ADPT vs QQQ: Correlation
How closely do Adaptive Biotechnologies Corporation (ADPT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.24, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADPT and QQQ?
On 3 years of weekly data the ADPT/QQQ correlation comes out at 0.24, weak. The link has loosened recently: the 1-year correlation (-0.01) runs below the 3-year figure (0.24). The 5-year figure is 0.39, and annualized covariance runs at 321.4 %².
QQQ is close to the least connected end of ADPT's tracked universe, ranking #9 of 12. The last year tells two different stories: ADPT led by 77.6 percentage points, +103.9% for ADPT against +26.3% for QQQ. Risk is not evenly split, since ADPT carries 3.6 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.
ADPT vs QQQ: side by side
| ADPT (Adaptive Biotechnologies Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +103.9% | +26.3% |
| 5-year return | -26.1% | +95.4% |
| Volatility (ann.) | 69.8% | 19.6% |
| Beta vs S&P 500 | 1.40 | 1.28 |
| Max drawdown (3Y) | -65.8% | -22.8% |
| Market cap | $4.2B | – |
| 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 | ADPT | QQQ |
|---|---|---|
| 2022 | -72.8% | -32.6% |
| 2023 | -35.9% | +54.9% |
| 2024 | +22.3% | +25.6% |
| 2025 | +170.9% | +20.8% |
| 2026 | +62.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADPT and QQQ good diversifiers for each other?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ADPT and QQQ?
Using weekly returns as of 2026-08-27: 0.24 over 3 years, with -0.01 over the last year and 0.39 over 5 years.
Is QQQ a good diversifier for ADPT?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.24 mean?
A reading of 0.24 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
$ curl https://www.pairbook.io/api/v1/pairs/adpt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/adpt-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADPT correlations · QQQ correlations
