FABC vs QQQ: Correlation
Fabric.AI, Inc. (FABC) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FABC and QQQ?
Over the past 3 years, FABC and QQQ moved with a correlation of 0.29, which is weak. The link has tightened recently: the 1-year correlation (0.55) runs above the 3-year figure (0.29). Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 512.1 %².
Out of 10 assets tracked against FABC, QQQ lands near the bottom at #6. The last year tells two different stories: QQQ led by 79.0 percentage points, -52.7% for FABC against +26.3% for QQQ. Note the risk asymmetry: FABC runs 4.7 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.
FABC vs QQQ: side by side
| FABC (Fabric.AI, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -52.7% | +26.3% |
| 5-year return | -99.5% | +95.4% |
| Volatility (ann.) | 91.5% | 19.6% |
| Beta vs S&P 500 | 1.87 | 1.28 |
| Max drawdown (3Y) | -97.7% | -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 | FABC | QQQ |
|---|---|---|
| 2022 | -76.4% | -32.6% |
| 2023 | -42.1% | +54.9% |
| 2024 | -61.4% | +25.6% |
| 2025 | -77.5% | +20.8% |
| 2026 | +13.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FABC and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FABC and QQQ?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.55 over the last year and 0.35 over 5 years.
Is QQQ a good diversifier for FABC?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 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/fabc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fabc-vs-qqq/)
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Related comparisons
Hubs: FABC correlations · QQQ correlations
