LAND vs QQQ: Correlation
Measured on weekly returns over the past three years, Gl (LAND) and Invesco QQQ Trust (QQQ) carry a correlation of 0.18, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAND and QQQ?
Over the past 3 years, LAND and QQQ moved with a correlation of 0.18, which is weak. Recent behaviour matches the longer record: 0.08 over 1 year against 0.18 over 3. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 96.1 %².
Out of 13 assets tracked against LAND, QQQ lands near the bottom at #9. The last year tells two different stories: QQQ led by 23.2 percentage points, +3.1% for LAND against +26.3% for QQQ.
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.
LAND vs QQQ: side by side
| LAND (Gl) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +3.1% | +26.3% |
| 5-year return | -53.7% | +95.4% |
| Volatility (ann.) | 26.6% | 19.6% |
| Beta vs S&P 500 | 0.52 | 1.28 |
| Max drawdown (3Y) | -41.6% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 6.31% | 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 | LAND | QQQ |
|---|---|---|
| 2022 | -44.4% | -32.6% |
| 2023 | -18.5% | +54.9% |
| 2024 | -21.6% | +25.6% |
| 2025 | -10.7% | +20.8% |
| 2026 | +0.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAND and QQQ good diversifiers for each other?
Yes. With a correlation of 0.18, LAND and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LAND and QQQ?
As of 2026-08-27, the correlation of weekly returns between LAND and QQQ is 0.18 over 3 years, 0.08 over 1 year and 0.37 over 5 years.
Is QQQ a good diversifier for LAND?
Yes. With a correlation of 0.18, LAND and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.18 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: LAND correlations · QQQ correlations
