QQQ vs TBBB: Correlation
How closely do Invesco QQQ Trust (QQQ) and BBB Foods Inc. Class A (TBBB) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TBBB?
Across a 3-year window, the weekly returns of QQQ and TBBB correlate at 0.29, weak. Lately the two have drifted apart, with the 1-year correlation at 0.03 versus 0.29 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 240.8 %².
By 3-year correlation, TBBB places #1664 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with TBBB ahead by 59.6 points (+26.3% versus +85.9%). Note the risk asymmetry: TBBB runs 2.1 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.
QQQ vs TBBB: side by side
| QQQ (Invesco QQQ Trust) | TBBB (BBB Foods Inc. Class A) | |
|---|---|---|
| 1-year return | +26.3% | +85.9% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 41.8% |
| Beta vs S&P 500 | 1.28 | 0.96 |
| Max drawdown (3Y) | -22.8% | -29.6% |
| Market cap | – | $5.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | TBBB |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | – |
| 2025 | +20.8% | +18.1% |
| 2026 | +17.7% | +45.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TBBB good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and TBBB?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.03 over the last year and n/a over 5 years.
Is TBBB a good diversifier for QQQ?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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
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Related comparisons
Hubs: QQQ correlations · TBBB correlations
