FNB vs QQQ: Correlation
Measured on weekly returns over the past three years, F.N.B. Corporation (FNB) and Invesco QQQ Trust (QQQ) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNB and QQQ?
Over the past 3 years, FNB and QQQ moved with a correlation of 0.38, which is moderate. The past 12 months show a weaker link (0.13) than the 3-year average (0.38). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 206.2 %².
QQQ is close to the least connected end of FNB's tracked universe, ranking #50 of 53. Over the last 12 months QQQ came out ahead by 12.9 percentage points (+13.4% 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.
FNB vs QQQ: side by side
| FNB (F.N.B. Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +13.4% | +26.3% |
| 5-year return | +91.1% | +95.4% |
| Volatility (ann.) | 27.4% | 19.6% |
| Beta vs S&P 500 | 1.03 | 1.28 |
| Max drawdown (3Y) | -32.6% | -22.8% |
| Market cap | $6.6B | – |
| P/E (trailing) | 11.0 | – |
| Dividend yield | 2.65% | 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 | FNB | QQQ |
|---|---|---|
| 2022 | +11.7% | -32.6% |
| 2023 | +9.8% | +54.9% |
| 2024 | +11.0% | +25.6% |
| 2025 | +19.4% | +20.8% |
| 2026 | +9.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNB and QQQ good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FNB and QQQ?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.13 over the last year and 0.38 over 5 years.
Is QQQ a good diversifier for FNB?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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/fnb-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fnb-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNB correlations · QQQ correlations
