IBCP vs QQQ: Correlation
How closely do Independent Bank Corporation (IBCP) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBCP and QQQ?
Over the past 3 years, IBCP and QQQ moved with a correlation of 0.25, which is weak. The past 12 months show a weaker link (0.02) than the 3-year average (0.25). Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 140.0 %².
QQQ is close to the least connected end of IBCP's tracked universe, ranking #12 of 15. The trailing year gives QQQ the advantage: +13.7% versus +26.3%, a 12.6-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.
IBCP vs QQQ: side by side
| IBCP (Independent Bank Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +13.7% | +26.3% |
| 5-year return | +112.7% | +95.4% |
| Volatility (ann.) | 28.7% | 19.6% |
| Beta vs S&P 500 | 0.77 | 1.28 |
| Max drawdown (3Y) | -27.5% | -22.8% |
| Market cap | $0.8B | – |
| P/E (trailing) | 10.6 | – |
| Dividend yield | 2.94% | 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 | IBCP | QQQ |
|---|---|---|
| 2022 | +4.3% | -32.6% |
| 2023 | +14.0% | +54.9% |
| 2024 | +38.5% | +25.6% |
| 2025 | -3.5% | +20.8% |
| 2026 | +15.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBCP and QQQ good diversifiers for each other?
Reasonably. At 0.25, IBCP and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IBCP and QQQ?
As of 2026-08-27, the correlation of weekly returns between IBCP and QQQ is 0.25 over 3 years, 0.02 over 1 year and 0.24 over 5 years.
Is QQQ a good diversifier for IBCP?
Reasonably. At 0.25, IBCP and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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
$ curl https://www.pairbook.io/api/v1/pairs/ibcp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ibcp-vs-qqq/)
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Related comparisons
Hubs: IBCP correlations · QQQ correlations
