NBN vs QQQ: Correlation
How closely do Northeast Bank (NBN) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NBN and QQQ?
Over the past 3 years, NBN and QQQ moved with a correlation of 0.27, which is weak. Little has changed lately, as the 1-year reading of 0.21 lands near the 3-year figure. Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 175.6 %².
QQQ is close to the least connected end of NBN's tracked universe, ranking #10 of 13. Over the last 12 months QQQ came out ahead by 8.6 percentage points (+17.7% against +26.3%). Risk is not evenly split, since NBN carries 1.7 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.
NBN vs QQQ: side by side
| NBN (Northeast Bank) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +17.7% | +26.3% |
| 5-year return | +303.8% | +95.4% |
| Volatility (ann.) | 33.6% | 19.6% |
| Beta vs S&P 500 | 0.81 | 1.28 |
| Max drawdown (3Y) | -27.6% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 10.2 | – |
| Dividend yield | 0.03% | 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 | NBN | QQQ |
|---|---|---|
| 2022 | +17.9% | -32.6% |
| 2023 | +31.2% | +54.9% |
| 2024 | +66.3% | +25.6% |
| 2025 | +13.3% | +20.8% |
| 2026 | +25.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBN and QQQ good diversifiers for each other?
Reasonably. At 0.27, NBN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NBN and QQQ?
As of 2026-08-27, the correlation of weekly returns between NBN and QQQ is 0.27 over 3 years, 0.21 over 1 year and 0.17 over 5 years.
Is QQQ a good diversifier for NBN?
Reasonably. At 0.27, NBN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 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/nbn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nbn-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NBN correlations · QQQ correlations
