CBFV vs QQQ: Correlation
How closely do CB Financial Services, Inc. (CBFV) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBFV and QQQ?
Across a 3-year window, the weekly returns of CBFV and QQQ correlate at 0.18, weak. The relationship has been stable: the 1-year correlation (0.09) sits close to the 3-year figure. Stretching to 5 years gives 0.14, with an annualized covariance of 91.0 %².
Among the 10 assets we track against CBFV, QQQ sits near the bottom by co-movement, at rank #7. The trailing year gives QQQ the advantage: +17.2% versus +26.3%, a 9.1-point spread.
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.
CBFV vs QQQ: side by side
| CBFV (CB Financial Services, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +17.2% | +26.3% |
| 5-year return | +97.7% | +95.4% |
| Volatility (ann.) | 25.3% | 19.6% |
| Beta vs S&P 500 | 0.46 | 1.28 |
| Max drawdown (3Y) | -21.1% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 27.3 | – |
| Dividend yield | 2.89% | 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 | CBFV | QQQ |
|---|---|---|
| 2022 | -7.2% | -32.6% |
| 2023 | +16.5% | +54.9% |
| 2024 | +25.1% | +25.6% |
| 2025 | +26.0% | +20.8% |
| 2026 | +9.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBFV and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between CBFV and QQQ?
Using weekly returns as of 2026-08-27: 0.18 over 3 years, with 0.09 over the last year and 0.14 over 5 years.
Is QQQ a good diversifier for CBFV?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
What does a correlation of 0.18 mean?
A reading of 0.18 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
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Related comparisons
Hubs: CBFV correlations · QQQ correlations
