A hydrometer is a floating device that measure the density of the solution rleative to water (yes)
The trub and the hops are not in solution (?)
Neither is the hydrometer. ( I hope)
The error from reading (meniscus, temperature, calibration,parallax..glass or plastic and thickness) is of a far higher order than a bit of trub, and if you are worried, settle and decant.
Your starting gravity is merely how dense your wort is, not how fermentable it is. I could for example make a solution of lactose and water to 1040, it would read 1040 on my hydrometer, and probably close to that on a refractometer, what do you think would happen during "fermentation"?
The enzymatic activity during the mash determines the types and amounts of sugars that are created, yeast can only work with what it has.
It's all pretty simple if you think about it.
K