HWH vs QQQ: Correlation
Measured on weekly returns over the past three years, HWH International Inc. (HWH) and Invesco QQQ Trust (QQQ) carry a correlation of 0.07, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HWH and QQQ?
On 3 years of weekly data the HWH/QQQ correlation comes out at 0.07, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.05) sits close to the 3-year figure. The 5-year figure is 0.05, and annualized covariance runs at 282.1 %².
Among the 12 assets we track against HWH, QQQ sits near the bottom by co-movement, at rank #8. The trailing year gives HWH the advantage: +41.1% versus +26.3%, a 14.8-point spread. One caveat on sizing: HWH is 10.1 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.
HWH vs QQQ: side by side
| HWH (HWH International Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +41.1% | +26.3% |
| 5-year return | -95.9% | +95.4% |
| Volatility (ann.) | 198.9% | 19.6% |
| Beta vs S&P 500 | 0.98 | 1.28 |
| Max drawdown (3Y) | -98.3% | -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 | HWH | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +2.5% | +54.9% |
| 2024 | -93.7% | +25.6% |
| 2025 | -53.8% | +20.8% |
| 2026 | +33.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HWH and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
FAQ
What is the correlation between HWH and QQQ?
As of 2026-08-27, the correlation of weekly returns between HWH and QQQ is 0.07 over 3 years, 0.05 over 1 year and 0.05 over 5 years.
Is QQQ a good diversifier for HWH?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
What does a correlation of 0.07 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: HWH correlations · QQQ correlations
