BANC vs QQQ: Correlation
Measured on weekly returns over the past three years, Banc of California, Inc. (BANC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANC and QQQ?
Across a 3-year window, the weekly returns of BANC and QQQ correlate at 0.35, moderate. The link has loosened recently: the 1-year correlation (0.18) runs below the 3-year figure (0.35). Stretching to 5 years gives 0.36, with an annualized covariance of 228.0 %².
QQQ is close to the least connected end of BANC's tracked universe, ranking #11 of 14. Over the last 12 months QQQ came out ahead by 11.6 percentage points (+14.7% against +26.3%). Note the risk asymmetry: BANC runs 1.7 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.
BANC vs QQQ: side by side
| BANC (Banc of California, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +14.7% | +26.3% |
| 5-year return | +18.5% | +95.4% |
| Volatility (ann.) | 33.4% | 19.6% |
| Beta vs S&P 500 | 1.08 | 1.28 |
| Max drawdown (3Y) | -31.2% | -22.8% |
| Market cap | $3.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.34% | 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 | BANC | QQQ |
|---|---|---|
| 2022 | -17.7% | -32.6% |
| 2023 | -13.0% | +54.9% |
| 2024 | +18.3% | +25.6% |
| 2025 | +28.0% | +20.8% |
| 2026 | -1.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANC and QQQ good diversifiers for each other?
Reasonably. At 0.35, BANC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BANC and QQQ?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.18 over the last year and 0.36 over 5 years.
Is QQQ a good diversifier for BANC?
Reasonably. At 0.35, BANC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 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
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[](https://www.pairbook.io/pair/banc-vs-qqq/)
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Related comparisons
Hubs: BANC correlations · QQQ correlations
