ABCL vs QQQ: Correlation
How closely do AbCellera Biologics Inc. (ABCL) and Invesco QQQ Trust (QQQ) 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 ABCL and QQQ?
Across a 3-year window, the weekly returns of ABCL and QQQ correlate at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Stretching to 5 years gives 0.34, with an annualized covariance of 479.5 %².
Out of 17 assets tracked against ABCL, QQQ lands near the bottom at #13. Their recent paths diverged sharply: over the last 12 months ABCL outperformed by 158.8 percentage points (+185.1% for ABCL against +26.3% for QQQ). Risk is not evenly split, since ABCL carries 4.1 times the volatility of the other side.
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 QQQ: side by side
| ABCL (AbCellera Biologics Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +185.1% | +26.3% |
| 5-year return | -28.5% | +95.4% |
| Volatility (ann.) | 80.2% | 19.6% |
| Beta vs S&P 500 | 1.75 | 1.28 |
| Max drawdown (3Y) | -67.7% | -22.8% |
| Market cap | $4.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | 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 | ABCL | QQQ |
|---|---|---|
| 2022 | -29.2% | -32.6% |
| 2023 | -43.6% | +54.9% |
| 2024 | -48.7% | +25.6% |
| 2025 | +16.7% | +20.8% |
| 2026 | +262.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCL and QQQ 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 ABCL and QQQ?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.34 over the last year and 0.34 over 5 years.
Is QQQ a good diversifier for ABCL?
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?
On the −1 to +1 scale, 0.31 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abcl-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abcl-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABCL correlations · QQQ correlations
