FFIN vs QQQ: Correlation
How closely do First Financial Bankshares, Inc. (FFIN) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFIN and QQQ?
Over the past 3 years, FFIN and QQQ moved with a correlation of 0.25, which is weak. The past 12 months show a weaker link (0.03) than the 3-year average (0.25). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 146.5 %².
Among the 20 assets we track against FFIN, QQQ sits near the bottom by co-movement, at rank #17. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 37.1 percentage points (-10.8% for FFIN against +26.3% for QQQ). Note the risk asymmetry: FFIN runs 1.6 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.
FFIN vs QQQ: side by side
| FFIN (First Financial Bankshares, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -10.8% | +26.3% |
| 5-year return | -22.9% | +95.4% |
| Volatility (ann.) | 30.5% | 19.6% |
| Beta vs S&P 500 | 0.84 | 1.28 |
| Max drawdown (3Y) | -31.4% | -22.8% |
| Market cap | $4.7B | – |
| P/E (trailing) | 18.0 | – |
| Dividend yield | 2.35% | 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 | FFIN | QQQ |
|---|---|---|
| 2022 | -31.2% | -32.6% |
| 2023 | -9.8% | +54.9% |
| 2024 | +21.6% | +25.6% |
| 2025 | -15.3% | +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 FFIN and QQQ good diversifiers for each other?
Reasonably. At 0.25, FFIN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FFIN and QQQ?
The FFIN/QQQ correlation stands at 0.25 on a 3-year window (1 year: 0.03, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FFIN?
Reasonably. At 0.25, FFIN 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
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Related comparisons
Hubs: FFIN correlations · QQQ correlations
