HQL vs QQQ: Correlation
abrdn Life Sciences Investors Shares of Beneficial Interest (HQL) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HQL and QQQ?
Over the past 3 years, HQL and QQQ moved with a correlation of 0.49, which is moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 226.6 %².
By 3-year correlation, QQQ places #33 of the 72 assets tracked against HQL. Correlation aside, the last 12 months split them widely, with HQL ahead by 49.6 points (+75.9% versus +26.3%).
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.
HQL vs QQQ: side by side
| HQL (abrdn Life Sciences Investors Shares of Beneficial Interest) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +75.9% | +26.3% |
| 5-year return | +74.1% | +95.4% |
| Volatility (ann.) | 23.5% | 19.6% |
| Beta vs S&P 500 | 0.88 | 1.28 |
| Max drawdown (3Y) | -25.1% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 8.87% | 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 | HQL | QQQ |
|---|---|---|
| 2022 | -19.2% | -32.6% |
| 2023 | +4.2% | +54.9% |
| 2024 | +11.0% | +25.6% |
| 2025 | +45.5% | +20.8% |
| 2026 | +40.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HQL and QQQ good diversifiers for each other?
Reasonably. At 0.49, HQL and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HQL and QQQ?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.42 over the last year and 0.54 over 5 years.
Is QQQ a good diversifier for HQL?
Reasonably. At 0.49, HQL and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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/hql-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hql-vs-qqq/)
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Related comparisons
Hubs: HQL correlations · QQQ correlations
