H vs QQQ: Correlation
Hyatt Hotels Corporation (H) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are H and QQQ?
Across a 3-year window, the weekly returns of H and QQQ correlate at 0.44, moderate. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.44). Stretching to 5 years gives 0.47, with an annualized covariance of 257.7 %².
Among the 10 assets we track against H, QQQ sits near the bottom by co-movement, at rank #7. On 12-month performance QQQ holds a 6.3-point edge, +20.0% against +26.3%. One caveat on sizing: H is 1.5 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.
H vs QQQ: side by side
| H (Hyatt Hotels Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +20.0% | +26.3% |
| 5-year return | +139.1% | +95.4% |
| Volatility (ann.) | 29.7% | 19.6% |
| Beta vs S&P 500 | 1.09 | 1.28 |
| Max drawdown (3Y) | -37.3% | -22.8% |
| Market cap | $16.3B | – |
| P/E (trailing) | 216.6 | – |
| Dividend yield | 0.34% | 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 | H | QQQ |
|---|---|---|
| 2022 | -5.7% | -32.6% |
| 2023 | +44.8% | +54.9% |
| 2024 | +20.9% | +25.6% |
| 2025 | +2.6% | +20.8% |
| 2026 | +8.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are H and QQQ good diversifiers for each other?
Reasonably. At 0.44, H and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between H and QQQ?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.15 over the last year and 0.47 over 5 years.
Is QQQ a good diversifier for H?
Reasonably. At 0.44, H and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/h-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/h-vs-qqq/)
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Related comparisons
Hubs: H correlations · QQQ correlations
