HUBS vs QQQ: Correlation
HubSpot, Inc. (HUBS) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUBS and QQQ?
Over the past 3 years, HUBS and QQQ moved with a correlation of 0.31, which is moderate. The past 12 months show a weaker link (0.08) than the 3-year average (0.31). Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 310.1 %².
Among the 30 assets we track against HUBS, QQQ ranks #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 71.8 percentage points (-45.5% for HUBS against +26.3% for QQQ). One caveat on sizing: HUBS is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
HUBS vs QQQ: side by side
| HUBS (HubSpot, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -45.5% | +26.3% |
| 5-year return | -63.5% | +95.4% |
| Volatility (ann.) | 50.4% | 19.6% |
| Beta vs S&P 500 | 1.18 | 1.28 |
| Max drawdown (3Y) | -79.2% | -22.8% |
| Market cap | $13.1B | – |
| P/E (trailing) | 90.7 | – |
| 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 | HUBS | QQQ |
|---|---|---|
| 2022 | -56.1% | -32.6% |
| 2023 | +100.8% | +54.9% |
| 2024 | +20.0% | +25.6% |
| 2025 | -42.4% | +20.8% |
| 2026 | -36.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUBS and QQQ good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HUBS and QQQ?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.08 over the last year and 0.49 over 5 years.
Is QQQ a good diversifier for HUBS?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 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/hubs-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hubs-vs-qqq/)
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Related comparisons
Hubs: HUBS correlations · QQQ correlations
