ABSI vs QQQ: Correlation
How closely do Absci Corporation (ABSI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABSI and QQQ?
Across a 3-year window, the weekly returns of ABSI and QQQ correlate at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 666.7 %².
Among the 12 assets we track against ABSI, QQQ sits near the bottom by co-movement, at rank #8. The last year tells two different stories: ABSI led by 243.1 percentage points, +269.4% for ABSI against +26.3% for QQQ. Note the risk asymmetry: ABSI runs 4.9 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.
ABSI vs QQQ: side by side
| ABSI (Absci Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +269.4% | +26.3% |
| 5-year return | -48.3% | +95.4% |
| Volatility (ann.) | 95.4% | 19.6% |
| Beta vs S&P 500 | 2.32 | 1.28 |
| Max drawdown (3Y) | -66.1% | -22.8% |
| Market cap | $1.6B | – |
| 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 | ABSI | QQQ |
|---|---|---|
| 2022 | -74.4% | -32.6% |
| 2023 | +100.0% | +54.9% |
| 2024 | -37.6% | +25.6% |
| 2025 | +33.2% | +20.8% |
| 2026 | +169.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABSI and QQQ good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ABSI and QQQ?
As of 2026-08-27, the correlation of weekly returns between ABSI and QQQ is 0.36 over 3 years, 0.31 over 1 year and 0.40 over 5 years.
Is QQQ a good diversifier for ABSI?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ABSI correlations · QQQ correlations
