ABLV vs QQQ: Correlation
Measured on weekly returns over the past three years, Able View Global Inc. - Class B (ABLV) 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 ABLV and QQQ?
Over the past 3 years, ABLV and QQQ moved with a correlation of 0.06, which is near zero, meaning they move largely independently. The past 12 months show a tighter link (0.21) than the 3-year average (0.06). Over 5 years the correlation is 0.06, and the annualized covariance of weekly returns is 148.2 %².
Among the 10 assets we track against ABLV, QQQ sits near the bottom by co-movement, at rank #6. Over the last 12 months QQQ came out ahead by 5.1 percentage points (+21.2% against +26.3%). Note the risk asymmetry: ABLV runs 6.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ABLV vs QQQ: side by side
| ABLV (Able View Global Inc. - Class B) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +21.2% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 132.4% | 19.6% |
| Beta vs S&P 500 | 0.43 | 1.28 |
| Max drawdown (3Y) | -88.1% | -22.8% |
| Market cap | $0.1B | – |
| 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 | ABLV | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -73.5% | +54.9% |
| 2024 | -72.3% | +25.6% |
| 2025 | -9.6% | +20.8% |
| 2026 | +52.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABLV and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.06 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABLV and QQQ?
The ABLV/QQQ correlation stands at 0.06 on a 3-year window (1 year: 0.21, 5 years: 0.06), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ABLV?
By historical standards, yes. A correlation of 0.06 means the two rarely move for the same reasons.
What does a correlation of 0.06 mean?
On the −1 to +1 scale, 0.06 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
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Related comparisons
Hubs: ABLV correlations · QQQ correlations
