QQQ vs UMBF: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and UMB Financial Corporation (UMBF) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and UMBF?
Over the past 3 years, QQQ and UMBF moved with a correlation of 0.38, which is moderate. The past 12 months show a weaker link (0.17) than the 3-year average (0.38). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 208.9 %².
Among the 4755 assets we track against QQQ, UMBF ranks #802 by 3-year correlation. On 12-month performance QQQ holds a 7.1-point edge, +26.3% against +19.2%.
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 UMBF: side by side
| QQQ (Invesco QQQ Trust) | UMBF (UMB Financial Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +19.2% |
| 5-year return | +95.4% | +73.4% |
| Volatility (ann.) | 19.6% | 28.4% |
| Beta vs S&P 500 | 1.28 | 1.01 |
| Max drawdown (3Y) | -22.8% | -31.8% |
| Market cap | – | $11.0B |
| P/E (trailing) | – | 11.9 |
| Dividend yield | 0.44% | 1.18% |
| 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 | UMBF |
|---|---|---|
| 2022 | -32.6% | -20.0% |
| 2023 | +54.9% | +2.2% |
| 2024 | +25.6% | +37.3% |
| 2025 | +20.8% | +3.4% |
| 2026 | +17.7% | +26.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and UMBF good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and UMBF?
The QQQ/UMBF correlation stands at 0.38 on a 3-year window (1 year: 0.17, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is UMBF a good diversifier for QQQ?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-umbf.json
Markdown for the live badge, attribution link included:
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Related comparisons
Hubs: QQQ correlations · UMBF correlations
