ABUS vs QQQ: Correlation
Measured on weekly returns over the past three years, Arbutus Biopharma Corporation (ABUS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.11, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABUS and QQQ?
Over the past 3 years, ABUS and QQQ moved with a correlation of 0.11, which is weak. Lately the two have moved closer together, with the 1-year correlation at 0.32 versus 0.11 over 3 years. Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 93.0 %².
QQQ is close to the least connected end of ABUS's tracked universe, ranking #8 of 11. Correlation aside, the last 12 months split them widely, with ABUS ahead by 15.3 points (+41.6% versus +26.3%). One caveat on sizing: ABUS is 2.1 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.
ABUS vs QQQ: side by side
| ABUS (Arbutus Biopharma Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +41.6% | +26.3% |
| 5-year return | +53.0% | +95.4% |
| Volatility (ann.) | 41.5% | 19.6% |
| Beta vs S&P 500 | 0.46 | 1.28 |
| Max drawdown (3Y) | -36.8% | -22.8% |
| Market cap | $1.0B | – |
| P/E (trailing) | 6.5 | – |
| 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 | ABUS | QQQ |
|---|---|---|
| 2022 | -40.1% | -32.6% |
| 2023 | +7.3% | +54.9% |
| 2024 | +30.8% | +25.6% |
| 2025 | +47.1% | +20.8% |
| 2026 | +7.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABUS and QQQ good diversifiers for each other?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABUS and QQQ?
The ABUS/QQQ correlation stands at 0.11 on a 3-year window (1 year: 0.32, 5 years: 0.15), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ABUS?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.11 mean?
A reading of 0.11 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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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abus-vs-qqq/)
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Related comparisons
Hubs: ABUS correlations · QQQ correlations
