HireQuest (HQI)
Market Price (12/25/2025): $9.89 | Market Cap: $138.1 MilSector: Industrials | Industry: Human Resource & Employment Services
HireQuest (HQI)
Market Price (12/25/2025): $9.89Market Cap: $138.1 MilSector: IndustrialsIndustry: Human Resource & Employment Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.2%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.1%, FCF Yield is 9.8% | Weak multi-year price returns2Y Excs Rtn is -82%, 3Y Excs Rtn is -125% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -13%, Rev Chg QQuarterly Revenue Change % is -9.8% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 24% | Key risksHQI key risks include [1] its heavy dependence on the financial performance of its franchisees and [2] challenges in executing its acquisition-based growth strategy. | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 45%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 44% | ||
| Megatrend and thematic driversMegatrends include Future of Work. Themes include Flexible Staffing Solutions, and Workforce Agility. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.2%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.1%, FCF Yield is 9.8% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 24% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 45%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 44% |
| Megatrend and thematic driversMegatrends include Future of Work. Themes include Flexible Staffing Solutions, and Workforce Agility. |
| Weak multi-year price returns2Y Excs Rtn is -82%, 3Y Excs Rtn is -125% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -13%, Rev Chg QQuarterly Revenue Change % is -9.8% |
| Key risksHQI key risks include [1] its heavy dependence on the financial performance of its franchisees and [2] challenges in executing its acquisition-based growth strategy. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
Here are five key points explaining recent movements in HireQuest (HQI) stock: 1. HireQuest announced a new $20 million share repurchase program on December 17, 2025. This initiative typically signals management's confidence in the company's valuation and can reduce the number of outstanding shares, potentially boosting earnings per share and driving stock price appreciation.2. The company declared a quarterly dividend of $0.06 per share on November 7, 2025. Consistent dividend payments can attract income-focused investors and demonstrate the company's financial stability and commitment to returning value to shareholders.
Show more
Stock Movement Drivers
Fundamental Drivers
The 4.9% change in HQI stock from 9/24/2025 to 12/24/2025 was primarily driven by a 193.4% change in the company's Net Income Margin (%).| 9242025 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 9.72 | 10.20 | 4.91% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 32.61 | 31.69 | -2.82% |
| Net Income Margin (%) | 7.47% | 21.92% | 193.37% |
| P/E Multiple | 55.61 | 20.49 | -63.15% |
| Shares Outstanding (Mil) | 13.94 | 13.96 | -0.15% |
| Cumulative Contribution | 4.91% |
Market Drivers
9/24/2025 to 12/24/2025| Return | Correlation | |
|---|---|---|
| HQI | 4.9% | |
| Market (SPY) | 4.4% | 19.1% |
| Sector (XLI) | 3.4% | 15.3% |
Fundamental Drivers
The 5.7% change in HQI stock from 6/25/2025 to 12/24/2025 was primarily driven by a 116.0% change in the company's Net Income Margin (%).| 6252025 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 9.65 | 10.20 | 5.68% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 33.65 | 31.69 | -5.83% |
| Net Income Margin (%) | 10.15% | 21.92% | 115.98% |
| P/E Multiple | 39.34 | 20.49 | -47.91% |
| Shares Outstanding (Mil) | 13.93 | 13.96 | -0.24% |
| Cumulative Contribution | 5.68% |
Market Drivers
6/25/2025 to 12/24/2025| Return | Correlation | |
|---|---|---|
| HQI | 5.7% | |
| Market (SPY) | 14.0% | 22.9% |
| Sector (XLI) | 10.0% | 22.6% |
Fundamental Drivers
The -24.9% change in HQI stock from 12/24/2024 to 12/24/2025 was primarily driven by a -84.0% change in the company's P/E Multiple.| 12242024 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 13.58 | 10.20 | -24.90% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 36.28 | 31.69 | -12.65% |
| Net Income Margin (%) | 4.04% | 21.92% | 442.57% |
| P/E Multiple | 128.16 | 20.49 | -84.01% |
| Shares Outstanding (Mil) | 13.83 | 13.96 | -0.90% |
| Cumulative Contribution | -24.90% |
Market Drivers
12/24/2024 to 12/24/2025| Return | Correlation | |
|---|---|---|
| HQI | -24.9% | |
| Market (SPY) | 15.8% | 27.7% |
| Sector (XLI) | 18.6% | 28.0% |
Fundamental Drivers
The -36.6% change in HQI stock from 12/25/2022 to 12/24/2025 was primarily driven by a -45.9% change in the company's Net Income Margin (%).| 12252022 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 16.09 | 10.20 | -36.60% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 29.43 | 31.69 | 7.68% |
| Net Income Margin (%) | 40.55% | 21.92% | -45.93% |
| P/E Multiple | 18.35 | 20.49 | 11.69% |
| Shares Outstanding (Mil) | 13.61 | 13.96 | -2.56% |
| Cumulative Contribution | -36.64% |
Market Drivers
12/25/2023 to 12/24/2025| Return | Correlation | |
|---|---|---|
| HQI | -35.6% | |
| Market (SPY) | 48.9% | 27.6% |
| Sector (XLI) | 42.7% | 32.1% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HQI Return | 46% | 100% | -20% | -2% | -6% | -32% | 46% |
| Peers Return | -11% | 25% | -7% | 11% | -14% | -41% | -42% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 115% |
Monthly Win Rates [3] | |||||||
| HQI Win Rate | 58% | 58% | 42% | 42% | 42% | 42% | |
| Peers Win Rate | 48% | 55% | 45% | 52% | 42% | 40% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| HQI Max Drawdown | -20% | -6% | -39% | -18% | -23% | -45% | |
| Peers Max Drawdown | -53% | -7% | -28% | -19% | -32% | -47% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: TBI, BBSI, MAN, KELYA, RHI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)
How Low Can It Go
| Event | HQI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -55.1% | -25.4% |
| % Gain to Breakeven | 122.5% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -20.2% | -33.9% |
| % Gain to Breakeven | 25.3% | 51.3% |
| Time to Breakeven | 146 days | 148 days |
| 2018 Correction | ||
| % Loss | -43.7% | -19.8% |
| % Gain to Breakeven | 77.5% | 24.7% |
| Time to Breakeven | 217 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -98.7% | -56.8% |
| % Gain to Breakeven | 7700.0% | 131.3% |
| Time to Breakeven | 3,007 days | 1,480 days |
Compare to PAYX, BBSI, JOB, ADP, DAY
In The Past
HireQuest's stock fell -55.1% during the 2022 Inflation Shock from a high on 6/9/2023. A -55.1% loss requires a 122.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
AI Analysis | Feedback
Here are 1-2 brief analogies for HireQuest (HQI):
- The H&R Block of temporary staffing.
- A franchisor like Subway, but for temporary and industrial staffing services.
AI Analysis | Feedback
- Temporary Staffing Services: Provides businesses with contingent workers for short-term needs, project support, or to manage fluctuating workloads across various industries.
- Temp-to-Hire Staffing Services: Offers clients the ability to evaluate potential permanent employees on a temporary basis before committing to a full-time hire.
- Direct Hire / Permanent Placement Services: Recruits and places qualified candidates directly into full-time, permanent positions for client companies.
AI Analysis | Feedback
HireQuest (symbol: HQI) operates as a franchisor of staffing services. Its primary customers are its independent franchisees, which are other companies that purchase and operate HireQuest staffing branches.
Based on a review of HireQuest's public filings, including its latest Form 10-K, the company does not disclose any specific "major customer companies" (either individual franchisees or the end-user clients of those franchisees) that account for a material portion of its revenue. HireQuest's business model relies on a diverse base of franchisees paying royalty fees, who in turn provide temporary staffing services to a broad range of businesses across various industries.
Therefore, while HireQuest sells primarily to other companies (its franchisees), no specific major customer companies are identified or listed in their disclosures due to the distributed nature of their franchisor business model.
AI Analysis | Feedback
nullAI Analysis | Feedback
Rick Hermanns, Chairman of the Board, President, and Chief Executive Officer
Mr. Hermanns has served as Chairman of the Board, President, and Chief Executive Officer of HireQuest, Inc. since July 2019. He has nearly 30-34 years of experience in the temporary staffing industry. Previously, he served as Chief Executive Officer and Secretary of HireQuest, LLC, since its founding in 2002, and held similar capacities for predecessor entities since July 1991. Before founding HireQuest, Mr. Hermanns was the Chief Financial Officer of Outsource International, formerly known as Labor World USA, Inc., and an Assistant Vice President at NCNB National Bank (now Bank of America). He is also the founder of the Higher Quest Foundation, a non-profit organization, and co-owns a majority stake in Bass Underwriters, Inc., a large managing general insurance agent. Additionally, he has been CEO of Hire Quest Financial, LLC since 2006 and Chairman and President of Hirequest Insurance Co. LLC since 2010.
David Hartley, Chief Financial Officer
Mr. Hartley was appointed Chief Financial Officer of HireQuest, effective May 31, 2025. He joined HireQuest in 2020 to lead the company's acquisition team and execute its growth strategy, later overseeing the Operational Finance department. Before joining HireQuest, Mr. Hartley spent nearly a decade in investment banking, most recently as a vice president at D.A. Davidson Companies, where he worked closely on the 2019 merger between HireQuest and Command Center. Prior to his investment banking career, he was a senior corporate development specialist for a medical device company and a business analyst for an insurance group. He has been instrumental in executing over 15 acquisitions for HireQuest.
Cory Smith, Chief Accounting Officer
Mr. Smith serves as the Chief Accounting Officer of HireQuest, Inc. He joined HireQuest in the summer of 2019 during its merger with Command Center, where he had previously served as Chief Financial Officer. He has been with HireQuest, Inc. since June 2010, initially as a Senior Accountant and later as Corporate Controller for a publicly traded staffing company. From 2015 to 2017, he was the Vice President of Finance at Southeast Staffing. Prior to his work in the temporary staffing industry, Mr. Smith worked as a Certified Public Accountant.
John McAnnar, Chief Legal Officer and Vice President
Mr. McAnnar has held the roles of Chief Legal Officer and Vice President for HireQuest, Inc., and its predecessor, HireQuest, LLC, since 2014. His responsibilities encompass a wide range of legal affairs, including securities, employment, construction, insurance and finance, workers' compensation, and intellectual property. Before his tenure at HireQuest, Mr. McAnnar served in the litigation departments of Carmody MacDonald, P.C., and Armstrong Teasdale, LLP, where he specialized in complex commercial litigation, corporate, and employment law.
David Gerstner, Vice President of Operations
Mr. Gerstner brings nearly 25-30 years of experience in the temporary staffing industry to his role as Vice President of Operations at HireQuest, Inc. He began his staffing career in 1995 as a branch manager for Ameri-Temps. Following acquisitions, he advanced to Florida Regional Manager for Ready Staffing, then managed a broader territory with Able Body Labor, becoming their Director of Operations in 2007. After MDT Personnel acquired Able Body Labor in 2010, Mr. Gerstner became their Vice President of Operations and continued in this role with True Blue after another acquisition in 2013.
AI Analysis | Feedback
The key risks to HireQuest's business include:
-
Economic Downturns and Fluctuations in Demand for Staffing Services
HireQuest's financial performance is significantly impacted by macroeconomic conditions and the overall demand for temporary staffing services. The company has reported a "difficult staffing market" and an "unpredictable economic environment," leading to a "muted hiring landscape" where employers adopt a "wait and see approach to their hiring activities." This directly affects HireQuest's revenue, which is primarily derived from franchise royalty fees.
-
Intense Competition in the Staffing Industry
HireQuest operates in a highly competitive market, facing thousands of active competitors, including major global staffing firms like Randstad, Adecco, and Allegis Group. This intense competition can exert pressure on pricing, market share, and the ability to attract and retain both clients and temporary employees.
-
Dependence on Franchisee Performance and Risks Associated with Acquisitions
As a franchisor, HireQuest's business model relies heavily on the financial performance of its individual franchised offices, as royalty fees are its primary source of revenue. The company's growth strategy also involves acquisitions, which introduce risks related to the successful integration of acquired businesses and the availability of suitable acquisition candidates.
AI Analysis | Feedback
The clear emerging threat for HireQuest is the accelerating rise and adoption of on-demand staffing platforms within the gig economy, specifically those targeting blue-collar, light industrial, and hospitality sectors. Companies such as Instawork, Wonolo, Bluecrew, and Jobble are leveraging technology to directly connect businesses with a flexible workforce for temporary and short-term assignments. This model bypasses traditional staffing agencies and their franchised structures, offering clients faster access to labor, often lower fees due to reduced overhead, and increased transparency through app-based management. For workers, these platforms offer greater flexibility and direct payment. This trend directly challenges HireQuest's established business model, similar to how Uber disrupted traditional taxi services by offering a tech-driven, on-demand alternative.
AI Analysis | Feedback
HireQuest (HQI) primarily operates within the staffing and recruiting services market, offering temporary, direct-hire, and contract staffing solutions across a wide array of industries including construction, light industrial, healthcare, finance, manufacturing, cybersecurity, and engineering.
The addressable markets for HireQuest's main products and services are as follows:
- U.S. Staffing Market: The market size for Office Staffing & Temporary Agencies in the U.S. was approximately $238.8 billion in 2024 and is projected to reach $260.1 billion in 2025. Additionally, the U.S. staffing industry is expected to reach $192 billion by 2024 and generates approximately $198.7 billion annually. The United States accounts for around 31% of the global staffing industry revenue.
- Global Contract or Temporary Staffing Services Market: This market is valued at approximately $480.15 billion in 2025 and is projected to grow to $888.02 billion by 2035, with a compound annual growth rate (CAGR) of 6.7% from 2025 to 2035. North America holds a leading position in this global market, accounting for approximately 37% of the market share.
AI Analysis | Feedback
Expected Drivers of Future Revenue Growth for HireQuest (HQI)
Over the next 2-3 years, HireQuest (HQI) is expected to drive revenue growth through several key initiatives and market dynamics:
- Strategic Acquisitions: A core component of HireQuest's growth strategy involves accretive mergers and acquisitions, aimed at expanding its footprint and service capabilities. The company maintains an active pipeline of potential deals to grow both geographically and in staffing verticals. For example, the acquisition of TEC Staffing Services in Q4 2023 expanded its Snelling operations in Arkansas.
- Expansion of Geographic Footprint: Directly linked to its acquisition strategy and organic efforts, HireQuest is focused on expanding its presence into new geographic markets. This allows the company to reach more clients and leverage its existing franchise model across a wider area.
- Diversification and Growth of Service Offerings: HireQuest operates across various staffing segments, including on-demand, temporary, direct-hire, and executive search, through brands like HireQuest Direct, Snelling, and TradeCorp. The company has also expanded into specialized areas such as dental staffing with the acquisition of Dental Power Staffing and the subsequent development of a franchise offering for this market. Continued focus on these diverse offerings and potentially new verticals is a key driver.
- Stabilization and Recovery in Staffing Markets: Despite a recent "muted hiring landscape," the company has noted a stabilization in the market for temporary staffing solutions, with sequential revenue growth observed in Q3 2024. A continued recovery in the broader staffing industry, particularly in temporary and day labor segments, is expected to positively impact revenue.
AI Analysis | Feedback
Share Repurchases
- HireQuest's 3-year average share buyback ratio was -0.8.
Share Issuance
- HireQuest had approximately 14.0 million shares outstanding at March 20, 2024.
- The number of shares outstanding was 13.9 million as of March 20, 2023.
- As of November 5, 2025, shares outstanding were 14.1 million, representing an increase of 0.87% in one year.
Outbound Investments
- In March 2021, HireQuest acquired Snelling Staffing Services for approximately $17.9 million.
- HireQuest acquired the franchised operations of LINK Staffing for approximately $11 million in cash in March 2021.
- On December 30, 2024, HireQuest completed the acquisition of certain assets of Ready Temporary Staffing, LLC for $1.4 million.
Capital Expenditures
- In the last 12 months (as of October 2025), HireQuest's capital expenditures were -$99,000.
Latest Trefis Analyses
| Title | Topic | |
|---|---|---|
| DASHBOARDS | ||
| HireQuest Earnings Notes | ||
| With HireQuest Stock Sliding, Have You Assessed The Risk? | Return |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to HQI. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 18.7% | 18.7% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.7% | 4.7% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 6.9% | 6.9% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.6% | 2.6% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 6.0% | 6.0% | -0.4% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for HireQuest
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 18.87 |
| Mkt Cap | 0.6 |
| Rev LTM | 2,988 |
| Op Inc LTM | 58 |
| FCF LTM | 20 |
| FCF 3Y Avg | 41 |
| CFO LTM | 29 |
| CFO 3Y Avg | 55 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -3.9% |
| Rev Chg 3Y Avg | -4.4% |
| Rev Chg Q | -2.6% |
| QoQ Delta Rev Chg LTM | -0.7% |
| Op Mgn LTM | 1.7% |
| Op Mgn 3Y Avg | 3.3% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 3.0% |
| CFO/Rev 3Y Avg | 2.3% |
| FCF/Rev LTM | 2.2% |
| FCF/Rev 3Y Avg | 1.5% |
Price Behavior
| Market Price | $10.20 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 02/23/2007 | |
| Distance from 52W High | -32.1% | |
| 50 Days | 200 Days | |
| DMA Price | $8.62 | $9.73 |
| DMA Trend | down | down |
| Distance from DMA | 18.4% | 4.8% |
| 3M | 1YR | |
| Volatility | 67.1% | 52.4% |
| Downside Capture | 99.79 | 121.67 |
| Upside Capture | 102.00 | 75.71 |
| Correlation (SPY) | 18.5% | 27.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.72 | 0.80 | 0.87 | 1.09 | 0.72 | 0.94 |
| Up Beta | -1.12 | 0.14 | 1.22 | 1.57 | 0.42 | 0.81 |
| Down Beta | -1.24 | 1.01 | 0.89 | 1.34 | 0.89 | 0.92 |
| Up Capture | 156% | 38% | 28% | 42% | 40% | 54% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 9 | 20 | 28 | 58 | 114 | 350 |
| Down Capture | 132% | 119% | 109% | 118% | 112% | 105% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 11 | 22 | 35 | 67 | 132 | 392 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of HQI With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| HQI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -25.5% | 20.9% | 19.2% | 71.9% | 8.9% | 6.0% | -10.4% |
| Annualized Volatility | 52.2% | 18.8% | 19.5% | 19.3% | 15.3% | 17.1% | 35.0% |
| Sharpe Ratio | -0.39 | 0.87 | 0.78 | 2.69 | 0.36 | 0.18 | -0.12 |
| Correlation With Other Assets | 28.2% | 27.6% | 5.7% | -0.3% | 35.3% | 12.9% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of HQI With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| HQI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 1.8% | 14.0% | 14.9% | 18.7% | 11.7% | 4.8% | 32.6% |
| Annualized Volatility | 53.7% | 17.2% | 17.1% | 15.5% | 18.7% | 18.9% | 48.7% |
| Sharpe Ratio | 0.24 | 0.66 | 0.70 | 0.97 | 0.51 | 0.17 | 0.59 |
| Correlation With Other Assets | 26.1% | 26.1% | -0.4% | 4.2% | 24.5% | 12.4% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of HQI With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| HQI | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 9.7% | 13.4% | 14.7% | 14.9% | 6.9% | 5.2% | 69.2% |
| Annualized Volatility | 56.2% | 19.9% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.39 | 0.60 | 0.70 | 0.83 | 0.31 | 0.22 | 0.90 |
| Correlation With Other Assets | 15.9% | 17.2% | 0.2% | 3.8% | 14.9% | 8.5% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | 15.5% | 13.4% | -1.0% |
| 8/7/2025 | -1.0% | -5.4% | 2.3% |
| 3/27/2025 | -9.1% | -11.9% | -25.0% |
| 11/7/2024 | 2.5% | 3.5% | 6.1% |
| 8/8/2024 | 10.5% | 12.0% | 14.3% |
| 3/21/2024 | -1.2% | 3.5% | -2.5% |
| 11/8/2023 | -18.1% | -11.4% | 2.0% |
| 8/10/2023 | -24.6% | -24.9% | -30.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 9 | 11 |
| # Negative | 9 | 9 | 7 |
| Median Positive | 4.3% | 8.3% | 10.6% |
| Median Negative | -4.0% | -8.7% | -2.5% |
| Max Positive | 18.4% | 16.0% | 17.0% |
| Max Negative | -24.6% | -24.9% | -30.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11062025 | 10-Q 9/30/2025 |
| 6302025 | 8072025 | 10-Q 6/30/2025 |
| 3312025 | 5082025 | 10-Q 3/31/2025 |
| 12312024 | 3272025 | 10-K 12/31/2024 |
| 9302024 | 11082024 | 10-Q 9/30/2024 |
| 6302024 | 8082024 | 10-Q 6/30/2024 |
| 3312024 | 5092024 | 10-Q 3/31/2024 |
| 12312023 | 3212024 | 10-K 12/31/2023 |
| 9302023 | 11082023 | 10-Q 9/30/2023 |
| 6302023 | 8102023 | 10-Q 6/30/2023 |
| 3312023 | 5112023 | 10-Q 3/31/2023 |
| 12312022 | 3212023 | 10-K 12/31/2022 |
| 9302022 | 11042022 | 10-Q 9/30/2022 |
| 6302022 | 8092022 | 10-Q 6/30/2022 |
| 3312022 | 5102022 | 10-Q 3/31/2022 |
| 12312021 | 3152022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.