FSUN vs QQQ: Correlation
FirstSun Capital Bancorp (FSUN) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSUN and QQQ?
On 3 years of weekly data the FSUN/QQQ correlation comes out at 0.23, weak. Lately the two have drifted apart, with the 1-year correlation at 0.04 versus 0.23 over 3 years. The 5-year figure is 0.15, and annualized covariance runs at 124.4 %².
QQQ is close to the least connected end of FSUN's tracked universe, ranking #10 of 13. Correlation aside, the last 12 months split them widely, with QQQ ahead by 20.5 points (+5.8% versus +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.
FSUN vs QQQ: side by side
| FSUN (FirstSun Capital Bancorp) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.8% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 27.4% | 19.6% |
| Beta vs S&P 500 | 0.57 | 1.28 |
| Max drawdown (3Y) | -31.4% | -22.8% |
| Market cap | $1.8B | – |
| P/E (trailing) | 24.0 | – |
| Dividend yield | 0.00% | 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 | FSUN | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -6.7% | +54.9% |
| 2024 | +17.8% | +25.6% |
| 2025 | -6.0% | +20.8% |
| 2026 | +6.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSUN and QQQ good diversifiers for each other?
Reasonably. At 0.23, FSUN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FSUN and QQQ?
The FSUN/QQQ correlation stands at 0.23 on a 3-year window (1 year: 0.04, 5 years: 0.15), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FSUN?
Reasonably. At 0.23, FSUN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.23 mean?
On the −1 to +1 scale, 0.23 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: FSUN correlations · QQQ correlations
