EQBK vs QQQ: Correlation
Measured on weekly returns over the past three years, Equity Bancshares, Inc. (EQBK) and Invesco QQQ Trust (QQQ) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQBK and QQQ?
Across a 3-year window, the weekly returns of EQBK and QQQ correlate at 0.25, weak. Lately the two have drifted apart, with the 1-year correlation at -0.11 versus 0.25 over 3 years. Stretching to 5 years gives 0.24, with an annualized covariance of 141.3 %².
Out of 15 assets tracked against EQBK, QQQ lands near the bottom at #12. Twelve-month performance is nearly a tie, at +23.7% for EQBK and +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.
EQBK vs QQQ: side by side
| EQBK (Equity Bancshares, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +23.7% | +26.3% |
| 5-year return | +67.0% | +95.4% |
| Volatility (ann.) | 28.8% | 19.6% |
| Beta vs S&P 500 | 0.76 | 1.28 |
| Max drawdown (3Y) | -28.3% | -22.8% |
| Market cap | $1.0B | – |
| P/E (trailing) | 31.5 | – |
| Dividend yield | 1.45% | 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 | EQBK | QQQ |
|---|---|---|
| 2022 | -2.6% | -32.6% |
| 2023 | +5.5% | +54.9% |
| 2024 | +26.9% | +25.6% |
| 2025 | +6.9% | +20.8% |
| 2026 | +12.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQBK and QQQ good diversifiers for each other?
Reasonably. At 0.25, EQBK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EQBK and QQQ?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with -0.11 over the last year and 0.24 over 5 years.
Is QQQ a good diversifier for EQBK?
Reasonably. At 0.25, EQBK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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/eqbk-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eqbk-vs-qqq/)
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Related comparisons
Hubs: EQBK correlations · QQQ correlations
