ABBV vs QQQ: Correlation
Measured on weekly returns over the past three years, AbbVie (ABBV) and Invesco QQQ Trust (QQQ) carry a correlation of -0.06, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABBV and QQQ?
Over the past 3 years, ABBV and QQQ moved with a correlation of -0.06, which is near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.06). Over 5 years the correlation is 0.07, and the annualized covariance of weekly returns is -31.7 %².
Within ABBV's tracked universe of 34 assets, QQQ comes in at #22 by 3-year correlation. Twelve-month performance is nearly a tie, at +27.9% for ABBV and +26.3% for QQQ. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.37 to 0.23.
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.
ABBV vs QQQ: side by side
| ABBV (AbbVie) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +27.9% | +26.3% |
| 5-year return | +157.2% | +95.4% |
| Volatility (ann.) | 26.4% | 19.6% |
| Beta vs S&P 500 | 0.08 | 1.28 |
| Max drawdown (3Y) | -20.7% | -22.8% |
| Market cap | $456.2B | – |
| P/E (trailing) | 74.0 | – |
| Dividend yield | 2.60% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Health Care | ETF · US Growth & Tech |
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 | ABBV | QQQ |
|---|---|---|
| 2022 | +24.0% | -32.6% |
| 2023 | -0.2% | +54.9% |
| 2024 | +18.9% | +25.6% |
| 2025 | +33.1% | +20.8% |
| 2026 | +15.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABBV and QQQ good diversifiers for each other?
Yes. With a correlation of -0.06, ABBV and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ABBV and QQQ?
The ABBV/QQQ correlation stands at -0.06 on a 3-year window (1 year: -0.39, 5 years: 0.07), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ABBV?
Yes. With a correlation of -0.06, ABBV and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.06 mean?
A reading of -0.06 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/abbv-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abbv-vs-qqq/)
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Related comparisons
Hubs: ABBV correlations · QQQ correlations
