CCNE vs QCRH: Correlation
How closely do CNB Financial Corporation (CCNE) and QCR Holdings, Inc. (QCRH) trade together? Their weekly returns over three years give a correlation of 0.83, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCNE and QCRH?
Across a 3-year window, the weekly returns of CCNE and QCRH correlate at 0.83, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.81 over 1 year against 0.83 over 3. Stretching to 5 years gives 0.75, with an annualized covariance of 699.7 %².
By 3-year correlation, QCRH places #6 of the 27 assets tracked against CCNE. Their 12-month results are close: +30.2% for CCNE against +27.0% for QCRH.
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.
CCNE vs QCRH: side by side
| CCNE (CNB Financial Corporation) | QCRH (QCR Holdings, Inc.) | |
|---|---|---|
| 1-year return | +30.2% | +27.0% |
| 5-year return | +61.1% | +100.9% |
| Volatility (ann.) | 29.0% | 29.0% |
| Beta vs S&P 500 | 0.84 | 0.80 |
| Max drawdown (3Y) | -29.7% | -32.1% |
| Market cap | $1.0B | $1.7B |
| P/E (trailing) | 10.6 | 11.9 |
| Dividend yield | 2.18% | 0.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCNE | QCRH |
|---|---|---|
| 2022 | -7.8% | -11.0% |
| 2023 | -1.6% | +18.2% |
| 2024 | +13.6% | +38.6% |
| 2025 | +8.4% | +3.6% |
| 2026 | +31.5% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCNE and QCRH good diversifiers for each other?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CCNE and QCRH?
The CCNE/QCRH correlation stands at 0.83 on a 3-year window (1 year: 0.81, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is QCRH a good diversifier for CCNE?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.83 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/ccne-vs-qcrh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccne-vs-qcrh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCNE correlations · QCRH correlations
