BYND vs QQQ: Correlation
Measured on weekly returns over the past three years, Beyond Meat, Inc. (BYND) and Invesco QQQ Trust (QQQ) carry a correlation of 0.02, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYND and QQQ?
Over the past 3 years, BYND and QQQ moved with a correlation of 0.02, which is near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.03 over 1 year against 0.02 over 3. Over 5 years the correlation is 0.03, and the annualized covariance of weekly returns is 1024.1 %².
Out of 10 assets tracked against BYND, QQQ lands near the bottom at #7. The last year tells two different stories: BYND led by 414.2 percentage points, +440.5% for BYND against +26.3% for QQQ. Note the risk asymmetry: BYND runs 111.8 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.
BYND vs QQQ: side by side
| BYND (Beyond Meat, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +440.5% | +26.3% |
| 5-year return | -88.4% | +95.4% |
| Volatility (ann.) | 2192.0% | 19.6% |
| Beta vs S&P 500 | 5.06 | 1.28 |
| Max drawdown (3Y) | -97.2% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 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 | BYND | QQQ |
|---|---|---|
| 2022 | -81.1% | -32.6% |
| 2023 | -27.7% | +54.9% |
| 2024 | -57.8% | +25.6% |
| 2025 | -78.2% | +20.8% |
| 2026 | +1607.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYND and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.02 means the two rarely move for the same reasons.
FAQ
What is the correlation between BYND and QQQ?
The BYND/QQQ correlation stands at 0.02 on a 3-year window (1 year: 0.03, 5 years: 0.03), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BYND?
By historical standards, yes. A correlation of 0.02 means the two rarely move for the same reasons.
What does a correlation of 0.02 mean?
On the −1 to +1 scale, 0.02 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
$ curl https://www.pairbook.io/api/v1/pairs/bynd-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bynd-vs-qqq/)
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Related comparisons
Hubs: BYND correlations · QQQ correlations
