LVS vs QNBC: Correlation
Las Vegas Sands (LVS) and QNB Corp. (QNBC) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LVS and QNBC?
On 3 years of weekly data the LVS/QNBC correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.21 lands near the 3-year figure. The 5-year figure is -0.03, and annualized covariance runs at -102.0 %².
Out of 29 assets tracked against LVS, QNBC lands near the bottom at #26. Their recent paths diverged sharply: over the last 12 months QNBC outperformed by 51.6 percentage points (-20.3% for LVS against +31.3% for QNBC). Note the risk asymmetry: LVS runs 2.0 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.
LVS vs QNBC: side by side
| LVS (Las Vegas Sands) | QNBC (QNB Corp.) | |
|---|---|---|
| 1-year return | -20.3% | +31.3% |
| 5-year return | +8.5% | +50.2% |
| Volatility (ann.) | 34.8% | 17.1% |
| Beta vs S&P 500 | 0.75 | -0.03 |
| Max drawdown (3Y) | -44.0% | -12.1% |
| Market cap | $28.7B | $0.3B |
| P/E (trailing) | 17.1 | 13.4 |
| Dividend yield | 2.49% | 3.43% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | LVS | QNBC |
|---|---|---|
| 2022 | +27.7% | -23.3% |
| 2023 | +3.1% | +4.7% |
| 2024 | +6.2% | +37.9% |
| 2025 | +29.5% | +7.7% |
| 2026 | -30.8% | +31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LVS and QNBC good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between LVS and QNBC?
As of 2026-08-27, the correlation of weekly returns between LVS and QNBC is -0.17 over 3 years, -0.21 over 1 year and -0.03 over 5 years.
Is QNBC a good diversifier for LVS?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/lvs-vs-qnbc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lvs-vs-qnbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LVS correlations · QNBC correlations
