HSDT vs QQQ: Correlation
Measured on weekly returns over the past three years, Solana Company (HSDT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.04, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HSDT and QQQ?
Over the past 3 years, HSDT and QQQ moved with a correlation of 0.04, which is near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.19 versus 0.04 over 3 years. Over 5 years the correlation is 0.12, and the annualized covariance of weekly returns is 148.3 %².
Among the 17 assets we track against HSDT, QQQ ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 87.0 percentage points (-60.7% for HSDT against +26.3% for QQQ). Risk is not evenly split, since HSDT carries 9.1 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.
HSDT vs QQQ: side by side
| HSDT (Solana Company) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -60.7% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 177.7% | 19.6% |
| Beta vs S&P 500 | 0.34 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 0.0 | – |
| 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 | HSDT | QQQ |
|---|---|---|
| 2022 | -94.1% | -32.6% |
| 2023 | -47.6% | +54.9% |
| 2024 | -91.7% | +25.6% |
| 2025 | -99.4% | +20.8% |
| 2026 | -15.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HSDT and QQQ good diversifiers for each other?
Yes. With a correlation of 0.04, HSDT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HSDT and QQQ?
The HSDT/QQQ correlation stands at 0.04 on a 3-year window (1 year: 0.19, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for HSDT?
Yes. With a correlation of 0.04, HSDT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.04 mean?
On the −1 to +1 scale, 0.04 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
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[](https://www.pairbook.io/pair/hsdt-vs-qqq/)
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Related comparisons
Hubs: HSDT correlations · QQQ correlations
