QQQ vs SSB: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and SouthState Bank Corporation (SSB) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SSB?
Across a 3-year window, the weekly returns of QQQ and SSB correlate at 0.31, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.12 versus 0.31 over 3 years. Stretching to 5 years gives 0.31, with an annualized covariance of 174.9 %².
Among the 4755 assets we track against QQQ, SSB ranks #1439 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 19.5 percentage points (+26.3% for QQQ against +6.8% for SSB).
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 SSB: side by side
| QQQ (Invesco QQQ Trust) | SSB (SouthState Bank Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +6.8% |
| 5-year return | +95.4% | +76.5% |
| Volatility (ann.) | 19.6% | 28.6% |
| Beta vs S&P 500 | 1.28 | 0.95 |
| Max drawdown (3Y) | -22.8% | -27.6% |
| Market cap | – | $10.3B |
| P/E (trailing) | – | 11.2 |
| Dividend yield | 0.44% | 2.26% |
| 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 | SSB |
|---|---|---|
| 2022 | -32.6% | -2.4% |
| 2023 | +54.9% | +13.8% |
| 2024 | +25.6% | +20.7% |
| 2025 | +20.8% | -3.1% |
| 2026 | +17.7% | +14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SSB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and SSB?
The QQQ/SSB correlation stands at 0.31 on a 3-year window (1 year: 0.12, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is SSB a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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 · SSB correlations
