MVBF vs QQQ: Correlation
How closely do MVB Financial Corp. (MVBF) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MVBF and QQQ?
On 3 years of weekly data the MVBF/QQQ correlation comes out at 0.22, weak. The past 12 months show a weaker link (0.00) than the 3-year average (0.22). The 5-year figure is 0.26, and annualized covariance runs at 139.1 %².
QQQ is close to the least connected end of MVBF's tracked universe, ranking #8 of 11. Twelve-month performance is nearly a tie, at +29.5% for MVBF and +26.3% for QQQ. Note the risk asymmetry: MVBF runs 1.7 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.
MVBF vs QQQ: side by side
| MVBF (MVB Financial Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +29.5% | +26.3% |
| 5-year return | -11.2% | +95.4% |
| Volatility (ann.) | 32.7% | 19.6% |
| Beta vs S&P 500 | 0.78 | 1.28 |
| Max drawdown (3Y) | -35.3% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 10.1 | – |
| Dividend yield | 2.27% | 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 | MVBF | QQQ |
|---|---|---|
| 2022 | -45.8% | -32.6% |
| 2023 | +5.7% | +54.9% |
| 2024 | -5.1% | +25.6% |
| 2025 | +28.7% | +20.8% |
| 2026 | +18.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MVBF and QQQ good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MVBF and QQQ?
As of 2026-08-27, the correlation of weekly returns between MVBF and QQQ is 0.22 over 3 years, 0.00 over 1 year and 0.26 over 5 years.
Is QQQ a good diversifier for MVBF?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 mean?
A reading of 0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mvbf-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mvbf-vs-qqq/)
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Related comparisons
Hubs: MVBF correlations · QQQ correlations
