BZH vs QQQ: Correlation
Measured on weekly returns over the past three years, Beazer Homes USA, Inc. (BZH) and Invesco QQQ Trust (QQQ) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BZH and QQQ?
On 3 years of weekly data the BZH/QQQ correlation comes out at 0.29, weak. The link has loosened recently: the 1-year correlation (0.10) runs below the 3-year figure (0.29). The 5-year figure is 0.42, and annualized covariance runs at 270.8 %².
Out of 12 assets tracked against BZH, QQQ lands near the bottom at #9. Neither side won the trailing year by much: +30.8% against +26.3%. Risk is not evenly split, since BZH carries 2.5 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.
BZH vs QQQ: side by side
| BZH (Beazer Homes USA, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +30.8% | +26.3% |
| 5-year return | +78.6% | +95.4% |
| Volatility (ann.) | 48.3% | 19.6% |
| Beta vs S&P 500 | 1.27 | 1.28 |
| Max drawdown (3Y) | -49.8% | -22.8% |
| Market cap | $0.9B | – |
| 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 | BZH | QQQ |
|---|---|---|
| 2022 | -45.0% | -32.6% |
| 2023 | +164.8% | +54.9% |
| 2024 | -18.7% | +25.6% |
| 2025 | -26.2% | +20.8% |
| 2026 | +63.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BZH and QQQ good diversifiers for each other?
Reasonably. At 0.29, BZH and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BZH and QQQ?
The BZH/QQQ correlation stands at 0.29 on a 3-year window (1 year: 0.10, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for BZH?
Reasonably. At 0.29, BZH and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/bzh-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bzh-vs-qqq/)
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Related comparisons
Hubs: BZH correlations · QQQ correlations
