ABCB vs QQQ: Correlation
Ameris Bancorp (ABCB) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and QQQ?
On 3 years of weekly data the ABCB/QQQ correlation comes out at 0.38, moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.38). The 5-year figure is 0.34, and annualized covariance runs at 219.6 %².
Among the 49 assets we track against ABCB, QQQ sits near the bottom by co-movement, at rank #46. The trailing year gives QQQ the advantage: +16.9% versus +26.3%, a 9.4-point spread. Risk is not evenly split, since ABCB carries 1.5 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.
ABCB vs QQQ: side by side
| ABCB (Ameris Bancorp) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +16.9% | +26.3% |
| 5-year return | +86.9% | +95.4% |
| Volatility (ann.) | 29.7% | 19.6% |
| Beta vs S&P 500 | 1.06 | 1.28 |
| Max drawdown (3Y) | -29.5% | -22.8% |
| Market cap | $5.7B | – |
| P/E (trailing) | 15.5 | – |
| Dividend yield | 0.93% | 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 | ABCB | QQQ |
|---|---|---|
| 2022 | -3.8% | -32.6% |
| 2023 | +14.3% | +54.9% |
| 2024 | +19.4% | +25.6% |
| 2025 | +20.1% | +20.8% |
| 2026 | +15.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and QQQ good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ABCB and QQQ?
The ABCB/QQQ correlation stands at 0.38 on a 3-year window (1 year: 0.19, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ABCB?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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.
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Related comparisons
Hubs: ABCB correlations · QQQ correlations
