HUDI vs QQQ: Correlation
How closely do Huadi International Group Co., Ltd. (HUDI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.19, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUDI and QQQ?
Across a 3-year window, the weekly returns of HUDI and QQQ correlate at 0.19, weak. The relationship has been stable: the 1-year correlation (0.26) sits close to the 3-year figure. Stretching to 5 years gives -0.07, with an annualized covariance of 203.7 %².
Out of 10 assets tracked against HUDI, QQQ lands near the bottom at #7. The last year tells two different stories: QQQ led by 65.3 percentage points, -39.0% for HUDI against +26.3% for QQQ. Risk is not evenly split, since HUDI carries 2.9 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.
HUDI vs QQQ: side by side
| HUDI (Huadi International Group Co., Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -39.0% | +26.3% |
| 5-year return | -78.4% | +95.4% |
| Volatility (ann.) | 56.1% | 19.6% |
| Beta vs S&P 500 | 0.78 | 1.28 |
| Max drawdown (3Y) | -83.4% | -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 | HUDI | QQQ |
|---|---|---|
| 2022 | -84.1% | -32.6% |
| 2023 | -40.2% | +54.9% |
| 2024 | -42.9% | +25.6% |
| 2025 | -35.4% | +20.8% |
| 2026 | -24.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUDI and QQQ good diversifiers for each other?
Yes. With a correlation of 0.19, HUDI and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HUDI and QQQ?
Using weekly returns as of 2026-08-27: 0.19 over 3 years, with 0.26 over the last year and -0.07 over 5 years.
Is QQQ a good diversifier for HUDI?
Yes. With a correlation of 0.19, HUDI and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.19 mean?
A reading of 0.19 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/hudi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hudi-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HUDI correlations · QQQ correlations
