QQQ vs SABS: Correlation
Invesco QQQ Trust (QQQ) and SAB Biotherapeutics, Inc. (SABS) show a weak relationship: their 3-year correlation of weekly returns is 0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SABS?
On 3 years of weekly data the QQQ/SABS correlation comes out at 0.13, weak. Recent behaviour matches the longer record: 0.22 over 1 year against 0.13 over 3. The 5-year figure is 0.22, and annualized covariance runs at 223.5 %².
Within QQQ's tracked universe of 4755 assets, SABS comes in at #3581 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SABS outperformed by 59.1 percentage points (+26.3% for QQQ against +85.4% for SABS). Risk is not evenly split, since SABS carries 4.4 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.
QQQ vs SABS: side by side
| QQQ (Invesco QQQ Trust) | SABS (SAB Biotherapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +85.4% |
| 5-year return | +95.4% | -96.1% |
| Volatility (ann.) | 19.6% | 86.9% |
| Beta vs S&P 500 | 1.28 | 0.67 |
| Max drawdown (3Y) | -22.8% | -89.0% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 16.4 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
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 | QQQ | SABS |
|---|---|---|
| 2022 | -32.6% | -92.4% |
| 2023 | +54.9% | +16.6% |
| 2024 | +25.6% | -44.9% |
| 2025 | +20.8% | -1.4% |
| 2026 | +17.7% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SABS good diversifiers for each other?
Yes. With a correlation of 0.13, QQQ and SABS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and SABS?
As of 2026-08-27, the correlation of weekly returns between QQQ and SABS is 0.13 over 3 years, 0.22 over 1 year and 0.22 over 5 years.
Is SABS a good diversifier for QQQ?
Yes. With a correlation of 0.13, QQQ and SABS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.13 mean?
On the −1 to +1 scale, 0.13 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-sabs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-sabs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · SABS correlations
