HQI vs MMI: Correlation
How closely do HireQuest, Inc. (HQI) and Marcus & Millichap, Inc. (MMI) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQI and MMI?
Over the past 3 years, HQI and MMI moved with a correlation of 0.44, which is moderate. The link has loosened recently: the 1-year correlation (0.20) runs below the 3-year figure (0.44). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 586.2 %².
Few assets follow HQI as closely as MMI, which ranks #1 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with HQI ahead by 72.7 points (+71.4% versus -1.3%).
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.
HQI vs MMI: side by side
| HQI (HireQuest, Inc.) | MMI (Marcus & Millichap, Inc.) | |
|---|---|---|
| 1-year return | +71.4% | -1.3% |
| 5-year return | -4.1% | -11.7% |
| Volatility (ann.) | 42.4% | 31.5% |
| Beta vs S&P 500 | 0.55 | 0.84 |
| Max drawdown (3Y) | -59.4% | -41.7% |
| Market cap | $0.2B | $1.2B |
| P/E (trailing) | 28.6 | 85.9 |
| Dividend yield | 1.41% | 1.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HQI | MMI |
|---|---|---|
| 2022 | -20.4% | -30.8% |
| 2023 | -1.7% | +28.8% |
| 2024 | -6.1% | -11.2% |
| 2025 | -24.0% | -27.6% |
| 2026 | +54.0% | +17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQI and MMI good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HQI and MMI?
As of 2026-08-27, the correlation of weekly returns between HQI and MMI is 0.44 over 3 years, 0.20 over 1 year and 0.38 over 5 years.
Is MMI a good diversifier for HQI?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/hqi-vs-mmi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hqi-vs-mmi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HQI correlations · MMI correlations
