PB vs QQQ: Correlation
How closely do Prosperity Bancshares, Inc. (PB) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.23, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PB and QQQ?
On 3 years of weekly data the PB/QQQ correlation comes out at 0.23, weak. The past 12 months show a weaker link (0.03) than the 3-year average (0.23). The 5-year figure is 0.29, and annualized covariance runs at 108.9 %².
Out of 10 assets tracked against PB, QQQ lands near the bottom at #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 18.2 percentage points (+8.1% for PB against +26.3% for QQQ).
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.
PB vs QQQ: side by side
| PB (Prosperity Bancshares, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +8.1% | +26.3% |
| 5-year return | +23.1% | +95.4% |
| Volatility (ann.) | 23.7% | 19.6% |
| Beta vs S&P 500 | 0.61 | 1.28 |
| Max drawdown (3Y) | -24.8% | -22.8% |
| Market cap | $8.7B | – |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 3.26% | 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 | PB | QQQ |
|---|---|---|
| 2022 | +3.6% | -32.6% |
| 2023 | -3.3% | +54.9% |
| 2024 | +15.1% | +25.6% |
| 2025 | -5.1% | +20.8% |
| 2026 | +7.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PB and QQQ good diversifiers for each other?
Reasonably. At 0.23, PB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PB and QQQ?
Using weekly returns as of 2026-08-27: 0.23 over 3 years, with 0.03 over the last year and 0.29 over 5 years.
Is QQQ a good diversifier for PB?
Reasonably. At 0.23, PB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.23 mean?
On the −1 to +1 scale, 0.23 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
$ curl https://www.pairbook.io/api/v1/pairs/pb-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pb-vs-qqq/)
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Related comparisons
Hubs: PB correlations · QQQ correlations
