HII vs QQQ: Correlation
Measured on weekly returns over the past three years, Huntington Ingalls Industries (HII) and Invesco QQQ Trust (QQQ) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HII and QQQ?
Across a 3-year window, the weekly returns of HII and QQQ correlate at 0.24, weak. The past 12 months show a weaker link (0.12) than the 3-year average (0.24). Stretching to 5 years gives 0.24, with an annualized covariance of 164.1 %².
Among the 28 assets we track against HII, QQQ ranks #18 by 3-year correlation. The last year tells two different stories: QQQ led by 16.9 percentage points, +9.4% for HII against +26.3% for QQQ. Across three years, the rolling one-year figure varied moderately, from 0.05 to 0.53. Note the risk asymmetry: HII runs 1.8 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.
HII vs QQQ: side by side
| HII (Huntington Ingalls Industries) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +9.4% | +26.3% |
| 5-year return | +59.2% | +95.4% |
| Volatility (ann.) | 35.3% | 19.6% |
| Beta vs S&P 500 | 0.84 | 1.28 |
| Max drawdown (3Y) | -45.2% | -22.8% |
| Market cap | $11.7B | – |
| P/E (trailing) | 17.7 | – |
| Dividend yield | 1.85% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | 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 | HII | QQQ |
|---|---|---|
| 2022 | +26.3% | -32.6% |
| 2023 | +15.2% | +54.9% |
| 2024 | -25.7% | +25.6% |
| 2025 | +84.2% | +20.8% |
| 2026 | -11.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HII and QQQ good diversifiers for each other?
Reasonably. At 0.24, HII and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HII and QQQ?
Using weekly returns as of 2026-08-27: 0.24 over 3 years, with 0.12 over the last year and 0.24 over 5 years.
Is QQQ a good diversifier for HII?
Reasonably. At 0.24, HII and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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
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Related comparisons
Hubs: HII correlations · QQQ correlations
