BANF vs QQQ: Correlation
Measured on weekly returns over the past three years, BancFirst Corporation (BANF) and Invesco QQQ Trust (QQQ) carry a correlation of 0.23, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANF and QQQ?
On 3 years of weekly data the BANF/QQQ correlation comes out at 0.23, weak. The past 12 months show a weaker link (0.01) than the 3-year average (0.23). The 5-year figure is 0.28, and annualized covariance runs at 128.0 %².
Among the 16 assets we track against BANF, QQQ sits near the bottom by co-movement, at rank #13. The last year tells two different stories: QQQ led by 42.4 percentage points, -16.1% for BANF against +26.3% for QQQ.
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.
BANF vs QQQ: side by side
| BANF (BancFirst Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -16.1% | +26.3% |
| 5-year return | +116.0% | +95.4% |
| Volatility (ann.) | 28.2% | 19.6% |
| Beta vs S&P 500 | 0.72 | 1.28 |
| Max drawdown (3Y) | -23.6% | -22.8% |
| Market cap | $3.7B | – |
| P/E (trailing) | 14.9 | – |
| Dividend yield | 1.75% | 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 | BANF | QQQ |
|---|---|---|
| 2022 | +27.1% | -32.6% |
| 2023 | +12.4% | +54.9% |
| 2024 | +22.6% | +25.6% |
| 2025 | -8.0% | +20.8% |
| 2026 | +5.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANF and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BANF and QQQ?
As of 2026-08-27, the correlation of weekly returns between BANF and QQQ is 0.23 over 3 years, 0.01 over 1 year and 0.28 over 5 years.
Is QQQ a good diversifier for BANF?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.23 mean?
A reading of 0.23 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
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Related comparisons
Hubs: BANF correlations · QQQ correlations
