PKBK vs QQQ: Correlation
How closely do Parke Bancorp, Inc. (PKBK) 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 PKBK and QQQ?
Across a 3-year window, the weekly returns of PKBK and QQQ correlate at 0.23, weak. The past 12 months show a weaker link (0.07) than the 3-year average (0.23). Stretching to 5 years gives 0.21, with an annualized covariance of 120.1 %².
QQQ is close to the least connected end of PKBK's tracked universe, ranking #9 of 12. Their recent paths diverged sharply: over the last 12 months PKBK outperformed by 25.8 percentage points (+52.1% for PKBK 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.
PKBK vs QQQ: side by side
| PKBK (Parke Bancorp, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +52.1% | +26.3% |
| 5-year return | +97.5% | +95.4% |
| Volatility (ann.) | 27.2% | 19.6% |
| Beta vs S&P 500 | 0.68 | 1.28 |
| Max drawdown (3Y) | -26.3% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 8.8 | – |
| Dividend yield | 2.19% | 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 | PKBK | QQQ |
|---|---|---|
| 2022 | +0.4% | -32.6% |
| 2023 | +1.7% | +54.9% |
| 2024 | +5.4% | +25.6% |
| 2025 | +26.6% | +20.8% |
| 2026 | +36.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PKBK and QQQ good diversifiers for each other?
Reasonably. At 0.23, PKBK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PKBK and QQQ?
As of 2026-08-27, the correlation of weekly returns between PKBK and QQQ is 0.23 over 3 years, 0.07 over 1 year and 0.21 over 5 years.
Is QQQ a good diversifier for PKBK?
Reasonably. At 0.23, PKBK 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
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Related comparisons
Hubs: PKBK correlations · QQQ correlations
