BZAI vs QQQ: Correlation
Measured on weekly returns over the past three years, Blaize Holdings, Inc. (BZAI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.11, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZAI and QQQ?
Across a 3-year window, the weekly returns of BZAI and QQQ correlate at 0.11, weak. Recent behaviour matches the longer record: 0.16 over 1 year against 0.11 over 3. Stretching to 5 years gives 0.07, with an annualized covariance of 201.4 %².
Among the 16 assets we track against BZAI, QQQ ranks #6 by 3-year correlation. The last year tells two different stories: QQQ led by 113.6 percentage points, -87.3% for BZAI against +26.3% for QQQ. Risk is not evenly split, since BZAI carries 4.9 times the volatility of the other side.
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.
BZAI vs QQQ: side by side
| BZAI (Blaize Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -87.3% | +26.3% |
| 5-year return | -94.8% | +95.4% |
| Volatility (ann.) | 97.0% | 19.6% |
| Beta vs S&P 500 | 0.55 | 1.28 |
| Max drawdown (3Y) | -97.0% | -22.8% |
| Market cap | $0.1B | – |
| 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 | BZAI | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +5.6% | +54.9% |
| 2024 | +39.8% | +25.6% |
| 2025 | -87.0% | +20.8% |
| 2026 | -73.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZAI and QQQ good diversifiers for each other?
Yes. With a correlation of 0.11, BZAI and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BZAI and QQQ?
As of 2026-08-27, the correlation of weekly returns between BZAI and QQQ is 0.11 over 3 years, 0.16 over 1 year and 0.07 over 5 years.
Is QQQ a good diversifier for BZAI?
Yes. With a correlation of 0.11, BZAI and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.11 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.
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Related comparisons
Hubs: BZAI correlations · QQQ correlations
