HYPR vs. QQQ

Last updated Jun 4, 2026

HYPR (Hyperfine, Inc.) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, HYPR returned -31.41%/yr vs 17.97%/yr for QQQ. At a 0.25 correlation, their price movements are largely independent.

Performance

HYPR vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hyperfine, Inc. (HYPR) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYPR achieves a 52.15% return, which is significantly higher than QQQ's 21.30% return.

HYPR

• 1D: -0.67%
• 1M: -17.68%
• YTD: 52.15%
• 6M: 58.59%
• 1Y: 101.46%
• 3Y*: -2.55%
• 5Y*: -31.41%
• 10Y*: —

QQQ

• 1D: -0.26%
• 1M: 10.60%
• YTD: 21.30%
• 6M: 19.66%
• 1Y: 41.82%
• 3Y*: 28.78%
• 5Y*: 17.97%
• 10Y*: 21.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HYPR vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HYPR Hyperfine, Inc.	52.15%	11.28%	-21.43%	33.33%	-88.41%	-27.57%
QQQ Invesco QQQ ETF	21.30%	20.77%	25.58%	54.86%	-32.58%	25.15%

Correlation

The correlation between HYPR and QQQ is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jan 28, 2021	0.25

The correlation between HYPR and QQQ shifts across timeframes, from 0.25 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

HYPR vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HYPR

HYPR Risk / Return Rank: 72
HYPR Sharpe Ratio Rank: 73
HYPR Sortino Ratio Rank: 74
HYPR Omega Ratio Rank: 74
HYPR Calmar Ratio Rank: 72
HYPR Martin Ratio Rank: 65

QQQ

QQQ Risk / Return Rank: 73
QQQ Sharpe Ratio Rank: 79
QQQ Sortino Ratio Rank: 75
QQQ Omega Ratio Rank: 74
QQQ Calmar Ratio Rank: 69
QQQ Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HYPR vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hyperfine, Inc. (HYPR) and Invesco QQQ ETF (QQQ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	HYPR	QQQ	Difference
Sharpe ratio Return per unit of total volatility	1.08	2.64	-1.56
Sortino ratio Return per unit of downside risk	1.96	3.45	-1.49
Omega ratio Gain probability vs. loss probability	1.25	1.45	-0.20
Calmar ratio Return relative to maximum drawdown	1.73	3.51	-1.79
Martin ratio Return relative to average drawdown	2.74	13.49	-10.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYPR vs. QQQ - Sharpe Ratio Comparison

The current HYPR Sharpe Ratio is 1.08, which is lower than the QQQ Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of HYPR and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HYPR	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	2.64	-1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.33	0.81	-1.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.32	0.41	-0.73

Drawdowns

HYPR vs. QQQ - Drawdown Comparison

The maximum HYPR drawdown since its inception was -95.01%, which is greater than QQQ's maximum drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for HYPR and QQQ.

Drawdown Indicators

	HYPR	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-95.01%	-82.97%	-12.04%
Max Drawdown (1Y) Largest decline over 1 year	-59.09%	-11.96%	-47.13%
Max Drawdown (3Y) Largest decline over 3 years	-82.81%	-22.77%	-60.04%
Max Drawdown (5Y) Largest decline over 5 years	-95.01%	-35.12%	-59.89%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-86.36%	-0.26%	-86.10%
Average Drawdown Average peak-to-trough decline	-72.76%	-32.79%	-39.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.13%	3.11%	+34.02%

Volatility

HYPR vs. QQQ - Volatility Comparison

Hyperfine, Inc. (HYPR) has a higher volatility of 19.14% compared to Invesco QQQ ETF (QQQ) at 4.49%. This indicates that HYPR's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYPR	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.14%	4.49%	+14.65%
Volatility (6M) Calculated over the trailing 6-month period	50.82%	12.10%	+38.72%
Volatility (1Y) Calculated over the trailing 1-year period	95.67%	15.94%	+79.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.22%	22.38%	+73.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.09%	22.29%	+70.80%

Dividends

HYPR vs. QQQ - Dividend Comparison

HYPR has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYPR Hyperfine, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both HYPR and QQQ in my portfolio?

HYPR and QQQ have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYPR or QQQ?

HYPR has higher volatility (19.14%) compared to QQQ (4.49%). In terms of maximum drawdown, HYPR dropped -95.01% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.64 vs 1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.