LAD vs QQQ: Correlation
Measured on weekly returns over the past three years, Lithia Motors, Inc. (LAD) and Invesco QQQ Trust (QQQ) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAD and QQQ?
Over the past 3 years, LAD and QQQ moved with a correlation of 0.36, which is moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.36). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 246.7 %².
QQQ is close to the least connected end of LAD's tracked universe, ranking #11 of 15. The last year tells two different stories: QQQ led by 16.3 percentage points, +10.0% for LAD against +26.3% for QQQ. One caveat on sizing: LAD is 1.8 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.
LAD vs QQQ: side by side
| LAD (Lithia Motors, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +10.0% | +26.3% |
| 5-year return | +17.3% | +95.4% |
| Volatility (ann.) | 35.4% | 19.6% |
| Beta vs S&P 500 | 1.11 | 1.28 |
| Max drawdown (3Y) | -37.8% | -22.8% |
| Market cap | $8.2B | – |
| P/E (trailing) | 12.3 | – |
| Dividend yield | 0.64% | 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 | LAD | QQQ |
|---|---|---|
| 2022 | -30.6% | -32.6% |
| 2023 | +62.0% | +54.9% |
| 2024 | +9.3% | +25.6% |
| 2025 | -6.3% | +20.8% |
| 2026 | +12.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAD and QQQ good diversifiers for each other?
Reasonably. At 0.36, LAD and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LAD and QQQ?
The LAD/QQQ correlation stands at 0.36 on a 3-year window (1 year: 0.24, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LAD?
Reasonably. At 0.36, LAD and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/lad-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lad-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LAD correlations · QQQ correlations
