HAS vs QQQ: Correlation
Hasbro (HAS) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAS and QQQ?
Over the past 3 years, HAS and QQQ moved with a correlation of 0.31, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.31 over 3 years. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 194.0 %².
Among the 36 assets we track against HAS, QQQ ranks #24 by 3-year correlation. On 12-month performance QQQ holds a 7.1-point edge, +19.2% against +26.3%. Across three years, the rolling one-year figure varied moderately, from 0.09 to 0.52. One caveat on sizing: HAS is 1.6 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.
HAS vs QQQ: side by side
| HAS (Hasbro) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +19.2% | +26.3% |
| 5-year return | +17.1% | +95.4% |
| Volatility (ann.) | 31.7% | 19.6% |
| Beta vs S&P 500 | 0.86 | 1.28 |
| Max drawdown (3Y) | -40.3% | -22.8% |
| Market cap | $13.3B | – |
| P/E (trailing) | 17.1 | – |
| Dividend yield | 2.91% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Discretionary | 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 | HAS | QQQ |
|---|---|---|
| 2022 | -37.9% | -32.6% |
| 2023 | -11.9% | +54.9% |
| 2024 | +14.8% | +25.6% |
| 2025 | +52.5% | +20.8% |
| 2026 | +17.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAS and QQQ good diversifiers for each other?
Reasonably. At 0.31, HAS and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HAS and QQQ?
As of 2026-08-27, the correlation of weekly returns between HAS and QQQ is 0.31 over 3 years, 0.11 over 1 year and 0.38 over 5 years.
Is QQQ a good diversifier for HAS?
Reasonably. At 0.31, HAS and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HAS correlations · QQQ correlations
