KBDC vs QQQ: Correlation
How closely do Kayne Anderson BDC, Inc. (KBDC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KBDC and QQQ?
On 3 years of weekly data the KBDC/QQQ correlation comes out at 0.32, moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 102.5 %².
QQQ is close to the least connected end of KBDC's tracked universe, ranking #9 of 13. The last year tells two different stories: QQQ led by 25.4 percentage points, +0.9% for KBDC 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.
KBDC vs QQQ: side by side
| KBDC (Kayne Anderson BDC, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +0.9% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 15.7% | 19.6% |
| Beta vs S&P 500 | 0.39 | 1.28 |
| Max drawdown (3Y) | -19.6% | -22.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | 12.4 | – |
| 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 | KBDC | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | -2.4% | +20.8% |
| 2026 | -0.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KBDC and QQQ good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KBDC and QQQ?
The KBDC/QQQ correlation stands at 0.32 on a 3-year window (1 year: 0.36, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for KBDC?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kbdc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kbdc-vs-qqq/)
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Related comparisons
Hubs: KBDC correlations · QQQ correlations
