FBLG vs QQQ: Correlation
Measured on weekly returns over the past three years, FibroBiologics, Inc. (FBLG) 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 FBLG and QQQ?
Over the past 3 years, FBLG and QQQ moved with a correlation of -0.01, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.01) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -22.6 %².
Within FBLG's tracked universe of 15 assets, QQQ comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 113.9 points (-87.6% versus +26.3%). Risk is not evenly split, since FBLG carries 7.7 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.
FBLG vs QQQ: side by side
| FBLG (FibroBiologics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -87.6% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 150.1% | 19.6% |
| Beta vs S&P 500 | 0.40 | 1.28 |
| Max drawdown (3Y) | -99.9% | -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 | FBLG | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | -88.8% | +20.8% |
| 2026 | -66.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBLG and QQQ good diversifiers for each other?
Yes: at -0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between FBLG and QQQ?
Using weekly returns as of 2026-08-27: -0.01 over 3 years, with -0.01 over the last year and n/a over 5 years.
Is QQQ a good diversifier for FBLG?
Yes: at -0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.01 mean?
A reading of -0.01 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/fblg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fblg-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FBLG correlations · QQQ correlations
