FFBC vs QQQ: Correlation
Measured on weekly returns over the past three years, First Financial Bancorp. (FFBC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFBC and QQQ?
Across a 3-year window, the weekly returns of FFBC and QQQ correlate at 0.26, weak. The link has loosened recently: the 1-year correlation (0.02) runs below the 3-year figure (0.26). Stretching to 5 years gives 0.31, with an annualized covariance of 144.6 %².
Among the 31 assets we track against FFBC, QQQ sits near the bottom by co-movement, at rank #28. Neither side won the trailing year by much: +26.7% 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.
FFBC vs QQQ: side by side
| FFBC (First Financial Bancorp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +26.7% | +26.3% |
| 5-year return | +69.6% | +95.4% |
| Volatility (ann.) | 28.0% | 19.6% |
| Beta vs S&P 500 | 0.81 | 1.28 |
| Max drawdown (3Y) | -26.1% | -22.8% |
| Market cap | $3.4B | – |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 3.05% | 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 | FFBC | QQQ |
|---|---|---|
| 2022 | +3.4% | -32.6% |
| 2023 | +2.4% | +54.9% |
| 2024 | +17.6% | +25.6% |
| 2025 | -3.3% | +20.8% |
| 2026 | +33.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFBC and QQQ good diversifiers for each other?
Reasonably. At 0.26, FFBC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FFBC and QQQ?
As of 2026-08-27, the correlation of weekly returns between FFBC and QQQ is 0.26 over 3 years, 0.02 over 1 year and 0.31 over 5 years.
Is QQQ a good diversifier for FFBC?
Reasonably. At 0.26, FFBC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.26 mean?
A reading of 0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FFBC correlations · QQQ correlations
