CLBK vs QQQ: Correlation
Measured on weekly returns over the past three years, Columbia Financial, Inc. (CLBK) and Invesco QQQ Trust (QQQ) carry a correlation of 0.17, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLBK and QQQ?
Across a 3-year window, the weekly returns of CLBK and QQQ correlate at 0.17, weak. The past 12 months show a weaker link (-0.06) than the 3-year average (0.17). Stretching to 5 years gives 0.12, with an annualized covariance of 99.5 %².
Out of 11 assets tracked against CLBK, QQQ lands near the bottom at #8. The last year tells two different stories: CLBK led by 44.4 percentage points, +70.7% for CLBK against +26.3% for QQQ. One caveat on sizing: CLBK is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CLBK vs QQQ: side by side
| CLBK (Columbia Financial, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +70.7% | +26.3% |
| 5-year return | +45.5% | +95.4% |
| Volatility (ann.) | 30.1% | 19.6% |
| Beta vs S&P 500 | 0.64 | 1.28 |
| Max drawdown (3Y) | -33.9% | -22.8% |
| Market cap | $1.2B | – |
| P/E (trailing) | 21.3 | – |
| 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 | CLBK | QQQ |
|---|---|---|
| 2022 | +3.6% | -32.6% |
| 2023 | -10.8% | +54.9% |
| 2024 | -18.0% | +25.6% |
| 2025 | -1.7% | +20.8% |
| 2026 | +67.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLBK and QQQ good diversifiers for each other?
Yes. With a correlation of 0.17, CLBK and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CLBK and QQQ?
The CLBK/QQQ correlation stands at 0.17 on a 3-year window (1 year: -0.06, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CLBK?
Yes. With a correlation of 0.17, CLBK and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.17 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
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Related comparisons
Hubs: CLBK correlations · QQQ correlations
