QQQ vs SMBK: Correlation
How closely do Invesco QQQ Trust (QQQ) and SmartFinancial, Inc. (SMBK) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SMBK?
On 3 years of weekly data the QQQ/SMBK correlation comes out at 0.28, weak. Lately the two have drifted apart, with the 1-year correlation at -0.01 versus 0.28 over 3 years. The 5-year figure is 0.29, and annualized covariance runs at 156.6 %².
Within QQQ's tracked universe of 4755 assets, SMBK comes in at #1773 by 3-year correlation. The trailing year gives SMBK the advantage: +26.3% versus +37.6%, a 11.3-point spread.
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 SMBK: side by side
| QQQ (Invesco QQQ Trust) | SMBK (SmartFinancial, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +37.6% |
| 5-year return | +95.4% | +113.7% |
| Volatility (ann.) | 19.6% | 28.9% |
| Beta vs S&P 500 | 1.28 | 0.84 |
| Max drawdown (3Y) | -22.8% | -26.4% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | 14.9 |
| Dividend yield | 0.44% | 0.65% |
| 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 | SMBK |
|---|---|---|
| 2022 | -32.6% | +1.6% |
| 2023 | +54.9% | -9.7% |
| 2024 | +25.6% | +28.1% |
| 2025 | +20.8% | +20.5% |
| 2026 | +17.7% | +37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SMBK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SMBK?
As of 2026-08-27, the correlation of weekly returns between QQQ and SMBK is 0.28 over 3 years, -0.01 over 1 year and 0.29 over 5 years.
Is SMBK a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 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.
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Related comparisons
Hubs: QQQ correlations · SMBK correlations
