HTD vs QQQ: Correlation
Measured on weekly returns over the past three years, John Hancock Tax Advantaged Dividend Income Fund (HTD) and Invesco QQQ Trust (QQQ) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTD and QQQ?
On 3 years of weekly data the HTD/QQQ correlation comes out at 0.24, weak. Recent behaviour matches the longer record: 0.19 over 1 year against 0.24 over 3. The 5-year figure is 0.40, and annualized covariance runs at 75.7 %².
Among the 23 assets we track against HTD, QQQ sits near the bottom by co-movement, at rank #20. The last year tells two different stories: QQQ led by 15.3 percentage points, +11.0% for HTD against +26.3% for QQQ.
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.
HTD vs QQQ: side by side
| HTD (John Hancock Tax Advantaged Dividend Income Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +11.0% | +26.3% |
| 5-year return | +50.6% | +95.4% |
| Volatility (ann.) | 15.9% | 19.6% |
| Beta vs S&P 500 | 0.43 | 1.28 |
| Max drawdown (3Y) | -15.7% | -22.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | 5.3 | – |
| Dividend yield | 7.30% | 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 | HTD | QQQ |
|---|---|---|
| 2022 | -6.2% | -32.6% |
| 2023 | -9.9% | +54.9% |
| 2024 | +25.7% | +25.6% |
| 2025 | +15.9% | +20.8% |
| 2026 | +12.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTD and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HTD and QQQ?
The HTD/QQQ correlation stands at 0.24 on a 3-year window (1 year: 0.19, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for HTD?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
A reading of 0.24 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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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/htd-vs-qqq/)
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Related comparisons
Hubs: HTD correlations · QQQ correlations
