, a moderate range. One caveat on sizing: BXP 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.
BXP vs QQQ: side by side
| BXP (BXP, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +2.9% | +26.3% |
| 5-year return | -18.9% | +95.4% |
| Volatility (ann.) | 33.1% | 19.6% |
| Beta vs S&P 500 | 1.02 | 1.28 |
| Max drawdown (3Y) | -39.0% | -22.8% |
| Market cap | $12.7B | – |
| P/E (trailing) | 37.8 | – |
| Dividend yield | 3.98% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Real Estate | 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 | BXP | QQQ |
|---|---|---|
| 2022 | -38.6% | -32.6% |
| 2023 | +11.0% | +54.9% |
| 2024 | +12.3% | +25.6% |
| 2025 | -4.7% | +20.8% |
| 2026 | +6.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXP and QQQ good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BXP and QQQ?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.21 over the last year and 0.35 over 5 years.
Is QQQ a good diversifier for BXP?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 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
$ curl https://www.pairbook.io/api/v1/pairs/bxp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bxp-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BXP correlations · QQQ correlations
