CBAN vs QQQ: Correlation
How closely do Colony Bankcorp, Inc. (CBAN) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBAN and QQQ?
Across a 3-year window, the weekly returns of CBAN and QQQ correlate at 0.29, weak. The past 12 months show a weaker link (-0.03) than the 3-year average (0.29). Stretching to 5 years gives 0.25, with an annualized covariance of 160.7 %².
Out of 16 assets tracked against CBAN, QQQ lands near the bottom at #13. Their 12-month results are close: +27.4% for CBAN 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.
CBAN vs QQQ: side by side
| CBAN (Colony Bankcorp, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +27.4% | +26.3% |
| 5-year return | +36.8% | +95.4% |
| Volatility (ann.) | 28.8% | 19.6% |
| Beta vs S&P 500 | 0.83 | 1.28 |
| Max drawdown (3Y) | -20.9% | -22.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 2.22% | 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 | CBAN | QQQ |
|---|---|---|
| 2022 | -23.5% | -32.6% |
| 2023 | +9.2% | +54.9% |
| 2024 | +25.7% | +25.6% |
| 2025 | +13.6% | +20.8% |
| 2026 | +21.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBAN and QQQ good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CBAN and QQQ?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with -0.03 over the last year and 0.25 over 5 years.
Is QQQ a good diversifier for CBAN?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cban-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cban-vs-qqq/)
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Related comparisons
Hubs: CBAN correlations · QQQ correlations
