HHH vs QQQ: Correlation
Howard Hughes Holdings Inc. (HHH) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HHH and QQQ?
Over the past 3 years, HHH and QQQ moved with a correlation of 0.37, which is moderate. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 213.6 %².
Among the 17 assets we track against HHH, QQQ sits near the bottom by co-movement, at rank #13. The last year tells two different stories: QQQ led by 40.5 percentage points, -14.2% for HHH against +26.3% for QQQ.
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.
HHH vs QQQ: side by side
| HHH (Howard Hughes Holdings Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -14.2% | +26.3% |
| 5-year return | -25.2% | +95.4% |
| Volatility (ann.) | 29.3% | 19.6% |
| Beta vs S&P 500 | 0.96 | 1.28 |
| Max drawdown (3Y) | -31.4% | -22.8% |
| Market cap | $3.9B | – |
| P/E (trailing) | 12.8 | – |
| 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 | HHH | QQQ |
|---|---|---|
| 2022 | -24.9% | -32.6% |
| 2023 | +11.9% | +54.9% |
| 2024 | -5.7% | +25.6% |
| 2025 | +3.7% | +20.8% |
| 2026 | -18.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HHH and QQQ good diversifiers for each other?
Reasonably. At 0.37, HHH and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HHH and QQQ?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.27 over the last year and 0.47 over 5 years.
Is QQQ a good diversifier for HHH?
Reasonably. At 0.37, HHH and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HHH correlations · QQQ correlations
