CCB vs QQQ: Correlation
Measured on weekly returns over the past three years, Coastal Financial Corporation (CCB) and Invesco QQQ Trust (QQQ) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCB and QQQ?
Over the past 3 years, CCB and QQQ moved with a correlation of 0.26, which is weak. Little has changed lately, as the 1-year reading of 0.22 lands near the 3-year figure. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 226.9 %².
Among the 19 assets we track against CCB, QQQ ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 85.3 percentage points (-59.0% for CCB against +26.3% for QQQ). Risk is not evenly split, since CCB carries 2.3 times the volatility of the other side.
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.
CCB vs QQQ: side by side
| CCB (Coastal Financial Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -59.0% | +26.3% |
| 5-year return | +59.4% | +95.4% |
| Volatility (ann.) | 45.4% | 19.6% |
| Beta vs S&P 500 | 0.96 | 1.28 |
| Max drawdown (3Y) | -66.5% | -22.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 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 | CCB | QQQ |
|---|---|---|
| 2022 | -6.1% | -32.6% |
| 2023 | -6.5% | +54.9% |
| 2024 | +91.2% | +25.6% |
| 2025 | +35.0% | +20.8% |
| 2026 | -59.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCB and QQQ good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CCB and QQQ?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.22 over the last year and 0.28 over 5 years.
Is QQQ a good diversifier for CCB?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 mean?
A reading of 0.26 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/ccb-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ccb-vs-qqq/)
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Related comparisons
Hubs: CCB correlations · QQQ correlations
