HLT vs QQQ: Correlation
Measured on weekly returns over the past three years, Hilton Worldwide (HLT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HLT and QQQ?
Over the past 3 years, HLT and QQQ moved with a correlation of 0.50, which is moderate. The link has loosened recently: the 1-year correlation (0.16) runs below the 3-year figure (0.50). Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 201.2 %².
Within HLT's tracked universe of 40 assets, QQQ comes in at #22 by 3-year correlation. Over the last 12 months QQQ came out ahead by 8.2 percentage points (+18.1% against +26.3%). This link changes with the market regime, having swung between 0.13 and 0.69 on a rolling one-year basis.
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.
HLT vs QQQ: side by side
| HLT (Hilton Worldwide) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +18.1% | +26.3% |
| 5-year return | +162.7% | +95.4% |
| Volatility (ann.) | 20.7% | 19.6% |
| Beta vs S&P 500 | 0.85 | 1.28 |
| Max drawdown (3Y) | -26.4% | -22.8% |
| Market cap | $73.3B | – |
| P/E (trailing) | 47.8 | – |
| Dividend yield | 0.18% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Discretionary | 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 | HLT | QQQ |
|---|---|---|
| 2022 | -18.7% | -32.6% |
| 2023 | +44.7% | +54.9% |
| 2024 | +36.1% | +25.6% |
| 2025 | +16.5% | +20.8% |
| 2026 | +13.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HLT and QQQ good diversifiers for each other?
Only partially. A correlation of 0.50 means HLT and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between HLT and QQQ?
The HLT/QQQ correlation stands at 0.50 on a 3-year window (1 year: 0.16, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for HLT?
Only partially. A correlation of 0.50 means HLT and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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/hlt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hlt-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HLT correlations · QQQ correlations
