ABTC vs QQQM: Correlation
How closely do American Bitcoin Corp. (ABTC) and Invesco Nasdaq 100 ETF (QQQM) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTC and QQQM?
On 3 years of weekly data the ABTC/QQQM correlation comes out at 0.39, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.39 over 3. The 5-year figure is 0.34, and annualized covariance runs at 1240.5 %².
Within ABTC's tracked universe of 13 assets, QQQM comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQM outperformed by 116.7 percentage points (-90.3% for ABTC against +26.4% for QQQM). One caveat on sizing: ABTC is 8.4 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.
ABTC vs QQQM: side by side
| ABTC (American Bitcoin Corp.) | QQQM (Invesco Nasdaq 100 ETF) | |
|---|---|---|
| 1-year return | -90.3% | +26.4% |
| 5-year return | -100.0% | +96.1% |
| Volatility (ann.) | 163.6% | 19.5% |
| Beta vs S&P 500 | 4.24 | 1.28 |
| Max drawdown (3Y) | -99.3% | -22.7% |
| Market cap | $1.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.46% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $97.1B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQM is a Large Growth fund from Invesco: $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% trailing dividend yield.
Year-by-year returns
| Year | ABTC | QQQM |
|---|---|---|
| 2022 | -98.0% | -32.5% |
| 2023 | -37.0% | +55.0% |
| 2024 | -95.4% | +25.7% |
| 2025 | -15.2% | +20.9% |
| 2026 | -65.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTC and QQQM good diversifiers for each other?
Reasonably. At 0.39, ABTC and QQQM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ABTC and QQQM?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.42 over the last year and 0.34 over 5 years.
Is QQQM a good diversifier for ABTC?
Reasonably. At 0.39, ABTC and QQQM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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.
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Related comparisons
Hubs: ABTC correlations · QQQM correlations
