FBP vs QQQ: Correlation
How closely do First BanCorp. New (FBP) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBP and QQQ?
Across a 3-year window, the weekly returns of FBP and QQQ correlate at 0.32, moderate. The past 12 months show a weaker link (-0.04) than the 3-year average (0.32). Stretching to 5 years gives 0.35, with an annualized covariance of 162.3 %².
QQQ is close to the least connected end of FBP's tracked universe, ranking #8 of 11. Neither side won the trailing year by much: +26.4% 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.
FBP vs QQQ: side by side
| FBP (First BanCorp. New) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +26.4% | +26.3% |
| 5-year return | +155.4% | +95.4% |
| Volatility (ann.) | 25.8% | 19.6% |
| Beta vs S&P 500 | 0.84 | 1.28 |
| Max drawdown (3Y) | -22.9% | -22.8% |
| Market cap | $4.2B | – |
| P/E (trailing) | 11.8 | – |
| Dividend yield | 2.72% | 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 | FBP | QQQ |
|---|---|---|
| 2022 | -4.7% | -32.6% |
| 2023 | +34.8% | +54.9% |
| 2024 | +16.9% | +25.6% |
| 2025 | +14.4% | +20.8% |
| 2026 | +36.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBP and QQQ good diversifiers for each other?
Reasonably. At 0.32, FBP and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FBP and QQQ?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with -0.04 over the last year and 0.35 over 5 years.
Is QQQ a good diversifier for FBP?
Reasonably. At 0.32, FBP and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 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/fbp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fbp-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FBP correlations · QQQ correlations
