LAB vs QQQ: Correlation
Measured on weekly returns over the past three years, Standard BioTools Inc. (LAB) and Invesco QQQ Trust (QQQ) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAB and QQQ?
Across a 3-year window, the weekly returns of LAB and QQQ correlate at 0.27, weak. Little has changed lately, as the 1-year reading of 0.24 lands near the 3-year figure. Stretching to 5 years gives 0.34, with an annualized covariance of 369.6 %².
Among the 11 assets we track against LAB, QQQ sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with QQQ ahead by 75.3 points (-49.0% versus +26.3%). One caveat on sizing: LAB is 3.5 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.
LAB vs QQQ: side by side
| LAB (Standard BioTools Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -49.0% | +26.3% |
| 5-year return | -90.9% | +95.4% |
| Volatility (ann.) | 69.2% | 19.6% |
| Beta vs S&P 500 | 1.55 | 1.28 |
| Max drawdown (3Y) | -78.7% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| 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 | LAB | QQQ |
|---|---|---|
| 2022 | -70.2% | -32.6% |
| 2023 | +88.9% | +54.9% |
| 2024 | -20.8% | +25.6% |
| 2025 | -26.9% | +20.8% |
| 2026 | -49.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAB and QQQ good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LAB and QQQ?
The LAB/QQQ correlation stands at 0.27 on a 3-year window (1 year: 0.24, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LAB?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
A reading of 0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lab-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lab-vs-qqq/)
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Related comparisons
Hubs: LAB correlations · QQQ correlations
