AUBN vs QQQ: Correlation
Measured on weekly returns over the past three years, Auburn National Bancorporation, Inc. (AUBN) and Invesco QQQ Trust (QQQ) carry a correlation of 0.02, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUBN and QQQ?
Across a 3-year window, the weekly returns of AUBN and QQQ correlate at 0.02, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.10 versus 0.02 over 3 years. Stretching to 5 years gives -0.00, with an annualized covariance of 10.6 %².
By 3-year correlation, QQQ places #6 of the 12 assets tracked against AUBN. Correlation aside, the last 12 months split them widely, with QQQ ahead by 16.2 points (+10.1% versus +26.3%). Note the risk asymmetry: AUBN runs 1.6 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.
AUBN vs QQQ: side by side
| AUBN (Auburn National Bancorporation, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +10.1% | +26.3% |
| 5-year return | -4.9% | +95.4% |
| Volatility (ann.) | 31.8% | 19.6% |
| Beta vs S&P 500 | 0.04 | 1.28 |
| Max drawdown (3Y) | -24.5% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 10.9 | – |
| Dividend yield | 4.06% | 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 | AUBN | QQQ |
|---|---|---|
| 2022 | -26.0% | -32.6% |
| 2023 | -2.8% | +54.9% |
| 2024 | +16.3% | +25.6% |
| 2025 | +20.2% | +20.8% |
| 2026 | -0.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUBN and QQQ good diversifiers for each other?
Yes. With a correlation of 0.02, AUBN and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AUBN and QQQ?
As of 2026-08-27, the correlation of weekly returns between AUBN and QQQ is 0.02 over 3 years, -0.10 over 1 year and -0.00 over 5 years.
Is QQQ a good diversifier for AUBN?
Yes. With a correlation of 0.02, AUBN and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.02 mean?
A reading of 0.02 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/aubn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aubn-vs-qqq/)
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Related comparisons
Hubs: AUBN correlations · QQQ correlations
