CCNE vs QQQ: Correlation
Measured on weekly returns over the past three years, CNB Financial Corporation (CCNE) and Invesco QQQ Trust (QQQ) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCNE and QQQ?
Over the past 3 years, CCNE and QQQ moved with a correlation of 0.29, which is weak. The link has loosened recently: the 1-year correlation (0.03) runs below the 3-year figure (0.29). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 165.0 %².
QQQ is close to the least connected end of CCNE's tracked universe, ranking #24 of 27. Their 12-month results are close: +30.2% for CCNE against +26.3% for QQQ.
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 QQQ: side by side
| CCNE (CNB Financial Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +30.2% | +26.3% |
| 5-year return | +61.1% | +95.4% |
| Volatility (ann.) | 29.0% | 19.6% |
| Beta vs S&P 500 | 0.84 | 1.28 |
| Max drawdown (3Y) | -29.7% | -22.8% |
| Market cap | $1.0B | – |
| P/E (trailing) | 10.6 | – |
| Dividend yield | 2.18% | 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 | CCNE | QQQ |
|---|---|---|
| 2022 | -7.8% | -32.6% |
| 2023 | -1.6% | +54.9% |
| 2024 | +13.6% | +25.6% |
| 2025 | +8.4% | +20.8% |
| 2026 | +31.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCNE and QQQ good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CCNE and QQQ?
As of 2026-08-27, the correlation of weekly returns between CCNE and QQQ is 0.29 over 3 years, 0.03 over 1 year and 0.29 over 5 years.
Is QQQ a good diversifier for CCNE?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccne-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ccne-vs-qqq/)
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Related comparisons
Hubs: CCNE correlations · QQQ correlations
