FULT vs QQQ: Correlation
How closely do Fulton Financial Corporation (FULT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FULT and QQQ?
On 3 years of weekly data the FULT/QQQ correlation comes out at 0.35, moderate. The link has loosened recently: the 1-year correlation (0.07) runs below the 3-year figure (0.35). The 5-year figure is 0.33, and annualized covariance runs at 206.3 %².
QQQ is close to the least connected end of FULT's tracked universe, ranking #42 of 45. Neither side won the trailing year by much: +24.1% against +26.3%. Note the risk asymmetry: FULT runs 1.5 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.
FULT vs QQQ: side by side
| FULT (Fulton Financial Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +24.1% | +26.3% |
| 5-year return | +85.0% | +95.4% |
| Volatility (ann.) | 30.3% | 19.6% |
| Beta vs S&P 500 | 1.03 | 1.28 |
| Max drawdown (3Y) | -29.9% | -22.8% |
| Market cap | $4.5B | – |
| P/E (trailing) | 11.4 | – |
| Dividend yield | 3.15% | 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 | FULT | QQQ |
|---|---|---|
| 2022 | +3.1% | -32.6% |
| 2023 | +2.5% | +54.9% |
| 2024 | +21.9% | +25.6% |
| 2025 | +4.3% | +20.8% |
| 2026 | +25.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FULT and QQQ good diversifiers for each other?
Reasonably. At 0.35, FULT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FULT and QQQ?
The FULT/QQQ correlation stands at 0.35 on a 3-year window (1 year: 0.07, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FULT?
Reasonably. At 0.35, FULT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fult-vs-qqq.json
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Related comparisons
Hubs: FULT correlations · QQQ correlations
