AUB vs QQQ: Correlation
How closely do Atlantic Union Bankshares Corporation (AUB) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and QQQ?
Over the past 3 years, AUB and QQQ moved with a correlation of 0.33, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.09 versus 0.33 over 3 years. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 205.0 %².
Out of 50 assets tracked against AUB, QQQ lands near the bottom at #47. Over the last 12 months QQQ came out ahead by 7.3 percentage points (+19.0% against +26.3%). One caveat on sizing: AUB is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AUB vs QQQ: side by side
| AUB (Atlantic Union Bankshares Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +19.0% | +26.3% |
| 5-year return | +33.7% | +95.4% |
| Volatility (ann.) | 31.5% | 19.6% |
| Beta vs S&P 500 | 1.07 | 1.28 |
| Max drawdown (3Y) | -44.7% | -22.8% |
| Market cap | $5.8B | – |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 3.56% | 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 | AUB | QQQ |
|---|---|---|
| 2022 | -2.6% | -32.6% |
| 2023 | +8.1% | +54.9% |
| 2024 | +7.5% | +25.6% |
| 2025 | -2.7% | +20.8% |
| 2026 | +18.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and QQQ good diversifiers for each other?
Reasonably. At 0.33, AUB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AUB and QQQ?
The AUB/QQQ correlation stands at 0.33 on a 3-year window (1 year: 0.09, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for AUB?
Reasonably. At 0.33, AUB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aub-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aub-vs-qqq/)
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Related comparisons
Hubs: AUB correlations · QQQ correlations
