FBNC vs. CQQQ

Last updated Jun 5, 2026

FBNC (First Bancorp) is a stock, while CQQQ (Invesco China Technology ETF) is China Equities fund tracking the AlphaShares China Technology Index. Over the past 10 years, FBNC returned 13.97%/yr vs 5.38%/yr for CQQQ. At a 0.27 correlation, their price movements are largely independent.

Performance

FBNC vs. CQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Bancorp (FBNC) and Invesco China Technology ETF (CQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBNC achieves a 17.52% return, which is significantly higher than CQQQ's 3.52% return. Over the past 10 years, FBNC has outperformed CQQQ with an annualized return of 13.97%, while CQQQ has yielded a comparatively lower 5.38% annualized return.

FBNC

• 1D: 3.70%
• 1M: 2.70%
• YTD: 17.52%
• 6M: 16.17%
• 1Y: 47.61%
• 3Y*: 26.40%
• 5Y*: 9.12%
• 10Y*: 13.97%

CQQQ

• 1D: 1.03%
• 1M: 5.51%
• YTD: 3.52%
• 6M: 5.44%
• 1Y: 31.50%
• 3Y*: 11.27%
• 5Y*: -7.31%
• 10Y*: 5.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FBNC vs. CQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBNC First Bancorp	17.52%	17.79%	21.66%	-11.24%	-4.19%	37.67%	-12.61%	24.00%	-6.49%	31.41%
CQQQ Invesco China Technology ETF	3.52%	34.96%	9.84%	-16.71%	-30.09%	-24.54%	57.33%	33.57%	-34.77%	74.31%

Correlation

The correlation between FBNC and CQQQ is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Dec 9, 2009	0.27

The correlation between FBNC and CQQQ shifts across timeframes, from 0.09 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FBNC vs. CQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBNC

FBNC Risk / Return Rank: 82
FBNC Sharpe Ratio Rank: 85
FBNC Sortino Ratio Rank: 80
FBNC Omega Ratio Rank: 80
FBNC Calmar Ratio Rank: 82
FBNC Martin Ratio Rank: 82

CQQQ

CQQQ Risk / Return Rank: 29
CQQQ Sharpe Ratio Rank: 30
CQQQ Sortino Ratio Rank: 31
CQQQ Omega Ratio Rank: 30
CQQQ Calmar Ratio Rank: 27
CQQQ Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBNC vs. CQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Bancorp (FBNC) and Invesco China Technology ETF (CQQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FBNC	CQQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.06	+0.64
Sortino ratio: Return per unit of downside risk	2.34	1.63	+0.70
Omega ratio: Gain probability vs. loss probability	1.30	1.20	+0.11
Calmar ratio: Return relative to maximum drawdown	2.94	1.30	+1.65
Martin ratio: Return relative to average drawdown	7.31	3.04	+4.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FBNC vs. CQQQ - Sharpe Ratio Comparison

The current FBNC Sharpe Ratio is 1.71, which is higher than the CQQQ Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of FBNC and CQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FBNC	CQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	1.06	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	-0.19	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.16	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.19	+0.08

Drawdowns

FBNC vs. CQQQ - Drawdown Comparison

The maximum FBNC drawdown since its inception was -70.98%, roughly equal to the maximum CQQQ drawdown of -73.99%. Use the drawdown chart below to compare losses from any high point for FBNC and CQQQ.

Drawdown Indicators

	FBNC	CQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-70.98%	-73.99%	+3.01%
Max Drawdown (1Y) Largest decline over 1 year	-16.25%	-24.41%	+8.16%
Max Drawdown (3Y) Largest decline over 3 years	-26.02%	-35.93%	+9.91%
Max Drawdown (5Y) Largest decline over 5 years	-44.98%	-66.96%	+21.98%
Max Drawdown (10Y) Largest decline over 10 years	-54.13%	-73.99%	+19.86%
Current Drawdown Current decline from peak	-4.09%	-48.65%	+44.56%
Average Drawdown Average peak-to-trough decline	-20.68%	-28.30%	+7.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.53%	10.40%	-3.87%

Volatility

FBNC vs. CQQQ - Volatility Comparison

The current volatility for First Bancorp (FBNC) is 7.75%, while Invesco China Technology ETF (CQQQ) has a volatility of 11.62%. This indicates that FBNC experiences smaller price fluctuations and is considered to be less risky than CQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBNC	CQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.75%	11.62%	-3.87%
Volatility (6M) Calculated over the trailing 6-month period	19.41%	21.86%	-2.45%
Volatility (1Y) Calculated over the trailing 1-year period	28.05%	29.79%	-1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.86%	38.02%	-5.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.18%	33.29%	+1.89%

Dividends

FBNC vs. CQQQ - Dividend Comparison

FBNC's dividend yield for the trailing twelve months is around 1.56%, less than CQQQ's 2.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CQQQ Invesco China Technology ETF	2.09%	2.17%	0.28%	0.55%	0.08%	0.00%	0.47%	0.01%	0.43%	1.41%	1.69%	1.77%
FBNC First Bancorp	1.56%	1.79%	2.00%	2.38%	2.05%	1.75%	2.13%	1.35%	1.22%	0.91%	1.18%	1.71%

Frequently Asked Questions

Can I hold both FBNC and CQQQ in my portfolio?

FBNC and CQQQ have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBNC or CQQQ?

CQQQ has higher volatility (11.62%) compared to FBNC (7.75%). In terms of maximum drawdown, FBNC dropped -70.98% vs CQQQ's -73.99%.

Which has better risk-adjusted returns?

FBNC currently has the higher Sharpe Ratio (1.71 vs 1.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.