CBNK vs QQQ: Correlation
Measured on weekly returns over the past three years, Capital Bancorp, Inc. (CBNK) 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 CBNK and QQQ?
Across a 3-year window, the weekly returns of CBNK and QQQ correlate at 0.20, weak. Lately the two have drifted apart, with the 1-year correlation at 0.03 versus 0.20 over 3 years. Stretching to 5 years gives 0.27, with an annualized covariance of 107.6 %².
Among the 18 assets we track against CBNK, QQQ sits near the bottom by co-movement, at rank #15. Correlation aside, the last 12 months split them widely, with QQQ ahead by 19.0 points (+7.3% versus +26.3%).
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.
CBNK vs QQQ: side by side
| CBNK (Capital Bancorp, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +7.3% | +26.3% |
| 5-year return | +69.0% | +95.4% |
| Volatility (ann.) | 27.3% | 19.6% |
| Beta vs S&P 500 | 0.63 | 1.28 |
| Max drawdown (3Y) | -24.8% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | 10.7 | – |
| Dividend yield | 1.32% | 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 | CBNK | QQQ |
|---|---|---|
| 2022 | -9.3% | -32.6% |
| 2023 | +4.3% | +54.9% |
| 2024 | +19.7% | +25.6% |
| 2025 | +0.3% | +20.8% |
| 2026 | +30.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBNK and QQQ good diversifiers for each other?
Reasonably. At 0.20, CBNK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CBNK and QQQ?
The CBNK/QQQ correlation stands at 0.20 on a 3-year window (1 year: 0.03, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CBNK?
Reasonably. At 0.20, CBNK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.20 mean?
On the −1 to +1 scale, 0.20 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.
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Related comparisons
Hubs: CBNK correlations · QQQ correlations
