HD vs QQQ: Correlation
Measured on weekly returns over the past three years, Home Depot (The) (HD) and Invesco QQQ Trust (QQQ) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HD and QQQ?
On 3 years of weekly data the HD/QQQ correlation comes out at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. The 5-year figure is 0.52, and annualized covariance runs at 201.1 %².
Among the 54 assets we track against HD, QQQ ranks #37 by 3-year correlation. The last year tells two different stories: QQQ led by 43.7 percentage points, -17.4% for HD against +26.3% for QQQ. The rolling one-year correlation moved between 0.30 and 0.72 over the past three years, a moderate range.
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.
HD vs QQQ: side by side
| HD (Home Depot (The)) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -17.4% | +26.3% |
| 5-year return | +13.8% | +95.4% |
| Volatility (ann.) | 23.6% | 19.6% |
| Beta vs S&P 500 | 0.87 | 1.28 |
| Max drawdown (3Y) | -28.8% | -22.8% |
| Market cap | $327.9B | – |
| P/E (trailing) | 23.4 | – |
| Dividend yield | 1.38% | 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 | HD | QQQ |
|---|---|---|
| 2022 | -22.0% | -32.6% |
| 2023 | +12.8% | +54.9% |
| 2024 | +15.0% | +25.6% |
| 2025 | -9.3% | +20.8% |
| 2026 | -3.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HD and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HD and QQQ?
As of 2026-08-27, the correlation of weekly returns between HD and QQQ is 0.43 over 3 years, 0.35 over 1 year and 0.52 over 5 years.
Is QQQ a good diversifier for HD?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/hd-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hd-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HD correlations · QQQ correlations
