HGTY vs QQQ: Correlation
How closely do Hagerty, Inc. (HGTY) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HGTY and QQQ?
Over the past 3 years, HGTY and QQQ moved with a correlation of 0.22, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.07 versus 0.22 over 3 years. Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 125.3 %².
Out of 11 assets tracked against HGTY, QQQ lands near the bottom at #8. Over the last 12 months QQQ came out ahead by 6.7 percentage points (+19.6% against +26.3%). Note the risk asymmetry: HGTY runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HGTY vs QQQ: side by side
| HGTY (Hagerty, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +19.6% | +26.3% |
| 5-year return | +32.9% | +95.4% |
| Volatility (ann.) | 29.7% | 19.6% |
| Beta vs S&P 500 | 0.63 | 1.28 |
| Max drawdown (3Y) | -31.1% | -22.8% |
| Market cap | $4.6B | – |
| P/E (trailing) | 102.5 | – |
| 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 | HGTY | QQQ |
|---|---|---|
| 2022 | -40.7% | -32.6% |
| 2023 | -7.3% | +54.9% |
| 2024 | +23.7% | +25.6% |
| 2025 | +39.3% | +20.8% |
| 2026 | -0.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HGTY and QQQ good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HGTY and QQQ?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with 0.07 over the last year and 0.17 over 5 years.
Is QQQ a good diversifier for HGTY?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hgty-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hgty-vs-qqq/)
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Related comparisons
Hubs: HGTY correlations · QQQ correlations
