HUM vs QQQ: Correlation
Humana (HUM) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUM and QQQ?
Across a 3-year window, the weekly returns of HUM and QQQ correlate at 0.13, weak. The link has tightened recently: the 1-year correlation (0.25) runs above the 3-year figure (0.13). Stretching to 5 years gives 0.14, with an annualized covariance of 110.4 %².
Within HUM's tracked universe of 30 assets, QQQ comes in at #20 by 3-year correlation. Over the last 12 months HUM came out ahead by 7.7 percentage points (+34.0% against +26.3%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.40 to 0.41. Note the risk asymmetry: HUM runs 2.2 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.
HUM vs QQQ: side by side
| HUM (Humana) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +34.0% | +26.3% |
| 5-year return | +1.8% | +95.4% |
| Volatility (ann.) | 43.3% | 19.6% |
| Beta vs S&P 500 | 0.52 | 1.28 |
| Max drawdown (3Y) | -67.9% | -22.8% |
| Market cap | $47.1B | – |
| P/E (trailing) | 36.9 | – |
| Dividend yield | 0.91% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Health Care | 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 | HUM | QQQ |
|---|---|---|
| 2022 | +11.2% | -32.6% |
| 2023 | -9.9% | +54.9% |
| 2024 | -44.0% | +25.6% |
| 2025 | +2.4% | +20.8% |
| 2026 | +54.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUM and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between HUM and QQQ?
As of 2026-08-27, the correlation of weekly returns between HUM and QQQ is 0.13 over 3 years, 0.25 over 1 year and 0.14 over 5 years.
Is QQQ a good diversifier for HUM?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
What does a correlation of 0.13 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.
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Related comparisons
Hubs: HUM correlations · QQQ correlations
