HTCO vs QQQ: Correlation
How closely do High-Trend International Group - Class A (HTCO) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.07, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTCO and QQQ?
On 3 years of weekly data the HTCO/QQQ correlation comes out at -0.07, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.02) sits close to the 3-year figure. The 5-year figure is -0.04, and annualized covariance runs at -203.7 %².
By 3-year correlation, QQQ places #8 of the 15 assets tracked against HTCO. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 104.1 percentage points (-77.8% for HTCO against +26.3% for QQQ). Risk is not evenly split, since HTCO carries 7.3 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.
HTCO vs QQQ: side by side
| HTCO (High-Trend International Group - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -77.8% | +26.3% |
| 5-year return | -98.9% | +95.4% |
| Volatility (ann.) | 143.5% | 19.6% |
| Beta vs S&P 500 | -0.60 | 1.28 |
| Max drawdown (3Y) | -97.5% | -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 | HTCO | QQQ |
|---|---|---|
| 2022 | -87.1% | -32.6% |
| 2023 | -63.0% | +54.9% |
| 2024 | +608.5% | +25.6% |
| 2025 | -89.9% | +20.8% |
| 2026 | -69.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTCO and QQQ good diversifiers for each other?
Yes: at -0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between HTCO and QQQ?
As of 2026-08-27, the correlation of weekly returns between HTCO and QQQ is -0.07 over 3 years, -0.02 over 1 year and -0.04 over 5 years.
Is QQQ a good diversifier for HTCO?
Yes: at -0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.07 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/htco-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/htco-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HTCO correlations · QQQ correlations
