HCI vs QQQ: Correlation
HCI Group, Inc. (HCI) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCI and QQQ?
Across a 3-year window, the weekly returns of HCI and QQQ correlate at 0.16, weak. The relationship has been stable: the 1-year correlation (0.19) sits close to the 3-year figure. Stretching to 5 years gives 0.17, with an annualized covariance of 112.3 %².
Out of 10 assets tracked against HCI, QQQ lands near the bottom at #7. Over the last 12 months QQQ came out ahead by 11.1 percentage points (+15.2% against +26.3%). Risk is not evenly split, since HCI carries 1.8 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.
HCI vs QQQ: side by side
| HCI (HCI Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +15.2% | +26.3% |
| 5-year return | +86.4% | +95.4% |
| Volatility (ann.) | 35.9% | 19.6% |
| Beta vs S&P 500 | 0.62 | 1.28 |
| Max drawdown (3Y) | -28.3% | -22.8% |
| Market cap | $2.3B | – |
| P/E (trailing) | 8.1 | – |
| Dividend yield | 0.86% | 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 | HCI | QQQ |
|---|---|---|
| 2022 | -51.2% | -32.6% |
| 2023 | +126.8% | +54.9% |
| 2024 | +35.5% | +25.6% |
| 2025 | +66.3% | +20.8% |
| 2026 | -1.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCI and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between HCI and QQQ?
As of 2026-08-27, the correlation of weekly returns between HCI and QQQ is 0.16 over 3 years, 0.19 over 1 year and 0.17 over 5 years.
Is QQQ a good diversifier for HCI?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
What does a correlation of 0.16 mean?
A reading of 0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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[](https://www.pairbook.io/pair/hci-vs-qqq/)
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Related comparisons
Hubs: HCI correlations · QQQ correlations
