NBTB vs QQQ: Correlation
Measured on weekly returns over the past three years, NBT Bancorp Inc. (NBTB) and Invesco QQQ Trust (QQQ) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NBTB and QQQ?
Over the past 3 years, NBTB and QQQ moved with a correlation of 0.27, which is weak. The link has loosened recently: the 1-year correlation (0.00) runs below the 3-year figure (0.27). Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 141.3 %².
Among the 17 assets we track against NBTB, QQQ sits near the bottom by co-movement, at rank #14. Over the last 12 months QQQ came out ahead by 8.2 percentage points (+18.1% against +26.3%).
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.
NBTB vs QQQ: side by side
| NBTB (NBT Bancorp Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +18.1% | +26.3% |
| 5-year return | +68.0% | +95.4% |
| Volatility (ann.) | 27.2% | 19.6% |
| Beta vs S&P 500 | 0.75 | 1.28 |
| Max drawdown (3Y) | -25.7% | -22.8% |
| Market cap | $2.7B | – |
| P/E (trailing) | 12.5 | – |
| Dividend yield | 2.87% | 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 | NBTB | QQQ |
|---|---|---|
| 2022 | +16.0% | -32.6% |
| 2023 | -0.1% | +54.9% |
| 2024 | +17.7% | +25.6% |
| 2025 | -10.2% | +20.8% |
| 2026 | +26.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBTB and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NBTB and QQQ?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.00 over the last year and 0.22 over 5 years.
Is QQQ a good diversifier for NBTB?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 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
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Related comparisons
Hubs: NBTB correlations · QQQ correlations
