HYFT vs QQQ: Correlation
Measured on weekly returns over the past three years, MindWalk Holdings Corp. (HYFT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.19, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HYFT and QQQ?
On 3 years of weekly data the HYFT/QQQ correlation comes out at 0.19, weak. Little has changed lately, as the 1-year reading of 0.24 lands near the 3-year figure. The 5-year figure is 0.20, and annualized covariance runs at 419.6 %².
Among the 11 assets we track against HYFT, QQQ sits near the bottom by co-movement, at rank #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 72.7 points (-46.4% versus +26.3%). Risk is not evenly split, since HYFT carries 5.6 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.
HYFT vs QQQ: side by side
| HYFT (MindWalk Holdings Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -46.4% | +26.3% |
| 5-year return | -80.2% | +95.4% |
| Volatility (ann.) | 110.1% | 19.6% |
| Beta vs S&P 500 | 1.42 | 1.28 |
| Max drawdown (3Y) | -86.3% | -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 | HYFT | QQQ |
|---|---|---|
| 2022 | -2.8% | -32.6% |
| 2023 | -67.2% | +54.9% |
| 2024 | -75.9% | +25.6% |
| 2025 | +341.7% | +20.8% |
| 2026 | -22.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HYFT and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between HYFT and QQQ?
The HYFT/QQQ correlation stands at 0.19 on a 3-year window (1 year: 0.24, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for HYFT?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
What does a correlation of 0.19 mean?
A reading of 0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HYFT correlations · QQQ correlations
