QQQ vs SSBI: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Summit State Bank (SSBI) carry a correlation of 0.04, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SSBI?
Across a 3-year window, the weekly returns of QQQ and SSBI correlate at 0.04, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.09 over 1 year against 0.04 over 3. Stretching to 5 years gives 0.07, with an annualized covariance of 28.9 %².
Among the 4755 assets we track against QQQ, SSBI ranks #4278 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 19.5 points (+26.3% versus +6.8%). Note the risk asymmetry: SSBI runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SSBI: side by side
| QQQ (Invesco QQQ Trust) | SSBI (Summit State Bank) | |
|---|---|---|
| 1-year return | +26.3% | +6.8% |
| 5-year return | +95.4% | -2.9% |
| Volatility (ann.) | 19.6% | 37.6% |
| Beta vs S&P 500 | 1.28 | 0.24 |
| Max drawdown (3Y) | -22.8% | -60.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 39.0 |
| Dividend yield | 0.44% | 0.00% |
| 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 | SSBI |
|---|---|---|
| 2022 | -32.6% | +5.2% |
| 2023 | +54.9% | -19.6% |
| 2024 | +25.6% | -35.9% |
| 2025 | +20.8% | +52.0% |
| 2026 | +17.7% | +10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SSBI good diversifiers for each other?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and SSBI?
The QQQ/SSBI correlation stands at 0.04 on a 3-year window (1 year: 0.09, 5 years: 0.07), computed from weekly returns as of 2026-08-27.
Is SSBI a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
What does a correlation of 0.04 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 · SSBI correlations
