BOTJ vs QNBC: Correlation
Bank of the James Financial Group, Inc. (BOTJ) and QNB Corp. (QNBC) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOTJ and QNBC?
Over the past 3 years, BOTJ and QNBC moved with a correlation of 0.39, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.27 versus 0.39 over 3 years. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 171.4 %².
By 3-year correlation, QNBC places #6 of the 16 assets tracked against BOTJ. Their recent paths diverged sharply: over the last 12 months BOTJ outperformed by 47.2 percentage points (+78.5% for BOTJ against +31.3% for QNBC).
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.
BOTJ vs QNBC: side by side
| BOTJ (Bank of the James Financial Group, Inc.) | QNBC (QNB Corp.) | |
|---|---|---|
| 1-year return | +78.5% | +31.3% |
| 5-year return | +119.5% | +50.2% |
| Volatility (ann.) | 25.5% | 17.1% |
| Beta vs S&P 500 | 0.22 | -0.03 |
| Max drawdown (3Y) | -27.8% | -12.1% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | 10.6 | 13.4 |
| Dividend yield | 1.50% | 3.43% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOTJ | QNBC |
|---|---|---|
| 2022 | -21.2% | -23.3% |
| 2023 | +5.8% | +4.7% |
| 2024 | +34.1% | +37.9% |
| 2025 | +20.3% | +7.7% |
| 2026 | +46.4% | +31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOTJ and QNBC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BOTJ and QNBC?
The BOTJ/QNBC correlation stands at 0.39 on a 3-year window (1 year: 0.27, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is QNBC a good diversifier for BOTJ?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/botj-vs-qnbc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/botj-vs-qnbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BOTJ correlations · QNBC correlations
