FVCB vs QQQ: Correlation
How closely do FVCBankcorp, Inc. (FVCB) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.20, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FVCB and QQQ?
Across a 3-year window, the weekly returns of FVCB and QQQ correlate at 0.20, weak. The link has loosened recently: the 1-year correlation (-0.12) runs below the 3-year figure (0.20). Stretching to 5 years gives 0.17, with an annualized covariance of 138.8 %².
Out of 14 assets tracked against FVCB, QQQ lands near the bottom at #11. On 12-month performance FVCB holds a 10.3-point edge, +36.6% against +26.3%. One caveat on sizing: FVCB is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
FVCB vs QQQ: side by side
| FVCB (FVCBankcorp, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +36.6% | +26.3% |
| 5-year return | +19.5% | +95.4% |
| Volatility (ann.) | 35.2% | 19.6% |
| Beta vs S&P 500 | 0.80 | 1.28 |
| Max drawdown (3Y) | -34.3% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 1.43% | 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 | FVCB | QQQ |
|---|---|---|
| 2022 | -3.1% | -32.6% |
| 2023 | -6.9% | +54.9% |
| 2024 | -11.5% | +25.6% |
| 2025 | +11.7% | +20.8% |
| 2026 | +33.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FVCB and QQQ good diversifiers for each other?
Reasonably. At 0.20, FVCB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FVCB and QQQ?
The FVCB/QQQ correlation stands at 0.20 on a 3-year window (1 year: -0.12, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for FVCB?
Reasonably. At 0.20, FVCB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.20 mean?
A reading of 0.20 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/fvcb-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fvcb-vs-qqq/)
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Related comparisons
Hubs: FVCB correlations · QQQ correlations
