CCBG vs QQQ: Correlation
Capital City Bank Group (CCBG) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCBG and QQQ?
Over the past 3 years, CCBG and QQQ moved with a correlation of 0.16, which is weak. The past 12 months show a weaker link (-0.07) than the 3-year average (0.16). Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 83.4 %².
QQQ is close to the least connected end of CCBG's tracked universe, ranking #10 of 13. The trailing year gives QQQ the advantage: +19.9% versus +26.3%, a 6.4-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.
CCBG vs QQQ: side by side
| CCBG (Capital City Bank Group) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +19.9% | +26.3% |
| 5-year return | +154.3% | +95.4% |
| Volatility (ann.) | 25.9% | 19.6% |
| Beta vs S&P 500 | 0.53 | 1.28 |
| Max drawdown (3Y) | -16.5% | -22.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | 14.2 | – |
| Dividend yield | 2.08% | 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 | CCBG | QQQ |
|---|---|---|
| 2022 | +25.8% | -32.6% |
| 2023 | -7.1% | +54.9% |
| 2024 | +28.1% | +25.6% |
| 2025 | +19.1% | +20.8% |
| 2026 | +21.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCBG and QQQ good diversifiers for each other?
Yes: at 0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CCBG and QQQ?
Using weekly returns as of 2026-08-27: 0.16 over 3 years, with -0.07 over the last year and 0.18 over 5 years.
Is QQQ a good diversifier for CCBG?
Yes: at 0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.16 mean?
A reading of 0.16 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/ccbg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ccbg-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCBG correlations · QQQ correlations
