LLY vs QNBC: Correlation
How closely do Lilly (Eli) (LLY) and QNB Corp. (QNBC) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LLY and QNBC?
Across a 3-year window, the weekly returns of LLY and QNBC correlate at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.14) sits close to the 3-year figure. Stretching to 5 years gives -0.14, with an annualized covariance of -118.2 %².
By 3-year correlation, QNBC places #21 of the 29 assets tracked against LLY. Their recent paths diverged sharply: over the last 12 months LLY outperformed by 29.9 percentage points (+61.2% for LLY against +31.3% for QNBC). Risk is not evenly split, since LLY carries 2.1 times the volatility of the other side.
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.
LLY vs QNBC: side by side
| LLY (Lilly (Eli)) | QNBC (QNB Corp.) | |
|---|---|---|
| 1-year return | +61.2% | +31.3% |
| 5-year return | +369.2% | +50.2% |
| Volatility (ann.) | 36.6% | 17.1% |
| Beta vs S&P 500 | 0.57 | -0.03 |
| Max drawdown (3Y) | -34.5% | -12.1% |
| Market cap | $1,048.8B | $0.3B |
| P/E (trailing) | 40.0 | 13.4 |
| Dividend yield | 0.54% | 3.43% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | LLY | QNBC |
|---|---|---|
| 2022 | +34.3% | -23.3% |
| 2023 | +60.9% | +4.7% |
| 2024 | +33.3% | +37.9% |
| 2025 | +40.2% | +7.7% |
| 2026 | +10.0% | +31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LLY and QNBC good diversifiers for each other?
Yes. With a correlation of -0.19, LLY and QNBC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LLY and QNBC?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.14 over the last year and -0.14 over 5 years.
Is QNBC a good diversifier for LLY?
Yes. With a correlation of -0.19, LLY and QNBC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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
$ curl https://www.pairbook.io/api/v1/pairs/lly-vs-qnbc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lly-vs-qnbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LLY correlations · QNBC correlations
