QQQ vs SBCF: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Seacoast Banking Corporation of Florida (SBCF) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SBCF?
On 3 years of weekly data the QQQ/SBCF correlation comes out at 0.30, moderate. The link has loosened recently: the 1-year correlation (0.10) runs below the 3-year figure (0.30). The 5-year figure is 0.30, and annualized covariance runs at 184.0 %².
By 3-year correlation, SBCF places #1530 of the 4755 assets tracked against QQQ. Over the last 12 months QQQ came out ahead by 13.6 percentage points (+26.3% against +12.7%). Risk is not evenly split, since SBCF carries 1.6 times the volatility of the other side.
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.
QQQ vs SBCF: side by side
| QQQ (Invesco QQQ Trust) | SBCF (Seacoast Banking Corporation of Florida) | |
|---|---|---|
| 1-year return | +26.3% | +12.7% |
| 5-year return | +95.4% | +23.0% |
| Volatility (ann.) | 19.6% | 30.8% |
| Beta vs S&P 500 | 1.28 | 0.96 |
| Max drawdown (3Y) | -22.8% | -27.8% |
| Market cap | – | $3.3B |
| P/E (trailing) | – | 22.3 |
| Dividend yield | 0.44% | 2.18% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
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 | QQQ | SBCF |
|---|---|---|
| 2022 | -32.6% | -10.1% |
| 2023 | +54.9% | -6.0% |
| 2024 | +25.6% | -0.5% |
| 2025 | +20.8% | +17.1% |
| 2026 | +17.7% | +10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SBCF good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and SBCF?
As of 2026-08-27, the correlation of weekly returns between QQQ and SBCF is 0.30 over 3 years, 0.10 over 1 year and 0.30 over 5 years.
Is SBCF a good diversifier for QQQ?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-sbcf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-sbcf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · SBCF correlations
