LAES vs QQQ: Correlation
Measured on weekly returns over the past three years, SEALSQ Corp (LAES) and Invesco QQQ Trust (QQQ) carry a correlation of 0.13, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAES and QQQ?
Across a 3-year window, the weekly returns of LAES and QQQ correlate at 0.13, weak. Lately the two have moved closer together, with the 1-year correlation at 0.48 versus 0.13 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 674.8 %².
Among the 26 assets we track against LAES, QQQ ranks #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 30.7 points (-4.4% versus +26.3%). Risk is not evenly split, since LAES carries 13.3 times the volatility of the other side.
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.
LAES vs QQQ: side by side
| LAES (SEALSQ Corp) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -4.4% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 261.5% | 19.6% |
| Beta vs S&P 500 | 1.57 | 1.28 |
| Max drawdown (3Y) | -94.5% | -22.8% |
| Market cap | $0.6B | – |
| 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 | LAES | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | +380.5% | +25.6% |
| 2025 | -38.5% | +20.8% |
| 2026 | -31.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAES and QQQ good diversifiers for each other?
Yes. With a correlation of 0.13, LAES and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LAES and QQQ?
As of 2026-08-27, the correlation of weekly returns between LAES and QQQ is 0.13 over 3 years, 0.48 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for LAES?
Yes. With a correlation of 0.13, LAES and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.13 mean?
A reading of 0.13 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/laes-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/laes-vs-qqq/)
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Related comparisons
Hubs: LAES correlations · QQQ correlations
