HAIN vs QQQ: Correlation
Measured on weekly returns over the past three years, The Hain Celestial Group, Inc. (HAIN) and Invesco QQQ Trust (QQQ) carry a correlation of 0.08, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAIN and QQQ?
Over the past 3 years, HAIN and QQQ moved with a correlation of 0.08, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.15) sits close to the 3-year figure. Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 126.9 %².
Out of 10 assets tracked against HAIN, QQQ lands near the bottom at #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 87.1 points (-60.8% versus +26.3%). One caveat on sizing: HAIN is 4.0 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.
HAIN vs QQQ: side by side
| HAIN (The Hain Celestial Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -60.8% | +26.3% |
| 5-year return | -98.1% | +95.4% |
| Volatility (ann.) | 78.5% | 19.6% |
| Beta vs S&P 500 | 0.87 | 1.28 |
| Max drawdown (3Y) | -95.9% | -22.8% |
| Market cap | $0.1B | – |
| 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 | HAIN | QQQ |
|---|---|---|
| 2022 | -62.0% | -32.6% |
| 2023 | -32.3% | +54.9% |
| 2024 | -43.8% | +25.6% |
| 2025 | -82.6% | +20.8% |
| 2026 | -33.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAIN and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
FAQ
What is the correlation between HAIN and QQQ?
As of 2026-08-27, the correlation of weekly returns between HAIN and QQQ is 0.08 over 3 years, 0.15 over 1 year and 0.16 over 5 years.
Is QQQ a good diversifier for HAIN?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
What does a correlation of 0.08 mean?
On the −1 to +1 scale, 0.08 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
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Related comparisons
Hubs: HAIN correlations · QQQ correlations
