CVBF vs QQQ: Correlation
How closely do CVB Financial Corporation (CVBF) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVBF and QQQ?
On 3 years of weekly data the CVBF/QQQ correlation comes out at 0.26, weak. Lately the two have drifted apart, with the 1-year correlation at 0.01 versus 0.26 over 3 years. The 5-year figure is 0.20, and annualized covariance runs at 148.9 %².
Among the 16 assets we track against CVBF, QQQ sits near the bottom by co-movement, at rank #13. The trailing year gives QQQ the advantage: +13.6% versus +26.3%, a 12.7-point spread. One caveat on sizing: CVBF 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.
CVBF vs QQQ: side by side
| CVBF (CVB Financial Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +13.6% | +26.3% |
| 5-year return | +34.8% | +95.4% |
| Volatility (ann.) | 29.8% | 19.6% |
| Beta vs S&P 500 | 0.82 | 1.28 |
| Max drawdown (3Y) | -30.2% | -22.8% |
| Market cap | $3.9B | – |
| P/E (trailing) | 15.5 | – |
| Dividend yield | 3.57% | 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 | CVBF | QQQ |
|---|---|---|
| 2022 | +24.0% | -32.6% |
| 2023 | -18.5% | +54.9% |
| 2024 | +11.9% | +25.6% |
| 2025 | -9.4% | +20.8% |
| 2026 | +22.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVBF and QQQ good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CVBF and QQQ?
As of 2026-08-27, the correlation of weekly returns between CVBF and QQQ is 0.26 over 3 years, 0.01 over 1 year and 0.20 over 5 years.
Is QQQ a good diversifier for CVBF?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 mean?
On the −1 to +1 scale, 0.26 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/cvbf-vs-qqq.json
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Related comparisons
Hubs: CVBF correlations · QQQ correlations
