LAZ vs QQQ: Correlation
How closely do Lazard, Inc. (LAZ) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAZ and QQQ?
Over the past 3 years, LAZ and QQQ moved with a correlation of 0.47, which is moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 335.3 %².
Within LAZ's tracked universe of 14 assets, QQQ comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 48.2 points (-21.9% versus +26.3%). Risk is not evenly split, since LAZ carries 1.9 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.
LAZ vs QQQ: side by side
| LAZ (Lazard, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -21.9% | +26.3% |
| 5-year return | +14.6% | +95.4% |
| Volatility (ann.) | 36.4% | 19.6% |
| Beta vs S&P 500 | 1.49 | 1.28 |
| Max drawdown (3Y) | -44.2% | -22.8% |
| Market cap | $4.2B | – |
| P/E (trailing) | 21.1 | – |
| Dividend yield | 4.67% | 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 | LAZ | QQQ |
|---|---|---|
| 2022 | -16.2% | -32.6% |
| 2023 | +6.9% | +54.9% |
| 2024 | +54.8% | +25.6% |
| 2025 | -1.6% | +20.8% |
| 2026 | -8.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAZ and QQQ good diversifiers for each other?
Reasonably. At 0.47, LAZ and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LAZ and QQQ?
The LAZ/QQQ correlation stands at 0.47 on a 3-year window (1 year: 0.45, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LAZ?
Reasonably. At 0.47, LAZ and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/laz-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/laz-vs-qqq/)
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Related comparisons
Hubs: LAZ correlations · QQQ correlations
