HTO vs QQQ: Correlation
H2O America (HTO) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.00.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTO and QQQ?
Over the past 3 years, HTO and QQQ moved with a correlation of 0.00, which is near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.13 versus 0.00 over 3 years. Over 5 years the correlation is 0.11, and the annualized covariance of weekly returns is 1.7 %².
QQQ is close to the least connected end of HTO's tracked universe, ranking #9 of 13. Twelve-month performance is nearly a tie, at +27.9% for HTO and +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.
HTO vs QQQ: side by side
| HTO (H2O America) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +27.9% | +26.3% |
| 5-year return | +4.2% | +95.4% |
| Volatility (ann.) | 24.2% | 19.6% |
| Beta vs S&P 500 | 0.14 | 1.28 |
| Max drawdown (3Y) | -32.4% | -22.8% |
| Market cap | $2.6B | – |
| P/E (trailing) | 22.5 | – |
| Dividend yield | 2.70% | 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 | HTO | QQQ |
|---|---|---|
| 2022 | +13.4% | -32.6% |
| 2023 | -17.8% | +54.9% |
| 2024 | -22.6% | +25.6% |
| 2025 | +2.9% | +20.8% |
| 2026 | +31.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTO and QQQ good diversifiers for each other?
Yes. With a correlation of 0.00, HTO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HTO and QQQ?
Using weekly returns as of 2026-08-27: 0.00 over 3 years, with -0.13 over the last year and 0.11 over 5 years.
Is QQQ a good diversifier for HTO?
Yes. With a correlation of 0.00, HTO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.00 mean?
A reading of 0.00 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/hto-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hto-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HTO correlations · QQQ correlations
