LAKE vs QQQ: Correlation
How closely do Lakeland Industries, Inc. (LAKE) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAKE and QQQ?
On 3 years of weekly data the LAKE/QQQ correlation comes out at 0.34, moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. The 5-year figure is 0.28, and annualized covariance runs at 361.2 %².
By 3-year correlation, QQQ places #7 of the 12 assets tracked against LAKE. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 48.8 percentage points (-22.5% for LAKE against +26.3% for QQQ). Risk is not evenly split, since LAKE carries 2.8 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.
LAKE vs QQQ: side by side
| LAKE (Lakeland Industries, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -22.5% | +26.3% |
| 5-year return | -49.3% | +95.4% |
| Volatility (ann.) | 55.0% | 19.6% |
| Beta vs S&P 500 | 1.32 | 1.28 |
| Max drawdown (3Y) | -71.2% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.76% | 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 | LAKE | QQQ |
|---|---|---|
| 2022 | -38.7% | -32.6% |
| 2023 | +40.6% | +54.9% |
| 2024 | +38.7% | +25.6% |
| 2025 | -65.2% | +20.8% |
| 2026 | +35.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAKE and QQQ good diversifiers for each other?
Reasonably. At 0.34, LAKE and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LAKE and QQQ?
The LAKE/QQQ correlation stands at 0.34 on a 3-year window (1 year: 0.40, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LAKE?
Reasonably. At 0.34, LAKE and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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: LAKE correlations · QQQ correlations
