NRIM vs QQQ: Correlation
Measured on weekly returns over the past three years, Northrim BanCorp Inc (NRIM) and Invesco QQQ Trust (QQQ) carry a correlation of 0.21, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRIM and QQQ?
Over the past 3 years, NRIM and QQQ moved with a correlation of 0.21, which is weak. The past 12 months show a weaker link (-0.04) than the 3-year average (0.21). Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 153.6 %².
QQQ is close to the least connected end of NRIM's tracked universe, ranking #9 of 12. The trailing year gives QQQ the advantage: +11.5% versus +26.3%, a 14.8-point spread. One caveat on sizing: NRIM is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
NRIM vs QQQ: side by side
| NRIM (Northrim BanCorp Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +11.5% | +26.3% |
| 5-year return | +203.9% | +95.4% |
| Volatility (ann.) | 36.9% | 19.6% |
| Beta vs S&P 500 | 0.89 | 1.28 |
| Max drawdown (3Y) | -24.9% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | 8.4 | – |
| Dividend yield | 1.25% | 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 | NRIM | QQQ |
|---|---|---|
| 2022 | +30.7% | -32.6% |
| 2023 | +10.4% | +54.9% |
| 2024 | +41.9% | +25.6% |
| 2025 | +40.5% | +20.8% |
| 2026 | -1.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRIM and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NRIM and QQQ?
Using weekly returns as of 2026-08-27: 0.21 over 3 years, with -0.04 over the last year and 0.20 over 5 years.
Is QQQ a good diversifier for NRIM?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.21 mean?
A reading of 0.21 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/nrim-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nrim-vs-qqq/)
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Related comparisons
Hubs: NRIM correlations · QQQ correlations
