OPBK vs QQQ: Correlation
How closely do OP Bancorp (OPBK) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.21, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPBK and QQQ?
Across a 3-year window, the weekly returns of OPBK and QQQ correlate at 0.21, weak. Lately the two have drifted apart, with the 1-year correlation at 0.04 versus 0.21 over 3 years. Stretching to 5 years gives 0.28, with an annualized covariance of 125.9 %².
QQQ is close to the least connected end of OPBK's tracked universe, ranking #12 of 15. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 15.7 percentage points (+10.6% for OPBK against +26.3% for QQQ). Risk is not evenly split, since OPBK carries 1.5 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.
OPBK vs QQQ: side by side
| OPBK (OP Bancorp) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +10.6% | +26.3% |
| 5-year return | +86.0% | +95.4% |
| Volatility (ann.) | 30.2% | 19.6% |
| Beta vs S&P 500 | 0.65 | 1.28 |
| Max drawdown (3Y) | -41.8% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 7.7 | – |
| Dividend yield | 3.33% | 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 | OPBK | QQQ |
|---|---|---|
| 2022 | -9.3% | -32.6% |
| 2023 | +3.2% | +54.9% |
| 2024 | +50.5% | +25.6% |
| 2025 | -7.4% | +20.8% |
| 2026 | +10.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPBK and QQQ good diversifiers for each other?
Reasonably. At 0.21, OPBK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OPBK and QQQ?
The OPBK/QQQ correlation stands at 0.21 on a 3-year window (1 year: 0.04, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for OPBK?
Reasonably. At 0.21, OPBK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.21 mean?
On the −1 to +1 scale, 0.21 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: OPBK correlations · QQQ correlations
