ADBE vs QQQ: Correlation
How closely do Adobe Inc. (ADBE) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADBE and QQQ?
Across a 3-year window, the weekly returns of ADBE and QQQ correlate at 0.40, moderate. The link has loosened recently: the 1-year correlation (0.16) runs below the 3-year figure (0.40). Stretching to 5 years gives 0.60, with an annualized covariance of 275.9 %².
Within ADBE's tracked universe of 32 assets, QQQ comes in at #21 by 3-year correlation. The last year tells two different stories: QQQ led by 45.2 percentage points, -18.9% for ADBE against +26.3% for QQQ. The relationship is regime-dependent: the rolling one-year correlation swung between 0.17 and 0.81 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since ADBE carries 1.8 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.
ADBE vs QQQ: side by side
| ADBE (Adobe Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -18.9% | +26.3% |
| 5-year return | -56.6% | +95.4% |
| Volatility (ann.) | 35.1% | 19.6% |
| Beta vs S&P 500 | 1.04 | 1.28 |
| Max drawdown (3Y) | -69.5% | -22.8% |
| Market cap | $114.9B | – |
| P/E (trailing) | 15.6 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | 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 | ADBE | QQQ |
|---|---|---|
| 2022 | -40.7% | -32.6% |
| 2023 | +77.3% | +54.9% |
| 2024 | -25.5% | +25.6% |
| 2025 | -21.3% | +20.8% |
| 2026 | -17.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
ADBE represents 0.49% of QQQ's portfolio, so part of any move in QQQ is ADBE itself, and the correlation between them is partly mechanical.
Are ADBE and QQQ good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ADBE and QQQ?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.16 over the last year and 0.60 over 5 years.
Is QQQ a good diversifier for ADBE?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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[](https://www.pairbook.io/pair/adbe-vs-qqq/)
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Related comparisons
Hubs: ADBE correlations · QQQ correlations
