BXSL vs QQQ: Correlation
Blackstone Secured Lending Fund (BXSL) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXSL and QQQ?
Over the past 3 years, BXSL and QQQ moved with a correlation of 0.28, which is weak. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 94.8 %².
Out of 11 assets tracked against BXSL, QQQ lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 32.6 percentage points (-6.3% for BXSL 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.
BXSL vs QQQ: side by side
| BXSL (Blackstone Secured Lending Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -6.3% | +26.3% |
| 5-year return | +49.3% | +95.4% |
| Volatility (ann.) | 17.4% | 19.6% |
| Beta vs S&P 500 | 0.45 | 1.28 |
| Max drawdown (3Y) | -24.2% | -22.8% |
| Market cap | $5.8B | – |
| P/E (trailing) | 19.6 | – |
| Dividend yield | 12.35% | 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 | BXSL | QQQ |
|---|---|---|
| 2022 | -26.0% | -32.6% |
| 2023 | +37.8% | +54.9% |
| 2024 | +29.0% | +25.6% |
| 2025 | -9.4% | +20.8% |
| 2026 | +0.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXSL and QQQ good diversifiers for each other?
Reasonably. At 0.28, BXSL and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BXSL and QQQ?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.27 over the last year and 0.33 over 5 years.
Is QQQ a good diversifier for BXSL?
Reasonably. At 0.28, BXSL and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 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/bxsl-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bxsl-vs-qqq/)
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Related comparisons
Hubs: BXSL correlations · QQQ correlations
