HZO vs QQQ: Correlation
How closely do MarineMax, Inc. (FL) (HZO) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HZO and QQQ?
On 3 years of weekly data the HZO/QQQ correlation comes out at 0.37, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.23 versus 0.37 over 3 years. The 5-year figure is 0.36, and annualized covariance runs at 411.2 %².
Out of 16 assets tracked against HZO, QQQ lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with HZO ahead by 60.5 points (+86.8% versus +26.3%). One caveat on sizing: HZO is 2.9 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.
HZO vs QQQ: side by side
| HZO (MarineMax, Inc. (FL)) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +86.8% | +26.3% |
| 5-year return | +5.1% | +95.4% |
| Volatility (ann.) | 57.2% | 19.6% |
| Beta vs S&P 500 | 1.70 | 1.28 |
| Max drawdown (3Y) | -55.0% | -22.8% |
| Market cap | $1.2B | – |
| P/E (trailing) | 326.2 | – |
| 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 | HZO | QQQ |
|---|---|---|
| 2022 | -47.1% | -32.6% |
| 2023 | +24.6% | +54.9% |
| 2024 | -25.6% | +25.6% |
| 2025 | -16.3% | +20.8% |
| 2026 | +115.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HZO and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HZO and QQQ?
The HZO/QQQ correlation stands at 0.37 on a 3-year window (1 year: 0.23, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for HZO?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hzo-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hzo-vs-qqq/)
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Related comparisons
Hubs: HZO correlations · QQQ correlations
