HWKN vs QQQ: Correlation
Hawkins, Inc. (HWKN) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HWKN and QQQ?
Across a 3-year window, the weekly returns of HWKN and QQQ correlate at 0.22, weak. The past 12 months show a weaker link (0.06) than the 3-year average (0.22). Stretching to 5 years gives 0.27, with an annualized covariance of 168.8 %².
QQQ is close to the least connected end of HWKN's tracked universe, ranking #7 of 10. The last year tells two different stories: QQQ led by 57.8 percentage points, -31.5% for HWKN against +26.3% for QQQ. Risk is not evenly split, since HWKN carries 2.0 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.
HWKN vs QQQ: side by side
| HWKN (Hawkins, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -31.5% | +26.3% |
| 5-year return | +226.8% | +95.4% |
| Volatility (ann.) | 38.4% | 19.6% |
| Beta vs S&P 500 | 0.65 | 1.28 |
| Max drawdown (3Y) | -35.9% | -22.8% |
| Market cap | $2.5B | – |
| P/E (trailing) | 30.8 | – |
| Dividend yield | 0.64% | 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 | HWKN | QQQ |
|---|---|---|
| 2022 | -0.8% | -32.6% |
| 2023 | +84.7% | +54.9% |
| 2024 | +75.5% | +25.6% |
| 2025 | +16.5% | +20.8% |
| 2026 | -16.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HWKN and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HWKN and QQQ?
As of 2026-08-27, the correlation of weekly returns between HWKN and QQQ is 0.22 over 3 years, 0.06 over 1 year and 0.27 over 5 years.
Is QQQ a good diversifier for HWKN?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hwkn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: HWKN correlations · QQQ correlations
