HURC vs QQQ: Correlation
Measured on weekly returns over the past three years, Hurco Companies, Inc. (HURC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HURC and QQQ?
On 3 years of weekly data the HURC/QQQ correlation comes out at 0.24, weak. Lately the two have drifted apart, with the 1-year correlation at 0.05 versus 0.24 over 3 years. The 5-year figure is 0.21, and annualized covariance runs at 186.2 %².
Out of 10 assets tracked against HURC, QQQ lands near the bottom at #7. Neither side won the trailing year by much: +25.4% against +26.3%. One caveat on sizing: HURC is 2.0 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.
HURC vs QQQ: side by side
| HURC (Hurco Companies, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +25.4% | +26.3% |
| 5-year return | -28.0% | +95.4% |
| Volatility (ann.) | 39.5% | 19.6% |
| Beta vs S&P 500 | 0.89 | 1.28 |
| Max drawdown (3Y) | -52.0% | -22.8% |
| Market cap | $0.1B | – |
| 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 | HURC | QQQ |
|---|---|---|
| 2022 | -10.0% | -32.6% |
| 2023 | -15.2% | +54.9% |
| 2024 | -9.7% | +25.6% |
| 2025 | -19.9% | +20.8% |
| 2026 | +45.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HURC and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HURC and QQQ?
Using weekly returns as of 2026-08-27: 0.24 over 3 years, with 0.05 over the last year and 0.21 over 5 years.
Is QQQ a good diversifier for HURC?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
A reading of 0.24 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/hurc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hurc-vs-qqq/)
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Related comparisons
Hubs: HURC correlations · QQQ correlations
