OVBC vs QQQ: Correlation
Measured on weekly returns over the past three years, Ohio Valley Banc Corp. (OVBC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.02, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OVBC and QQQ?
Over the past 3 years, OVBC and QQQ moved with a correlation of 0.02, which is near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.16) runs above the 3-year figure (0.02). Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is 11.6 %².
QQQ is close to the least connected end of OVBC's tracked universe, ranking #7 of 11. Neither side won the trailing year by much: +27.8% against +26.3%. Note the risk asymmetry: OVBC runs 1.6 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.
OVBC vs QQQ: side by side
| OVBC (Ohio Valley Banc Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +27.8% | +26.3% |
| 5-year return | +98.0% | +95.4% |
| Volatility (ann.) | 32.1% | 19.6% |
| Beta vs S&P 500 | 0.12 | 1.28 |
| Max drawdown (3Y) | -26.2% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 15.1 | – |
| Dividend yield | 2.08% | 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 | OVBC | QQQ |
|---|---|---|
| 2022 | -7.8% | -32.6% |
| 2023 | -9.3% | +54.9% |
| 2024 | +9.3% | +25.6% |
| 2025 | +70.0% | +20.8% |
| 2026 | +15.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OVBC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.02 means the two rarely move for the same reasons.
FAQ
What is the correlation between OVBC and QQQ?
As of 2026-08-27, the correlation of weekly returns between OVBC and QQQ is 0.02 over 3 years, 0.16 over 1 year and -0.08 over 5 years.
Is QQQ a good diversifier for OVBC?
By historical standards, yes. A correlation of 0.02 means the two rarely move for the same reasons.
What does a correlation of 0.02 mean?
On the −1 to +1 scale, 0.02 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.
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Related comparisons
Hubs: OVBC correlations · QQQ correlations
