HRB vs QQQ: Correlation
Measured on weekly returns over the past three years, H&R Block, Inc. (HRB) and Invesco QQQ Trust (QQQ) carry a correlation of 0.11, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRB and QQQ?
On 3 years of weekly data the HRB/QQQ correlation comes out at 0.11, weak. Recent behaviour matches the longer record: 0.16 over 1 year against 0.11 over 3. The 5-year figure is 0.16, and annualized covariance runs at 70.9 %².
Within HRB's tracked universe of 13 assets, QQQ comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 18.7 percentage points (+7.6% for HRB against +26.3% for QQQ). Risk is not evenly split, since HRB carries 1.7 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.
HRB vs QQQ: side by side
| HRB (H&R Block, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +7.6% | +26.3% |
| 5-year return | +141.8% | +95.4% |
| Volatility (ann.) | 32.8% | 19.6% |
| Beta vs S&P 500 | 0.31 | 1.28 |
| Max drawdown (3Y) | -55.5% | -22.8% |
| Market cap | $6.5B | – |
| P/E (trailing) | 9.3 | – |
| Dividend yield | 3.19% | 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 | HRB | QQQ |
|---|---|---|
| 2022 | +59.9% | -32.6% |
| 2023 | +36.9% | +54.9% |
| 2024 | +12.0% | +25.6% |
| 2025 | -14.9% | +20.8% |
| 2026 | +23.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRB and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
FAQ
What is the correlation between HRB and QQQ?
The HRB/QQQ correlation stands at 0.11 on a 3-year window (1 year: 0.16, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for HRB?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
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/hrb-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hrb-vs-qqq/)
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Related comparisons
Hubs: HRB correlations · QQQ correlations
