HAPN vs QQQ: Correlation
How closely do Happen, Inc. (HAPN) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAPN and QQQ?
Across a 3-year window, the weekly returns of HAPN and QQQ correlate at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 383.9 %².
Among the 15 assets we track against HAPN, QQQ sits near the bottom by co-movement, at rank #11. The last year tells two different stories: QQQ led by 16.6 percentage points, +9.7% for HAPN against +26.3% for QQQ. One caveat on sizing: HAPN is 2.6 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.
HAPN vs QQQ: side by side
| HAPN (Happen, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +9.7% | +26.3% |
| 5-year return | -35.2% | +95.4% |
| Volatility (ann.) | 51.5% | 19.6% |
| Beta vs S&P 500 | 1.56 | 1.28 |
| Max drawdown (3Y) | -52.2% | -22.8% |
| Market cap | $2.1B | – |
| P/E (trailing) | 11.0 | – |
| 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 | HAPN | QQQ |
|---|---|---|
| 2022 | -63.6% | -32.6% |
| 2023 | -0.7% | +54.9% |
| 2024 | +85.2% | +25.6% |
| 2025 | +17.0% | +20.8% |
| 2026 | -2.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAPN and QQQ good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HAPN and QQQ?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.43 over the last year and 0.49 over 5 years.
Is QQQ a good diversifier for HAPN?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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.
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Related comparisons
Hubs: HAPN correlations · QQQ correlations
