PEBO vs QQQ: Correlation
Peoples Bancorp Inc. (PEBO) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEBO and QQQ?
Over the past 3 years, PEBO and QQQ moved with a correlation of 0.27, which is weak. The past 12 months show a weaker link (-0.08) than the 3-year average (0.27). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 131.3 %².
Among the 26 assets we track against PEBO, QQQ sits near the bottom by co-movement, at rank #23. On 12-month performance PEBO holds a 7.3-point edge, +33.6% 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.
PEBO vs QQQ: side by side
| PEBO (Peoples Bancorp Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +33.6% | +26.3% |
| 5-year return | +66.3% | +95.4% |
| Volatility (ann.) | 25.1% | 19.6% |
| Beta vs S&P 500 | 0.69 | 1.28 |
| Max drawdown (3Y) | -24.5% | -22.8% |
| Market cap | $1.4B | – |
| P/E (trailing) | 12.0 | – |
| Dividend yield | 4.18% | 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 | PEBO | QQQ |
|---|---|---|
| 2022 | -6.6% | -32.6% |
| 2023 | +26.5% | +54.9% |
| 2024 | -1.0% | +25.6% |
| 2025 | +0.1% | +20.8% |
| 2026 | +36.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEBO and QQQ good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PEBO and QQQ?
As of 2026-08-27, the correlation of weekly returns between PEBO and QQQ is 0.27 over 3 years, -0.08 over 1 year and 0.29 over 5 years.
Is QQQ a good diversifier for PEBO?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: PEBO correlations · QQQ correlations
