FBK vs QQQ: Correlation
FB Financial Corporation (FBK) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBK and QQQ?
On 3 years of weekly data the FBK/QQQ correlation comes out at 0.29, weak. Lately the two have drifted apart, with the 1-year correlation at 0.02 versus 0.29 over 3 years. The 5-year figure is 0.31, and annualized covariance runs at 170.3 %².
QQQ is close to the least connected end of FBK's tracked universe, ranking #7 of 10. The last year tells two different stories: QQQ led by 17.4 percentage points, +8.9% for FBK against +26.3% for QQQ. Note the risk asymmetry: FBK runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FBK vs QQQ: side by side
| FBK (FB Financial Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +8.9% | +26.3% |
| 5-year return | +53.1% | +95.4% |
| Volatility (ann.) | 30.3% | 19.6% |
| Beta vs S&P 500 | 0.94 | 1.28 |
| Max drawdown (3Y) | -30.6% | -22.8% |
| Market cap | $2.9B | – |
| P/E (trailing) | 15.3 | – |
| Dividend yield | 1.39% | 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 | FBK | QQQ |
|---|---|---|
| 2022 | -16.5% | -32.6% |
| 2023 | +12.3% | +54.9% |
| 2024 | +31.4% | +25.6% |
| 2025 | +10.0% | +20.8% |
| 2026 | +4.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBK and QQQ good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FBK and QQQ?
The FBK/QQQ correlation stands at 0.29 on a 3-year window (1 year: 0.02, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FBK?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/fbk-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fbk-vs-qqq/)
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Related comparisons
Hubs: FBK correlations · QQQ correlations
