HSCS vs QQQ: Correlation
Measured on weekly returns over the past three years, HeartSciences Inc. (HSCS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.09, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HSCS and QQQ?
On 3 years of weekly data the HSCS/QQQ correlation comes out at 0.09, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.16 versus 0.09 over 3 years. The 5-year figure is 0.16, and annualized covariance runs at 174.1 %².
QQQ is close to the least connected end of HSCS's tracked universe, ranking #7 of 10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 34.0 percentage points (-7.7% for HSCS against +26.3% for QQQ). Note the risk asymmetry: HSCS runs 5.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HSCS vs QQQ: side by side
| HSCS (HeartSciences Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -7.7% | +26.3% |
| 5-year return | -98.7% | +95.4% |
| Volatility (ann.) | 104.0% | 19.6% |
| Beta vs S&P 500 | 0.88 | 1.28 |
| Max drawdown (3Y) | -98.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 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 | HSCS | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -79.6% | +54.9% |
| 2024 | -77.7% | +25.6% |
| 2025 | -19.1% | +20.8% |
| 2026 | +1.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HSCS and QQQ good diversifiers for each other?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HSCS and QQQ?
Using weekly returns as of 2026-08-27: 0.09 over 3 years, with -0.16 over the last year and 0.16 over 5 years.
Is QQQ a good diversifier for HSCS?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.09 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/hscs-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hscs-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HSCS correlations · QQQ correlations
