MCB vs QQQ: Correlation
Metropolitan Bank Holding Corp. (MCB) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCB and QQQ?
On 3 years of weekly data the MCB/QQQ correlation comes out at 0.20, weak. The past 12 months show a weaker link (0.00) than the 3-year average (0.20). The 5-year figure is 0.24, and annualized covariance runs at 167.1 %².
Among the 10 assets we track against MCB, QQQ sits near the bottom by co-movement, at rank #7. The trailing year gives QQQ the advantage: +17.5% versus +26.3%, a 8.8-point spread. Note the risk asymmetry: MCB runs 2.2 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.
MCB vs QQQ: side by side
| MCB (Metropolitan Bank Holding Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +17.5% | +26.3% |
| 5-year return | +20.3% | +95.4% |
| Volatility (ann.) | 43.5% | 19.6% |
| Beta vs S&P 500 | 0.94 | 1.28 |
| Max drawdown (3Y) | -42.3% | -22.8% |
| Market cap | $1.1B | – |
| P/E (trailing) | 11.7 | – |
| Dividend yield | 0.82% | 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 | MCB | QQQ |
|---|---|---|
| 2022 | -44.9% | -32.6% |
| 2023 | -5.6% | +54.9% |
| 2024 | +5.5% | +25.6% |
| 2025 | +31.3% | +20.8% |
| 2026 | +21.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCB and QQQ good diversifiers for each other?
Reasonably. At 0.20, MCB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MCB and QQQ?
The MCB/QQQ correlation stands at 0.20 on a 3-year window (1 year: 0.00, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MCB?
Reasonably. At 0.20, MCB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.20 mean?
On the −1 to +1 scale, 0.20 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/mcb-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mcb-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MCB correlations · QQQ correlations
