PBAM vs QQQ: Correlation
Private Bancorp of America, Inc. (PBAM) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.05.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PBAM and QQQ?
On 3 years of weekly data the PBAM/QQQ correlation comes out at 0.05, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.05 lands near the 3-year figure. The 5-year figure is 0.02, and annualized covariance runs at 17.1 %².
Among the 11 assets we track against PBAM, QQQ sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with PBAM ahead by 27.3 points (+53.6% versus +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.
PBAM vs QQQ: side by side
| PBAM (Private Bancorp of America, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +53.6% | +26.3% |
| 5-year return | +253.3% | +95.4% |
| Volatility (ann.) | 19.0% | 19.6% |
| Beta vs S&P 500 | 0.13 | 1.28 |
| Max drawdown (3Y) | -14.8% | -22.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | 11.5 | – |
| Dividend yield | 0.00% | 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 | PBAM | QQQ |
|---|---|---|
| 2022 | +20.2% | -32.6% |
| 2023 | +8.1% | +54.9% |
| 2024 | +65.0% | +25.6% |
| 2025 | -0.4% | +20.8% |
| 2026 | +53.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PBAM and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.05 means the two rarely move for the same reasons.
FAQ
What is the correlation between PBAM and QQQ?
As of 2026-08-27, the correlation of weekly returns between PBAM and QQQ is 0.05 over 3 years, 0.05 over 1 year and 0.02 over 5 years.
Is QQQ a good diversifier for PBAM?
By historical standards, yes. A correlation of 0.05 means the two rarely move for the same reasons.
What does a correlation of 0.05 mean?
On the −1 to +1 scale, 0.05 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: PBAM correlations · QQQ correlations
