HCKT vs QQQ: Correlation
Measured on weekly returns over the past three years, The Hackett Group, Inc. (HCKT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.20, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCKT and QQQ?
Across a 3-year window, the weekly returns of HCKT and QQQ correlate at 0.20, weak. The past 12 months show a weaker link (0.08) than the 3-year average (0.20). Stretching to 5 years gives 0.34, with an annualized covariance of 149.1 %².
Out of 20 assets tracked against HCKT, QQQ lands near the bottom at #17. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 70.4 percentage points (-44.1% for HCKT against +26.3% for QQQ). One caveat on sizing: HCKT is 1.9 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.
HCKT vs QQQ: side by side
| HCKT (The Hackett Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -44.1% | +26.3% |
| 5-year return | -35.3% | +95.4% |
| Volatility (ann.) | 37.5% | 19.6% |
| Beta vs S&P 500 | 0.78 | 1.28 |
| Max drawdown (3Y) | -70.5% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 17.5 | – |
| Dividend yield | 4.37% | 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 | HCKT | QQQ |
|---|---|---|
| 2022 | +1.5% | -32.6% |
| 2023 | +14.1% | +54.9% |
| 2024 | +37.3% | +25.6% |
| 2025 | -34.7% | +20.8% |
| 2026 | -41.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCKT and QQQ good diversifiers for each other?
Reasonably. At 0.20, HCKT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HCKT and QQQ?
The HCKT/QQQ correlation stands at 0.20 on a 3-year window (1 year: 0.08, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for HCKT?
Reasonably. At 0.20, HCKT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.20 mean?
A reading of 0.20 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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Related comparisons
Hubs: HCKT correlations · QQQ correlations
