BANX vs QQQ: Correlation
Measured on weekly returns over the past three years, ArrowMark Financial Corp. - Closed End Fund (BANX) and Invesco QQQ Trust (QQQ) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANX and QQQ?
Over the past 3 years, BANX and QQQ moved with a correlation of 0.24, which is weak. The link has tightened recently: the 1-year correlation (0.38) runs above the 3-year figure (0.24). Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 68.3 %².
Out of 12 assets tracked against BANX, QQQ lands near the bottom at #9. On 12-month performance QQQ holds a 13.3-point edge, +13.0% against +26.3%.
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.
BANX vs QQQ: side by side
| BANX (ArrowMark Financial Corp. - Closed End Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +13.0% | +26.3% |
| 5-year return | +58.6% | +95.4% |
| Volatility (ann.) | 14.7% | 19.6% |
| Beta vs S&P 500 | 0.32 | 1.28 |
| Max drawdown (3Y) | -13.7% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 8.4 | – |
| Dividend yield | 8.75% | 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 | BANX | QQQ |
|---|---|---|
| 2022 | -15.3% | -32.6% |
| 2023 | +20.4% | +54.9% |
| 2024 | +27.7% | +25.6% |
| 2025 | +15.6% | +20.8% |
| 2026 | +0.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANX and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BANX and QQQ?
As of 2026-08-27, the correlation of weekly returns between BANX and QQQ is 0.24 over 3 years, 0.38 over 1 year and 0.21 over 5 years.
Is QQQ a good diversifier for BANX?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
A reading of 0.24 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/banx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/banx-vs-qqq/)
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Related comparisons
Hubs: BANX correlations · QQQ correlations
