BUSE vs QQQ: Correlation
First Busey Corporation (BUSE) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUSE and QQQ?
Across a 3-year window, the weekly returns of BUSE and QQQ correlate at 0.28, weak. The past 12 months show a weaker link (-0.01) than the 3-year average (0.28). Stretching to 5 years gives 0.26, with an annualized covariance of 146.9 %².
Among the 38 assets we track against BUSE, QQQ sits near the bottom by co-movement, at rank #35. Twelve-month performance is nearly a tie, at +27.5% for BUSE and +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.
BUSE vs QQQ: side by side
| BUSE (First Busey Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +27.5% | +26.3% |
| 5-year return | +56.7% | +95.4% |
| Volatility (ann.) | 26.7% | 19.6% |
| Beta vs S&P 500 | 0.79 | 1.28 |
| Max drawdown (3Y) | -31.0% | -22.8% |
| Market cap | $2.5B | – |
| P/E (trailing) | 12.3 | – |
| Dividend yield | 3.39% | 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 | BUSE | QQQ |
|---|---|---|
| 2022 | -5.5% | -32.6% |
| 2023 | +5.1% | +54.9% |
| 2024 | -1.2% | +25.6% |
| 2025 | +5.5% | +20.8% |
| 2026 | +30.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUSE and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BUSE and QQQ?
As of 2026-08-27, the correlation of weekly returns between BUSE and QQQ is 0.28 over 3 years, -0.01 over 1 year and 0.26 over 5 years.
Is QQQ a good diversifier for BUSE?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 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/buse-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/buse-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BUSE correlations · QQQ correlations
