QNBC vs QQQ: Correlation
Measured on weekly returns over the past three years, QNB Corp. (QNBC) and Invesco QQQ Trust (QQQ) carry a correlation of -0.05, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QNBC and QQQ?
Across a 3-year window, the weekly returns of QNBC and QQQ correlate at -0.05, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.13 versus -0.05 over 3 years. Stretching to 5 years gives 0.08, with an annualized covariance of -17.7 %².
Within QNBC's tracked universe of 19 assets, QQQ comes in at #7 by 3-year correlation. Over the last 12 months QNBC came out ahead by 5.0 percentage points (+31.3% 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.
QNBC vs QQQ: side by side
| QNBC (QNB Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +31.3% | +26.3% |
| 5-year return | +50.2% | +95.4% |
| Volatility (ann.) | 17.1% | 19.6% |
| Beta vs S&P 500 | -0.03 | 1.28 |
| Max drawdown (3Y) | -12.1% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 13.4 | – |
| Dividend yield | 3.43% | 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 | QNBC | QQQ |
|---|---|---|
| 2022 | -23.3% | -32.6% |
| 2023 | +4.7% | +54.9% |
| 2024 | +37.9% | +25.6% |
| 2025 | +7.7% | +20.8% |
| 2026 | +31.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QNBC and QQQ good diversifiers for each other?
Yes. With a correlation of -0.05, QNBC and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QNBC and QQQ?
Using weekly returns as of 2026-08-27: -0.05 over 3 years, with 0.13 over the last year and 0.08 over 5 years.
Is QQQ a good diversifier for QNBC?
Yes. With a correlation of -0.05, QNBC and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.05 mean?
A reading of -0.05 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/qnbc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qnbc-vs-qqq/)
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Related comparisons
Hubs: QNBC correlations · QQQ correlations
