ASBP vs QQQ: Correlation
Measured on weekly returns over the past three years, Aspire Biopharma Holdings, Inc. (ASBP) and Invesco QQQ Trust (QQQ) carry a correlation of -0.01, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASBP and QQQ?
Across a 3-year window, the weekly returns of ASBP and QQQ correlate at -0.01, near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.04 over 1 year against -0.01 over 3. Stretching to 5 years gives -0.01, with an annualized covariance of -475.6 %².
Within ASBP's tracked universe of 70 assets, QQQ comes in at #20 by 3-year correlation. The last year tells two different stories: QQQ led by 87.6 percentage points, -61.3% for ASBP against +26.3% for QQQ. One caveat on sizing: ASBP is 86.7 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.
ASBP vs QQQ: side by side
| ASBP (Aspire Biopharma Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -61.3% | +26.3% |
| 5-year return | -97.9% | +95.4% |
| Volatility (ann.) | 1699.4% | 19.6% |
| Beta vs S&P 500 | 0.59 | 1.28 |
| Max drawdown (3Y) | -100.0% | -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 | ASBP | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +5.7% | +54.9% |
| 2024 | +5.6% | +25.6% |
| 2025 | -98.9% | +20.8% |
| 2026 | +56.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASBP and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.01 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASBP and QQQ?
Using weekly returns as of 2026-08-27: -0.01 over 3 years, with -0.04 over the last year and -0.01 over 5 years.
Is QQQ a good diversifier for ASBP?
By historical standards, yes. A correlation of -0.01 means the two rarely move for the same reasons.
What does a correlation of -0.01 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
$ curl https://www.pairbook.io/api/v1/pairs/asbp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asbp-vs-qqq/)
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Related comparisons
Hubs: ASBP correlations · QQQ correlations
