ABM vs QQQ: Correlation
ABM Industries Incorporated (ABM) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABM and QQQ?
On 3 years of weekly data the ABM/QQQ correlation comes out at 0.28, weak. Lately the two have drifted apart, with the 1-year correlation at -0.01 versus 0.28 over 3 years. The 5-year figure is 0.36, and annualized covariance runs at 156.2 %².
QQQ is close to the least connected end of ABM's tracked universe, ranking #9 of 12. The last year tells two different stories: QQQ led by 28.8 percentage points, -2.5% for ABM against +26.3% for QQQ.
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.
ABM vs QQQ: side by side
| ABM (ABM Industries Incorporated) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -2.5% | +26.3% |
| 5-year return | +6.5% | +95.4% |
| Volatility (ann.) | 28.9% | 19.6% |
| Beta vs S&P 500 | 0.79 | 1.28 |
| Max drawdown (3Y) | -34.4% | -22.8% |
| Market cap | $2.8B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 2.32% | 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 | ABM | QQQ |
|---|---|---|
| 2022 | +10.7% | -32.6% |
| 2023 | +3.0% | +54.9% |
| 2024 | +16.4% | +25.6% |
| 2025 | -15.5% | +20.8% |
| 2026 | +13.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABM and QQQ good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ABM and QQQ?
As of 2026-08-27, the correlation of weekly returns between ABM and QQQ is 0.28 over 3 years, -0.01 over 1 year and 0.36 over 5 years.
Is QQQ a good diversifier for ABM?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 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/abm-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abm-vs-qqq/)
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Related comparisons
Hubs: ABM correlations · QQQ correlations
