HFBL vs QQQ: Correlation
Home Federal Bancorp, Inc. of Louisiana (HFBL) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.05.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HFBL and QQQ?
Across a 3-year window, the weekly returns of HFBL and QQQ correlate at 0.05, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.04 over 1 year against 0.05 over 3. Stretching to 5 years gives 0.05, with an annualized covariance of 28.4 %².
By 3-year correlation, QQQ places #7 of the 12 assets tracked against HFBL. Their recent paths diverged sharply: over the last 12 months HFBL outperformed by 75.7 percentage points (+102.0% for HFBL against +26.3% for QQQ). Risk is not evenly split, since HFBL carries 1.6 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.
HFBL vs QQQ: side by side
| HFBL (Home Federal Bancorp, Inc. of Louisiana) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +102.0% | +26.3% |
| 5-year return | +67.8% | +95.4% |
| Volatility (ann.) | 30.5% | 19.6% |
| Beta vs S&P 500 | 0.12 | 1.28 |
| Max drawdown (3Y) | -28.6% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 12.6 | – |
| Dividend yield | 2.06% | 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 | HFBL | QQQ |
|---|---|---|
| 2022 | -14.2% | -32.6% |
| 2023 | -13.5% | +54.9% |
| 2024 | -8.9% | +25.6% |
| 2025 | +49.2% | +20.8% |
| 2026 | +44.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HFBL and QQQ good diversifiers for each other?
Yes. With a correlation of 0.05, HFBL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HFBL and QQQ?
The HFBL/QQQ correlation stands at 0.05 on a 3-year window (1 year: 0.04, 5 years: 0.05), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for HFBL?
Yes. With a correlation of 0.05, HFBL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.05 mean?
A reading of 0.05 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/hfbl-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hfbl-vs-qqq/)
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Related comparisons
Hubs: HFBL correlations · QQQ correlations
