PNBK vs QQQ: Correlation
How closely do Patriot National Bancorp Inc. (PNBK) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.07, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNBK and QQQ?
Across a 3-year window, the weekly returns of PNBK and QQQ correlate at 0.07, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.12 lands near the 3-year figure. Stretching to 5 years gives 0.06, with an annualized covariance of 158.7 %².
Within PNBK's tracked universe of 15 assets, QQQ comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 58.4 points (-32.1% versus +26.3%). One caveat on sizing: PNBK is 5.7 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.
PNBK vs QQQ: side by side
| PNBK (Patriot National Bancorp Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -32.1% | +26.3% |
| 5-year return | -89.0% | +95.4% |
| Volatility (ann.) | 112.5% | 19.6% |
| Beta vs S&P 500 | 0.76 | 1.28 |
| Max drawdown (3Y) | -89.4% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| 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 | PNBK | QQQ |
|---|---|---|
| 2022 | -31.8% | -32.6% |
| 2023 | -63.9% | +54.9% |
| 2024 | -49.3% | +25.6% |
| 2025 | -6.2% | +20.8% |
| 2026 | -43.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNBK and QQQ good diversifiers for each other?
Yes: at 0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PNBK and QQQ?
The PNBK/QQQ correlation stands at 0.07 on a 3-year window (1 year: 0.12, 5 years: 0.06), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PNBK?
Yes: at 0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.07 mean?
A reading of 0.07 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/pnbk-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pnbk-vs-qqq/)
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Related comparisons
Hubs: PNBK correlations · QQQ correlations
