PBFS vs QQQ: Correlation
Measured on weekly returns over the past three years, Pioneer Bancorp, Inc. (PBFS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.17, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PBFS and QQQ?
Over the past 3 years, PBFS and QQQ moved with a correlation of 0.17, which is weak. The past 12 months show a weaker link (-0.09) than the 3-year average (0.17). Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 74.0 %².
Out of 10 assets tracked against PBFS, QQQ lands near the bottom at #7. On 12-month performance PBFS holds a 12.0-point edge, +38.3% against +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.
PBFS vs QQQ: side by side
| PBFS (Pioneer Bancorp, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +38.3% | +26.3% |
| 5-year return | +44.7% | +95.4% |
| Volatility (ann.) | 22.2% | 19.6% |
| Beta vs S&P 500 | 0.37 | 1.28 |
| Max drawdown (3Y) | -19.3% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 25.3 | – |
| 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 | PBFS | QQQ |
|---|---|---|
| 2022 | +0.7% | -32.6% |
| 2023 | -12.2% | +54.9% |
| 2024 | +15.1% | +25.6% |
| 2025 | +17.0% | +20.8% |
| 2026 | +31.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PBFS and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between PBFS and QQQ?
Using weekly returns as of 2026-08-27: 0.17 over 3 years, with -0.09 over the last year and 0.21 over 5 years.
Is QQQ a good diversifier for PBFS?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
What does a correlation of 0.17 mean?
A reading of 0.17 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/pbfs-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pbfs-vs-qqq/)
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Related comparisons
Hubs: PBFS correlations · QQQ correlations
