CPBI vs QQQ: Correlation
Measured on weekly returns over the past three years, Central Plains Bancshares, Inc. (CPBI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.09, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPBI and QQQ?
On 3 years of weekly data the CPBI/QQQ correlation comes out at 0.09, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.09 over 1 year against 0.09 over 3. The 5-year figure is n/a, and annualized covariance runs at 27.2 %².
Out of 11 assets tracked against CPBI, QQQ lands near the bottom at #7. Over the last 12 months CPBI came out ahead by 8.7 percentage points (+35.0% against +26.3%).
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.
CPBI vs QQQ: side by side
| CPBI (Central Plains Bancshares, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +35.0% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 15.5% | 19.6% |
| Beta vs S&P 500 | 0.16 | 1.28 |
| Max drawdown (3Y) | -8.4% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 17.7 | – |
| 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 | CPBI | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | +46.7% | +25.6% |
| 2025 | +13.1% | +20.8% |
| 2026 | +23.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPBI and QQQ good diversifiers for each other?
Yes. With a correlation of 0.09, CPBI and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CPBI and QQQ?
The CPBI/QQQ correlation stands at 0.09 on a 3-year window (1 year: 0.09, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CPBI?
Yes. With a correlation of 0.09, CPBI and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.09 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: CPBI correlations · QQQ correlations
