JLL vs QQQ: Correlation
Measured on weekly returns over the past three years, Jones Lang LaSalle Incorporated (JLL) and Invesco QQQ Trust (QQQ) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JLL and QQQ?
On 3 years of weekly data the JLL/QQQ correlation comes out at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.41 over 3 years. The 5-year figure is 0.50, and annualized covariance runs at 279.4 %².
By 3-year correlation, QQQ places #20 of the 26 assets tracked against JLL. Neither side won the trailing year by much: +23.8% against +26.3%. Note the risk asymmetry: JLL runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
JLL vs QQQ: side by side
| JLL (Jones Lang LaSalle Incorporated) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +23.8% | +26.3% |
| 5-year return | +55.9% | +95.4% |
| Volatility (ann.) | 34.9% | 19.6% |
| Beta vs S&P 500 | 1.30 | 1.28 |
| Max drawdown (3Y) | -30.6% | -22.8% |
| Market cap | $17.4B | – |
| P/E (trailing) | 18.5 | – |
| 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 | JLL | QQQ |
|---|---|---|
| 2022 | -40.8% | -32.6% |
| 2023 | +18.5% | +54.9% |
| 2024 | +34.0% | +25.6% |
| 2025 | +32.9% | +20.8% |
| 2026 | +12.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JLL and QQQ good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between JLL and QQQ?
The JLL/QQQ correlation stands at 0.41 on a 3-year window (1 year: 0.24, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for JLL?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: JLL correlations · QQQ correlations
