HCTI vs QQQ: Correlation
Measured on weekly returns over the past three years, Healthcare Triangle, Inc. (HCTI) and Invesco QQQ Trust (QQQ) carry a correlation of -0.01, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCTI and QQQ?
On 3 years of weekly data the HCTI/QQQ correlation comes out at -0.01, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.30 versus -0.01 over 3 years. The 5-year figure is 0.05, and annualized covariance runs at -45.8 %².
Within HCTI's tracked universe of 15 assets, QQQ comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 125.8 points (-99.5% versus +26.3%). Risk is not evenly split, since HCTI carries 12.7 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.
HCTI vs QQQ: side by side
| HCTI (Healthcare Triangle, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -99.5% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 249.0% | 19.6% |
| Beta vs S&P 500 | 0.19 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | – | – |
| 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 | HCTI | QQQ |
|---|---|---|
| 2022 | -90.1% | -32.6% |
| 2023 | +52.5% | +54.9% |
| 2024 | -64.1% | +25.6% |
| 2025 | -99.7% | +20.8% |
| 2026 | -97.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCTI and QQQ good diversifiers for each other?
Yes: at -0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HCTI and QQQ?
As of 2026-08-27, the correlation of weekly returns between HCTI and QQQ is -0.01 over 3 years, 0.30 over 1 year and 0.05 over 5 years.
Is QQQ a good diversifier for HCTI?
Yes: at -0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.01 mean?
A reading of -0.01 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
$ curl https://www.pairbook.io/api/v1/pairs/hcti-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hcti-vs-qqq/)
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Related comparisons
Hubs: HCTI correlations · QQQ correlations
