HUMA vs QQQ: Correlation
Humacyte, Inc. (HUMA) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HUMA and QQQ?
Over the past 3 years, HUMA and QQQ moved with a correlation of 0.36, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.47 versus 0.36 over 3 years. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 723.3 %².
Among the 11 assets we track against HUMA, QQQ sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 81.0 percentage points (-54.7% for HUMA against +26.3% for QQQ). One caveat on sizing: HUMA is 5.3 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.
HUMA vs QQQ: side by side
| HUMA (Humacyte, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -54.7% | +26.3% |
| 5-year return | -94.8% | +95.4% |
| Volatility (ann.) | 103.1% | 19.6% |
| Beta vs S&P 500 | 2.71 | 1.28 |
| Max drawdown (3Y) | -94.2% | -22.8% |
| Market cap | $0.2B | – |
| 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 | HUMA | QQQ |
|---|---|---|
| 2022 | -70.9% | -32.6% |
| 2023 | +34.6% | +54.9% |
| 2024 | +77.8% | +25.6% |
| 2025 | -81.0% | +20.8% |
| 2026 | -27.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HUMA and QQQ good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HUMA and QQQ?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.47 over the last year and 0.36 over 5 years.
Is QQQ a good diversifier for HUMA?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
A reading of 0.36 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/huma-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/huma-vs-qqq/)
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Related comparisons
Hubs: HUMA correlations · QQQ correlations
