HTCR vs QQQ: Correlation
How closely do Heartcore Enterprises, Inc. (HTCR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.13, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTCR and QQQ?
Over the past 3 years, HTCR and QQQ moved with a correlation of 0.13, which is weak. The link has tightened recently: the 1-year correlation (0.31) runs above the 3-year figure (0.13). Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 252.1 %².
QQQ is close to the least connected end of HTCR's tracked universe, ranking #9 of 12. The last year tells two different stories: QQQ led by 113.0 percentage points, -86.7% for HTCR against +26.3% for QQQ. Risk is not evenly split, since HTCR carries 5.0 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.
HTCR vs QQQ: side by side
| HTCR (Heartcore Enterprises, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -86.7% | +26.3% |
| 5-year return | -96.7% | +95.4% |
| Volatility (ann.) | 97.6% | 19.6% |
| Beta vs S&P 500 | 1.26 | 1.28 |
| Max drawdown (3Y) | -95.7% | -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 | HTCR | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -29.9% | +54.9% |
| 2024 | +199.2% | +25.6% |
| 2025 | -80.3% | +20.8% |
| 2026 | -56.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTCR and QQQ good diversifiers for each other?
Yes. With a correlation of 0.13, HTCR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HTCR and QQQ?
Using weekly returns as of 2026-08-27: 0.13 over 3 years, with 0.31 over the last year and 0.19 over 5 years.
Is QQQ a good diversifier for HTCR?
Yes. With a correlation of 0.13, HTCR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.13 mean?
A reading of 0.13 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
$ curl https://www.pairbook.io/api/v1/pairs/htcr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/htcr-vs-qqq/)
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Related comparisons
Hubs: HTCR correlations · QQQ correlations
