HUBG vs QQQ: Correlation
Hub Group, Inc. (HUBG) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUBG and QQQ?
Over the past 3 years, HUBG and QQQ moved with a correlation of 0.38, which is moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.38). Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 252.4 %².
QQQ is close to the least connected end of HUBG's tracked universe, ranking #17 of 21. Correlation aside, the last 12 months split them widely, with QQQ ahead by 16.2 points (+10.1% versus +26.3%). Note the risk asymmetry: HUBG runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HUBG vs QQQ: side by side
| HUBG (Hub Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +10.1% | +26.3% |
| 5-year return | +17.3% | +95.4% |
| Volatility (ann.) | 34.2% | 19.6% |
| Beta vs S&P 500 | 1.10 | 1.28 |
| Max drawdown (3Y) | -40.8% | -22.8% |
| Market cap | $2.4B | – |
| P/E (trailing) | 23.0 | – |
| Dividend yield | 1.25% | 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 | HUBG | QQQ |
|---|---|---|
| 2022 | -5.6% | -32.6% |
| 2023 | +15.7% | +54.9% |
| 2024 | -2.0% | +25.6% |
| 2025 | -3.1% | +20.8% |
| 2026 | -5.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBG and QQQ good diversifiers for each other?
Reasonably. At 0.38, HUBG and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HUBG and QQQ?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.24 over the last year and 0.40 over 5 years.
Is QQQ a good diversifier for HUBG?
Reasonably. At 0.38, HUBG and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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/hubg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hubg-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HUBG correlations · QQQ correlations
