ABEO vs QQQ: Correlation
Abeona Therapeutics Inc. (ABEO) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABEO and QQQ?
Over the past 3 years, ABEO and QQQ moved with a correlation of 0.22, which is weak. The link has tightened recently: the 1-year correlation (0.42) runs above the 3-year figure (0.22). Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 304.4 %².
QQQ is close to the least connected end of ABEO's tracked universe, ranking #7 of 10. The last year tells two different stories: QQQ led by 38.8 percentage points, -12.5% for ABEO against +26.3% for QQQ. One caveat on sizing: ABEO is 3.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ABEO vs QQQ: side by side
| ABEO (Abeona Therapeutics Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -12.5% | +26.3% |
| 5-year return | -81.1% | +95.4% |
| Volatility (ann.) | 70.8% | 19.6% |
| Beta vs S&P 500 | 1.33 | 1.28 |
| Max drawdown (3Y) | -63.5% | -22.8% |
| Market cap | $0.3B | – |
| 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 | ABEO | QQQ |
|---|---|---|
| 2022 | -63.8% | -32.6% |
| 2023 | +62.7% | +54.9% |
| 2024 | +11.2% | +25.6% |
| 2025 | -5.4% | +20.8% |
| 2026 | +14.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABEO and QQQ good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ABEO and QQQ?
As of 2026-08-27, the correlation of weekly returns between ABEO and QQQ is 0.22 over 3 years, 0.42 over 1 year and 0.25 over 5 years.
Is QQQ a good diversifier for ABEO?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abeo-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abeo-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABEO correlations · QQQ correlations
