HKIT vs QQQ: Correlation
How closely do Hitek Global Inc. - Class A (HKIT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.11, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HKIT and QQQ?
Over the past 3 years, HKIT and QQQ moved with a correlation of 0.11, which is weak. The relationship has been stable: the 1-year correlation (0.16) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 511.7 %².
By 3-year correlation, QQQ places #8 of the 14 assets tracked against HKIT. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 126.2 percentage points (-99.9% for HKIT against +26.3% for QQQ). Risk is not evenly split, since HKIT carries 11.9 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.
HKIT vs QQQ: side by side
| HKIT (Hitek Global Inc. - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -99.9% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 233.1% | 19.6% |
| Beta vs S&P 500 | 1.70 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| 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 | HKIT | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | +36.2% | +25.6% |
| 2025 | +55.9% | +20.8% |
| 2026 | -100.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HKIT and QQQ good diversifiers for each other?
Yes. With a correlation of 0.11, HKIT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HKIT and QQQ?
Using weekly returns as of 2026-08-27: 0.11 over 3 years, with 0.16 over the last year and n/a over 5 years.
Is QQQ a good diversifier for HKIT?
Yes. With a correlation of 0.11, HKIT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.11 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hkit-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hkit-vs-qqq/)
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Related comparisons
Hubs: HKIT correlations · QQQ correlations
