MCBS vs QQQ: Correlation
How closely do MetroCity Bankshares, Inc. (MCBS) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCBS and QQQ?
On 3 years of weekly data the MCBS/QQQ correlation comes out at 0.30, moderate. The past 12 months show a weaker link (0.02) than the 3-year average (0.30). The 5-year figure is 0.35, and annualized covariance runs at 164.1 %².
Among the 30 assets we track against MCBS, QQQ sits near the bottom by co-movement, at rank #27. The trailing year gives QQQ the advantage: +20.8% versus +26.3%, a 5.5-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.
MCBS vs QQQ: side by side
| MCBS (MetroCity Bankshares, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +20.8% | +26.3% |
| 5-year return | +99.5% | +95.4% |
| Volatility (ann.) | 28.2% | 19.6% |
| Beta vs S&P 500 | 0.85 | 1.28 |
| Max drawdown (3Y) | -28.0% | -22.8% |
| Market cap | $1.0B | – |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 2.95% | 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 | MCBS | QQQ |
|---|---|---|
| 2022 | -19.3% | -32.6% |
| 2023 | +15.3% | +54.9% |
| 2024 | +37.1% | +25.6% |
| 2025 | -14.1% | +20.8% |
| 2026 | +35.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCBS and QQQ good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MCBS and QQQ?
The MCBS/QQQ correlation stands at 0.30 on a 3-year window (1 year: 0.02, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for MCBS?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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.
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Related comparisons
Hubs: MCBS correlations · QQQ correlations
