QNBC vs TKO: Correlation
QNB Corp. (QNBC) and TKO Group Holdings (TKO) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QNBC and TKO?
On 3 years of weekly data the QNBC/TKO correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.14 lands near the 3-year figure. The 5-year figure is -0.07, and annualized covariance runs at -85.2 %².
By 3-year correlation, TKO places #9 of the 19 assets tracked against QNBC. Correlation aside, the last 12 months split them widely, with QNBC ahead by 30.5 points (+31.3% versus +0.8%). Note the risk asymmetry: TKO runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TKO: side by side
| QNBC (QNB Corp.) | TKO (TKO Group Holdings) | |
|---|---|---|
| 1-year return | +31.3% | +0.8% |
| 5-year return | +50.2% | +281.8% |
| Volatility (ann.) | 17.1% | 32.1% |
| Beta vs S&P 500 | -0.03 | 0.70 |
| Max drawdown (3Y) | -12.1% | -34.8% |
| Market cap | $0.3B | $34.9B |
| P/E (trailing) | 13.4 | 65.8 |
| Dividend yield | 3.43% | 1.66% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | QNBC | TKO |
|---|---|---|
| 2022 | -23.3% | +39.9% |
| 2023 | +4.7% | +23.9% |
| 2024 | +37.9% | +74.2% |
| 2025 | +7.7% | +48.9% |
| 2026 | +31.2% | -11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QNBC and TKO good diversifiers for each other?
Yes. With a correlation of -0.16, QNBC and TKO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QNBC and TKO?
As of 2026-08-27, the correlation of weekly returns between QNBC and TKO is -0.16 over 3 years, -0.14 over 1 year and -0.07 over 5 years.
Is TKO a good diversifier for QNBC?
Yes. With a correlation of -0.16, QNBC and TKO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qnbc-vs-tko.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qnbc-vs-tko/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QNBC correlations · TKO correlations
