HYFM vs QQQ: Correlation
Hydrofarm Holdings Group, Inc. (HYFM) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HYFM and QQQ?
Over the past 3 years, HYFM and QQQ moved with a correlation of 0.26, which is weak. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 757.9 %².
Within HYFM's tracked universe of 19 assets, QQQ comes in at #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 106.8 percentage points (-80.5% for HYFM against +26.3% for QQQ). Risk is not evenly split, since HYFM carries 7.6 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.
HYFM vs QQQ: side by side
| HYFM (Hydrofarm Holdings Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -80.5% | +26.3% |
| 5-year return | -99.8% | +95.4% |
| Volatility (ann.) | 148.0% | 19.6% |
| Beta vs S&P 500 | 2.71 | 1.28 |
| Max drawdown (3Y) | -96.6% | -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 | HYFM | QQQ |
|---|---|---|
| 2022 | -94.5% | -32.6% |
| 2023 | -40.8% | +54.9% |
| 2024 | -36.8% | +25.6% |
| 2025 | -74.0% | +20.8% |
| 2026 | -41.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HYFM and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HYFM and QQQ?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.32 over the last year and 0.33 over 5 years.
Is QQQ a good diversifier for HYFM?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 mean?
A reading of 0.26 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
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Related comparisons
Hubs: HYFM correlations · QQQ correlations
