ABX vs QQQ: Correlation
Abacus Global Management, Inc. (ABX) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.12.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABX and QQQ?
Across a 3-year window, the weekly returns of ABX and QQQ correlate at 0.12, weak. Little has changed lately, as the 1-year reading of 0.02 lands near the 3-year figure. Stretching to 5 years gives 0.08, with an annualized covariance of 122.6 %².
Out of 10 assets tracked against ABX, QQQ lands near the bottom at #7. The last year tells two different stories: ABX led by 20.3 percentage points, +46.6% for ABX against +26.3% for QQQ. Note the risk asymmetry: ABX runs 2.8 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.
ABX vs QQQ: side by side
| ABX (Abacus Global Management, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +46.6% | +26.3% |
| 5-year return | +3.8% | +95.4% |
| Volatility (ann.) | 54.5% | 19.6% |
| Beta vs S&P 500 | 0.66 | 1.28 |
| Max drawdown (3Y) | -62.8% | -22.8% |
| Market cap | $1.0B | – |
| P/E (trailing) | 36.4 | – |
| Dividend yield | 2.04% | 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 | ABX | QQQ |
|---|---|---|
| 2022 | +2.9% | -32.6% |
| 2023 | -4.9% | +54.9% |
| 2024 | -18.9% | +25.6% |
| 2025 | +12.6% | +20.8% |
| 2026 | +15.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABX and QQQ good diversifiers for each other?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ABX and QQQ?
Using weekly returns as of 2026-08-27: 0.12 over 3 years, with 0.02 over the last year and 0.08 over 5 years.
Is QQQ a good diversifier for ABX?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.12 mean?
On the −1 to +1 scale, 0.12 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
$ curl https://www.pairbook.io/api/v1/pairs/abx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/abx-vs-qqq/)
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Related comparisons
Hubs: ABX correlations · QQQ correlations
