QQQ vs SYBT: Correlation
How closely do Invesco QQQ Trust (QQQ) and Stock Yards Bancorp, Inc. (SYBT) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SYBT?
Over the past 3 years, QQQ and SYBT moved with a correlation of 0.31, which is moderate. The link has loosened recently: the 1-year correlation (0.03) runs below the 3-year figure (0.31). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 181.9 %².
Among the 4755 assets we track against QQQ, SYBT ranks #1441 by 3-year correlation. The last year tells two different stories: QQQ led by 27.4 percentage points, +26.3% for QQQ against -1.1% for SYBT. Note the risk asymmetry: SYBT runs 1.5 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 SYBT: side by side
| QQQ (Invesco QQQ Trust) | SYBT (Stock Yards Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -1.1% |
| 5-year return | +95.4% | +73.4% |
| Volatility (ann.) | 19.6% | 29.9% |
| Beta vs S&P 500 | 1.28 | 0.94 |
| Max drawdown (3Y) | -22.8% | -24.2% |
| Market cap | – | $2.5B |
| P/E (trailing) | – | 16.0 |
| Dividend yield | 0.44% | 1.60% |
| 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 | SYBT |
|---|---|---|
| 2022 | -32.6% | +3.6% |
| 2023 | +54.9% | -18.8% |
| 2024 | +25.6% | +42.2% |
| 2025 | +20.8% | -7.7% |
| 2026 | +17.7% | +23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SYBT 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 SYBT?
As of 2026-08-27, the correlation of weekly returns between QQQ and SYBT is 0.31 over 3 years, 0.03 over 1 year and 0.32 over 5 years.
Is SYBT 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?
A reading of 0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · SYBT correlations
