ABT vs QQQ: Correlation
How closely do Abbott Laboratories (ABT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.03, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABT and QQQ?
On 3 years of weekly data the ABT/QQQ correlation comes out at -0.03, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.03). The 5-year figure is 0.21, and annualized covariance runs at -13.6 %².
Within ABT's tracked universe of 29 assets, QQQ comes in at #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 39.5 points (-13.2% versus +26.3%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.38 and 0.35 over the past three years, so this pair behaves very differently depending on the market environment.
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.
ABT vs QQQ: side by side
| ABT (Abbott Laboratories) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -13.2% | +26.3% |
| 5-year return | -2.3% | +95.4% |
| Volatility (ann.) | 22.0% | 19.6% |
| Beta vs S&P 500 | 0.16 | 1.28 |
| Max drawdown (3Y) | -39.6% | -22.8% |
| Market cap | $193.1B | – |
| P/E (trailing) | 37.0 | – |
| Dividend yield | 2.17% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Health Care | 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 | ABT | QQQ |
|---|---|---|
| 2022 | -20.7% | -32.6% |
| 2023 | +2.3% | +54.9% |
| 2024 | +4.8% | +25.6% |
| 2025 | +12.9% | +20.8% |
| 2026 | -9.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABT and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.03 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABT and QQQ?
The ABT/QQQ correlation stands at -0.03 on a 3-year window (1 year: -0.39, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ABT?
By historical standards, yes. A correlation of -0.03 means the two rarely move for the same reasons.
What does a correlation of -0.03 mean?
On the −1 to +1 scale, -0.03 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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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abt-vs-qqq/)
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Related comparisons
Hubs: ABT correlations · QQQ correlations
