QQQ vs SFBS: Correlation
Invesco QQQ Trust (QQQ) and ServisFirst Bancshares, Inc. (SFBS) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SFBS?
On 3 years of weekly data the QQQ/SFBS correlation comes out at 0.27, weak. The link has loosened recently: the 1-year correlation (0.01) runs below the 3-year figure (0.27). The 5-year figure is 0.24, and annualized covariance runs at 179.7 %².
Within QQQ's tracked universe of 4755 assets, SFBS comes in at #1904 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 27.1 points (+26.3% versus -0.8%). Risk is not evenly split, since SFBS carries 1.7 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 SFBS: side by side
| QQQ (Invesco QQQ Trust) | SFBS (ServisFirst Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -0.8% |
| 5-year return | +95.4% | +29.4% |
| Volatility (ann.) | 19.6% | 34.1% |
| Beta vs S&P 500 | 1.28 | 0.96 |
| Max drawdown (3Y) | -22.8% | -30.4% |
| Market cap | – | $4.7B |
| P/E (trailing) | – | 14.7 |
| Dividend yield | 0.44% | 1.70% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SFBS |
|---|---|---|
| 2022 | -32.6% | -17.9% |
| 2023 | +54.9% | -1.2% |
| 2024 | +25.6% | +28.8% |
| 2025 | +20.8% | -13.9% |
| 2026 | +17.7% | +22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SFBS good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and SFBS?
As of 2026-08-27, the correlation of weekly returns between QQQ and SFBS is 0.27 over 3 years, 0.01 over 1 year and 0.24 over 5 years.
Is SFBS a good diversifier for QQQ?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 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-sfbs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-sfbs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · SFBS correlations
