FITB vs QQQ: Correlation
Fifth Third Bancorp (FITB) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FITB and QQQ?
Over the past 3 years, FITB and QQQ moved with a correlation of 0.33, which is moderate. The past 12 months show a weaker link (0.08) than the 3-year average (0.33). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 189.8 %².
By 3-year correlation, QQQ places #35 of the 45 assets tracked against FITB. Neither side won the trailing year by much: +24.6% against +26.3%. The relationship is regime-dependent: the rolling one-year correlation swung between 0.02 and 0.71 over the past three years, so this pair behaves very differently depending on the market environment.
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.
FITB vs QQQ: side by side
| FITB (Fifth Third Bancorp) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +24.6% | +26.3% |
| 5-year return | +71.2% | +95.4% |
| Volatility (ann.) | 29.4% | 19.6% |
| Beta vs S&P 500 | 1.03 | 1.28 |
| Max drawdown (3Y) | -29.9% | -22.8% |
| Market cap | $49.7B | – |
| P/E (trailing) | 18.5 | – |
| Dividend yield | 2.90% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | FITB | QQQ |
|---|---|---|
| 2022 | -21.9% | -32.6% |
| 2023 | +10.4% | +54.9% |
| 2024 | +27.2% | +25.6% |
| 2025 | +14.8% | +20.8% |
| 2026 | +19.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FITB and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FITB and QQQ?
The FITB/QQQ correlation stands at 0.33 on a 3-year window (1 year: 0.08, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FITB?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 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/fitb-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fitb-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FITB correlations · QQQ correlations
