ABCL vs AQB: Correlation
Measured on weekly returns over the past three years, AbCellera Biologics Inc. (ABCL) and AquaBounty Technologies, Inc. (AQB) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCL and AQB?
Across a 3-year window, the weekly returns of ABCL and AQB correlate at 0.33, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.58 versus 0.33 over 3 years. Stretching to 5 years gives 0.35, with an annualized covariance of 2573.9 %².
Among the 17 assets we track against ABCL, AQB ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ABCL outperformed by 140.8 percentage points (+185.1% for ABCL against +44.3% for AQB).
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.
ABCL vs AQB: side by side
| ABCL (AbCellera Biologics Inc.) | AQB (AquaBounty Technologies, Inc.) | |
|---|---|---|
| 1-year return | +185.1% | +44.3% |
| 5-year return | -28.5% | -98.6% |
| Volatility (ann.) | 80.2% | 97.8% |
| Beta vs S&P 500 | 1.75 | 1.24 |
| Max drawdown (3Y) | -67.7% | -90.6% |
| Market cap | $4.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCL | AQB |
|---|---|---|
| 2022 | -29.2% | -63.6% |
| 2023 | -43.6% | -81.3% |
| 2024 | -48.7% | -78.0% |
| 2025 | +16.7% | +48.6% |
| 2026 | +262.6% | +40.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCL and AQB good diversifiers for each other?
Reasonably. At 0.33, ABCL and AQB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABCL and AQB?
The ABCL/AQB correlation stands at 0.33 on a 3-year window (1 year: 0.58, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is AQB a good diversifier for ABCL?
Reasonably. At 0.33, ABCL and AQB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 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/abcl-vs-aqb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abcl-vs-aqb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABCL correlations · AQB correlations
