GABC vs QQQ: Correlation
Measured on weekly returns over the past three years, German American Bancorp, Inc. (GABC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GABC and QQQ?
Over the past 3 years, GABC and QQQ moved with a correlation of 0.22, which is weak. Lately the two have drifted apart, with the 1-year correlation at -0.02 versus 0.22 over 3 years. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 108.6 %².
QQQ is close to the least connected end of GABC's tracked universe, ranking #12 of 15. Their 12-month results are close: +21.5% for GABC against +26.3% for QQQ.
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.
GABC vs QQQ: side by side
| GABC (German American Bancorp, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +21.5% | +26.3% |
| 5-year return | +55.3% | +95.4% |
| Volatility (ann.) | 25.1% | 19.6% |
| Beta vs S&P 500 | 0.62 | 1.28 |
| Max drawdown (3Y) | -25.3% | -22.8% |
| Market cap | $1.9B | – |
| P/E (trailing) | 13.0 | – |
| Dividend yield | 2.46% | 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 | GABC | QQQ |
|---|---|---|
| 2022 | -2.0% | -32.6% |
| 2023 | -10.2% | +54.9% |
| 2024 | +27.9% | +25.6% |
| 2025 | +0.3% | +20.8% |
| 2026 | +29.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GABC and QQQ good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GABC and QQQ?
As of 2026-08-27, the correlation of weekly returns between GABC and QQQ is 0.22 over 3 years, -0.02 over 1 year and 0.23 over 5 years.
Is QQQ a good diversifier for GABC?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 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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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gabc-vs-qqq/)
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Related comparisons
Hubs: GABC correlations · QQQ correlations
