LB vs QQQ: Correlation
LandBridge Company LLC Class A Shares Representing Limited (LB) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LB and QQQ?
On 3 years of weekly data the LB/QQQ correlation comes out at 0.28, weak. The past 12 months show a weaker link (-0.05) than the 3-year average (0.28). The 5-year figure is n/a, and annualized covariance runs at 362.7 %².
By 3-year correlation, QQQ places #8 of the 15 assets tracked against LB. The last year tells two different stories: LB led by 46.9 percentage points, +73.2% for LB against +26.3% for QQQ. One caveat on sizing: LB is 3.2 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.
LB vs QQQ: side by side
| LB (LandBridge Company LLC Class A Shares Representing Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +73.2% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 63.4% | 19.6% |
| Beta vs S&P 500 | 1.65 | 1.28 |
| Max drawdown (3Y) | -48.2% | -22.8% |
| Market cap | $6.9B | – |
| P/E (trailing) | 79.0 | – |
| Dividend yield | 0.50% | 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 | LB | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | -23.7% | +20.8% |
| 2026 | +82.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LB and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LB and QQQ?
As of 2026-08-27, the correlation of weekly returns between LB and QQQ is 0.28 over 3 years, -0.05 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for LB?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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
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Related comparisons
Hubs: LB correlations · QQQ correlations
