HST vs QQQ: Correlation
How closely do Host Hotels & Resorts (HST) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HST and QQQ?
On 3 years of weekly data the HST/QQQ correlation comes out at 0.37, moderate. The link has loosened recently: the 1-year correlation (-0.08) runs below the 3-year figure (0.37). The 5-year figure is 0.47, and annualized covariance runs at 177.4 %².
Among the 37 assets we track against HST, QQQ ranks #27 by 3-year correlation. Over the last 12 months HST came out ahead by 12.9 percentage points (+39.2% against +26.3%). This link changes with the market regime, having swung between -0.09 and 0.67 on a rolling one-year basis.
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.
HST vs QQQ: side by side
| HST (Host Hotels & Resorts) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +39.2% | +26.3% |
| 5-year return | +73.4% | +95.4% |
| Volatility (ann.) | 24.2% | 19.6% |
| Beta vs S&P 500 | 0.78 | 1.28 |
| Max drawdown (3Y) | -36.0% | -22.8% |
| Market cap | $15.5B | – |
| P/E (trailing) | 15.1 | – |
| Dividend yield | 3.57% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Real Estate | 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 | HST | QQQ |
|---|---|---|
| 2022 | -4.6% | -32.6% |
| 2023 | +27.6% | +54.9% |
| 2024 | -5.5% | +25.6% |
| 2025 | +7.2% | +20.8% |
| 2026 | +32.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HST and QQQ good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HST and QQQ?
The HST/QQQ correlation stands at 0.37 on a 3-year window (1 year: -0.08, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for HST?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: HST correlations · QQQ correlations
