CZNC vs QQQ: Correlation
How closely do Citizens & Northern Corp (CZNC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.16, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CZNC and QQQ?
Over the past 3 years, CZNC and QQQ moved with a correlation of 0.16, which is weak. Lately the two have drifted apart, with the 1-year correlation at -0.16 versus 0.16 over 3 years. Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 86.4 %².
Out of 14 assets tracked against CZNC, QQQ lands near the bottom at #11. The trailing year gives CZNC the advantage: +32.5% versus +26.3%, a 6.2-point spread.
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.
CZNC vs QQQ: side by side
| CZNC (Citizens & Northern Corp) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +32.5% | +26.3% |
| 5-year return | +31.8% | +95.4% |
| Volatility (ann.) | 27.6% | 19.6% |
| Beta vs S&P 500 | 0.57 | 1.28 |
| Max drawdown (3Y) | -26.1% | -22.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | 17.3 | – |
| Dividend yield | 4.42% | 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 | CZNC | QQQ |
|---|---|---|
| 2022 | -8.4% | -32.6% |
| 2023 | +3.7% | +54.9% |
| 2024 | -12.2% | +25.6% |
| 2025 | +14.9% | +20.8% |
| 2026 | +31.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CZNC and QQQ good diversifiers for each other?
Yes. With a correlation of 0.16, CZNC and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CZNC and QQQ?
The CZNC/QQQ correlation stands at 0.16 on a 3-year window (1 year: -0.16, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CZNC?
Yes. With a correlation of 0.16, CZNC and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.16 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/cznc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cznc-vs-qqq/)
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Related comparisons
Hubs: CZNC correlations · QQQ correlations
