PEBK vs QQQ: Correlation
Measured on weekly returns over the past three years, Peoples Bancorp of North Carolina, Inc. (PEBK) and Invesco QQQ Trust (QQQ) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEBK and QQQ?
Over the past 3 years, PEBK and QQQ moved with a correlation of 0.27, which is weak. The link has loosened recently: the 1-year correlation (-0.05) runs below the 3-year figure (0.27). Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 159.0 %².
Out of 12 assets tracked against PEBK, QQQ lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with PEBK ahead by 16.5 points (+42.8% versus +26.3%). One caveat on sizing: PEBK is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PEBK vs QQQ: side by side
| PEBK (Peoples Bancorp of North Carolina, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +42.8% | +26.3% |
| 5-year return | +80.5% | +95.4% |
| Volatility (ann.) | 30.3% | 19.6% |
| Beta vs S&P 500 | 0.76 | 1.28 |
| Max drawdown (3Y) | -25.2% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 12.0 | – |
| Dividend yield | 1.88% | 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 | PEBK | QQQ |
|---|---|---|
| 2022 | +21.8% | -32.6% |
| 2023 | -1.4% | +54.9% |
| 2024 | +4.3% | +25.6% |
| 2025 | +19.7% | +20.8% |
| 2026 | +21.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEBK and QQQ good diversifiers for each other?
Reasonably. At 0.27, PEBK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PEBK and QQQ?
As of 2026-08-27, the correlation of weekly returns between PEBK and QQQ is 0.27 over 3 years, -0.05 over 1 year and 0.19 over 5 years.
Is QQQ a good diversifier for PEBK?
Reasonably. At 0.27, PEBK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
A reading of 0.27 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
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Related comparisons
Hubs: PEBK correlations · QQQ correlations
