BZ vs QQQ: Correlation
KANZHUN LIMITED - American Depository Shares (BZ) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZ and QQQ?
Over the past 3 years, BZ and QQQ moved with a correlation of 0.33, which is moderate. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 315.6 %².
Among the 17 assets we track against BZ, QQQ ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 47.0 percentage points (-20.7% for BZ against +26.3% for QQQ). One caveat on sizing: BZ is 2.5 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.
BZ vs QQQ: side by side
| BZ (KANZHUN LIMITED - American Depository Shares) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -20.7% | +26.3% |
| 5-year return | -47.9% | +95.4% |
| Volatility (ann.) | 49.3% | 19.6% |
| Beta vs S&P 500 | 1.20 | 1.28 |
| Max drawdown (3Y) | -51.6% | -22.8% |
| Market cap | $8.0B | – |
| P/E (trailing) | 12.9 | – |
| 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 | BZ | QQQ |
|---|---|---|
| 2022 | -41.6% | -32.6% |
| 2023 | -17.5% | +54.9% |
| 2024 | -16.9% | +25.6% |
| 2025 | +48.7% | +20.8% |
| 2026 | -11.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZ and QQQ good diversifiers for each other?
Reasonably. At 0.33, BZ and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BZ and QQQ?
As of 2026-08-27, the correlation of weekly returns between BZ and QQQ is 0.33 over 3 years, 0.28 over 1 year and 0.30 over 5 years.
Is QQQ a good diversifier for BZ?
Reasonably. At 0.33, BZ and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 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/bz-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bz-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BZ correlations · QQQ correlations
