ASMB vs QQQ: Correlation
Measured on weekly returns over the past three years, Assembly Biosciences, Inc. (ASMB) and Invesco QQQ Trust (QQQ) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASMB and QQQ?
Across a 3-year window, the weekly returns of ASMB and QQQ correlate at 0.22, weak. Recent behaviour matches the longer record: 0.13 over 1 year against 0.22 over 3. Stretching to 5 years gives 0.27, with an annualized covariance of 268.8 %².
QQQ is close to the least connected end of ASMB's tracked universe, ranking #7 of 11. The trailing year gives ASMB the advantage: +34.4% versus +26.3%, a 8.1-point spread. Risk is not evenly split, since ASMB carries 3.2 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.
ASMB vs QQQ: side by side
| ASMB (Assembly Biosciences, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +34.4% | +26.3% |
| 5-year return | -21.2% | +95.4% |
| Volatility (ann.) | 61.8% | 19.6% |
| Beta vs S&P 500 | 1.09 | 1.28 |
| Max drawdown (3Y) | -57.5% | -22.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | 28.5 | – |
| 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 | ASMB | QQQ |
|---|---|---|
| 2022 | -44.2% | -32.6% |
| 2023 | -36.9% | +54.9% |
| 2024 | +60.4% | +25.6% |
| 2025 | +115.5% | +20.8% |
| 2026 | +2.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASMB and QQQ good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ASMB and QQQ?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with 0.13 over the last year and 0.27 over 5 years.
Is QQQ a good diversifier for ASMB?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 mean?
A reading of 0.22 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/asmb-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asmb-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASMB correlations · QQQ correlations
