FRST vs QQQ: Correlation
Measured on weekly returns over the past three years, Primis Financial Corp. (FRST) 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 FRST and QQQ?
On 3 years of weekly data the FRST/QQQ correlation comes out at 0.26, weak. The link has loosened recently: the 1-year correlation (-0.04) runs below the 3-year figure (0.26). The 5-year figure is 0.26, and annualized covariance runs at 168.2 %².
QQQ is close to the least connected end of FRST's tracked universe, ranking #8 of 11. Correlation aside, the last 12 months split them widely, with FRST ahead by 19.9 points (+46.2% versus +26.3%). Note the risk asymmetry: FRST runs 1.7 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.
FRST vs QQQ: side by side
| FRST (Primis Financial Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +46.2% | +26.3% |
| 5-year return | +26.9% | +95.4% |
| Volatility (ann.) | 33.3% | 19.6% |
| Beta vs S&P 500 | 0.88 | 1.28 |
| Max drawdown (3Y) | -39.3% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 7.4 | – |
| Dividend yield | 2.48% | 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 | FRST | QQQ |
|---|---|---|
| 2022 | -18.8% | -32.6% |
| 2023 | +11.5% | +54.9% |
| 2024 | -4.7% | +25.6% |
| 2025 | +23.9% | +20.8% |
| 2026 | +16.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRST and QQQ good diversifiers for each other?
Reasonably. At 0.26, FRST and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FRST and QQQ?
As of 2026-08-27, the correlation of weekly returns between FRST and QQQ is 0.26 over 3 years, -0.04 over 1 year and 0.26 over 5 years.
Is QQQ a good diversifier for FRST?
Reasonably. At 0.26, FRST and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.26 mean?
On the −1 to +1 scale, 0.26 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
$ curl https://www.pairbook.io/api/v1/pairs/frst-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/frst-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRST correlations · QQQ correlations
