BHRB vs QQQ: Correlation
Measured on weekly returns over the past three years, Burke & Herbert Financial Services Corp. (BHRB) and Invesco QQQ Trust (QQQ) carry a correlation of 0.20, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHRB and QQQ?
Over the past 3 years, BHRB and QQQ moved with a correlation of 0.20, which is weak. The past 12 months show a weaker link (-0.04) than the 3-year average (0.20). Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 126.2 %².
QQQ is close to the least connected end of BHRB's tracked universe, ranking #13 of 16. On 12-month performance QQQ holds a 10.3-point edge, +16.0% against +26.3%. One caveat on sizing: BHRB 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.
BHRB vs QQQ: side by side
| BHRB (Burke & Herbert Financial Services Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +16.0% | +26.3% |
| 5-year return | +57.3% | +95.4% |
| Volatility (ann.) | 31.8% | 19.6% |
| Beta vs S&P 500 | 0.74 | 1.28 |
| Max drawdown (3Y) | -30.8% | -22.8% |
| Market cap | $1.4B | – |
| P/E (trailing) | 11.7 | – |
| Dividend yield | 3.07% | 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 | BHRB | QQQ |
|---|---|---|
| 2022 | +33.3% | -32.6% |
| 2023 | -7.8% | +54.9% |
| 2024 | +2.9% | +25.6% |
| 2025 | +3.6% | +20.8% |
| 2026 | +17.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHRB and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BHRB and QQQ?
Using weekly returns as of 2026-08-27: 0.20 over 3 years, with -0.04 over the last year and 0.17 over 5 years.
Is QQQ a good diversifier for BHRB?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.20 mean?
A reading of 0.20 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/bhrb-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bhrb-vs-qqq/)
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Related comparisons
Hubs: BHRB correlations · QQQ correlations
