HITI vs QQQ: Correlation
High Tide Inc. (HITI) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HITI and QQQ?
Over the past 3 years, HITI and QQQ moved with a correlation of 0.13, which is weak. The past 12 months show a tighter link (0.25) than the 3-year average (0.13). Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 139.7 %².
QQQ is close to the least connected end of HITI's tracked universe, ranking #7 of 10. Correlation aside, the last 12 months split them widely, with QQQ ahead by 54.9 points (-28.6% versus +26.3%). Note the risk asymmetry: HITI runs 2.9 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.
HITI vs QQQ: side by side
| HITI (High Tide Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -28.6% | +26.3% |
| 5-year return | -64.1% | +95.4% |
| Volatility (ann.) | 57.1% | 19.6% |
| Beta vs S&P 500 | 0.73 | 1.28 |
| Max drawdown (3Y) | -51.6% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| 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 | HITI | QQQ |
|---|---|---|
| 2022 | -63.8% | -32.6% |
| 2023 | +5.8% | +54.9% |
| 2024 | +89.6% | +25.6% |
| 2025 | -14.2% | +20.8% |
| 2026 | -3.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HITI and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between HITI and QQQ?
Using weekly returns as of 2026-08-27: 0.13 over 3 years, with 0.25 over the last year and 0.18 over 5 years.
Is QQQ a good diversifier for HITI?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
What does a correlation of 0.13 mean?
On the −1 to +1 scale, 0.13 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/hiti-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hiti-vs-qqq/)
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Related comparisons
Hubs: HITI correlations · QQQ correlations
