QQQ vs SMBC: Correlation
How closely do Invesco QQQ Trust (QQQ) and Southern Missouri Bancorp, Inc. (SMBC) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SMBC?
On 3 years of weekly data the QQQ/SMBC correlation comes out at 0.27, weak. The link has loosened recently: the 1-year correlation (-0.02) runs below the 3-year figure (0.27). The 5-year figure is 0.29, and annualized covariance runs at 155.7 %².
Among the 4755 assets we track against QQQ, SMBC ranks #1909 by 3-year correlation. Twelve-month performance is nearly a tie, at +26.3% for QQQ and +30.7% for SMBC.
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 SMBC: side by side
| QQQ (Invesco QQQ Trust) | SMBC (Southern Missouri Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +30.7% |
| 5-year return | +95.4% | +79.4% |
| Volatility (ann.) | 19.6% | 29.4% |
| Beta vs S&P 500 | 1.28 | 0.81 |
| Max drawdown (3Y) | -22.8% | -29.2% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | 11.6 |
| Dividend yield | 0.44% | 1.32% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SMBC |
|---|---|---|
| 2022 | -32.6% | -10.7% |
| 2023 | +54.9% | +18.9% |
| 2024 | +25.6% | +9.4% |
| 2025 | +20.8% | +4.8% |
| 2026 | +17.7% | +27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SMBC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SMBC?
As of 2026-08-27, the correlation of weekly returns between QQQ and SMBC is 0.27 over 3 years, -0.02 over 1 year and 0.29 over 5 years.
Is SMBC a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
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.
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Related comparisons
Hubs: QQQ correlations · SMBC correlations
