FSBC vs QQQ: Correlation
Measured on weekly returns over the past three years, Five Star Bancorp (FSBC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSBC and QQQ?
Across a 3-year window, the weekly returns of FSBC and QQQ correlate at 0.32, moderate. The past 12 months show a weaker link (0.16) than the 3-year average (0.32). Stretching to 5 years gives 0.34, with an annualized covariance of 170.9 %².
Out of 18 assets tracked against FSBC, QQQ lands near the bottom at #15. The trailing year gives FSBC the advantage: +40.6% versus +26.3%, a 14.3-point spread.
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.
FSBC vs QQQ: side by side
| FSBC (Five Star Bancorp) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +40.6% | +26.3% |
| 5-year return | +117.2% | +95.4% |
| Volatility (ann.) | 27.1% | 19.6% |
| Beta vs S&P 500 | 0.82 | 1.28 |
| Max drawdown (3Y) | -24.5% | -22.8% |
| Market cap | $1.1B | – |
| P/E (trailing) | 13.4 | – |
| Dividend yield | 2.10% | 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 | FSBC | QQQ |
|---|---|---|
| 2022 | -7.2% | -32.6% |
| 2023 | -0.6% | +54.9% |
| 2024 | +18.6% | +25.6% |
| 2025 | +22.1% | +20.8% |
| 2026 | +28.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSBC and QQQ good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FSBC and QQQ?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.16 over the last year and 0.34 over 5 years.
Is QQQ a good diversifier for FSBC?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 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
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[](https://www.pairbook.io/pair/fsbc-vs-qqq/)
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Related comparisons
Hubs: FSBC correlations · QQQ correlations
