HR vs QQQ: Correlation
Measured on weekly returns over the past three years, Healthcare Realty Trust Incorporated (HR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.17, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HR and QQQ?
Across a 3-year window, the weekly returns of HR and QQQ correlate at 0.17, weak. Recent behaviour matches the longer record: 0.10 over 1 year against 0.17 over 3. Stretching to 5 years gives 0.28, with an annualized covariance of 72.9 %².
Out of 11 assets tracked against HR, QQQ lands near the bottom at #8. On 12-month performance QQQ holds a 9.7-point edge, +16.6% against +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.
HR vs QQQ: side by side
| HR (Healthcare Realty Trust Incorporated) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +16.6% | +26.3% |
| 5-year return | +12.6% | +95.4% |
| Volatility (ann.) | 21.8% | 19.6% |
| Beta vs S&P 500 | 0.37 | 1.28 |
| Max drawdown (3Y) | -24.4% | -22.8% |
| Market cap | $6.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.98% | 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 | HR | QQQ |
|---|---|---|
| 2022 | -17.5% | -32.6% |
| 2023 | -4.1% | +54.9% |
| 2024 | +6.4% | +25.6% |
| 2025 | +6.9% | +20.8% |
| 2026 | +17.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HR and QQQ good diversifiers for each other?
Yes. With a correlation of 0.17, HR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HR and QQQ?
Using weekly returns as of 2026-08-27: 0.17 over 3 years, with 0.10 over the last year and 0.28 over 5 years.
Is QQQ a good diversifier for HR?
Yes. With a correlation of 0.17, HR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.17 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/hr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HR correlations · QQQ correlations
