ABTS vs QQQ: Correlation
Abits Group Inc (ABTS) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.07.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and QQQ?
On 3 years of weekly data the ABTS/QQQ correlation comes out at -0.07, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.03 lands near the 3-year figure. The 5-year figure is -0.02, and annualized covariance runs at -980.2 %².
Within ABTS's tracked universe of 48 assets, QQQ comes in at #10 by 3-year correlation. The last year tells two different stories: QQQ led by 90.7 percentage points, -64.4% for ABTS against +26.3% for QQQ. Risk is not evenly split, since ABTS carries 35.2 times the volatility of the other side.
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.
ABTS vs QQQ: side by side
| ABTS (Abits Group Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -64.4% | +26.3% |
| 5-year return | -81.7% | +95.4% |
| Volatility (ann.) | 689.2% | 19.6% |
| Beta vs S&P 500 | -4.02 | 1.28 |
| Max drawdown (3Y) | -92.1% | -22.8% |
| Market cap | – | – |
| 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 | ABTS | QQQ |
|---|---|---|
| 2022 | -84.2% | -32.6% |
| 2023 | +152.8% | +54.9% |
| 2024 | -39.6% | +25.6% |
| 2025 | +647.5% | +20.8% |
| 2026 | -73.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.07 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABTS and QQQ?
Using weekly returns as of 2026-08-27: -0.07 over 3 years, with 0.03 over the last year and -0.02 over 5 years.
Is QQQ a good diversifier for ABTS?
By historical standards, yes. A correlation of -0.07 means the two rarely move for the same reasons.
What does a correlation of -0.07 mean?
A reading of -0.07 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: ABTS correlations · QQQ correlations
