LBTYA vs QQQ: Correlation
Measured on weekly returns over the past three years, Liberty Global Ltd. - Class A (LBTYA) and Invesco QQQ Trust (QQQ) carry a correlation of 0.14, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LBTYA and QQQ?
On 3 years of weekly data the LBTYA/QQQ correlation comes out at 0.14, weak. Little has changed lately, as the 1-year reading of 0.21 lands near the 3-year figure. The 5-year figure is 0.32, and annualized covariance runs at 86.2 %².
QQQ is close to the least connected end of LBTYA's tracked universe, ranking #7 of 10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 36.9 percentage points (-10.6% for LBTYA against +26.3% for QQQ). Risk is not evenly split, since LBTYA carries 1.6 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.
LBTYA vs QQQ: side by side
| LBTYA (Liberty Global Ltd. - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -10.6% | +26.3% |
| 5-year return | -28.1% | +95.4% |
| Volatility (ann.) | 30.5% | 19.6% |
| Beta vs S&P 500 | 0.49 | 1.28 |
| Max drawdown (3Y) | -35.7% | -22.8% |
| Market cap | $3.6B | – |
| 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 | LBTYA | QQQ |
|---|---|---|
| 2022 | -31.8% | -32.6% |
| 2023 | -6.1% | +54.9% |
| 2024 | +39.4% | +25.6% |
| 2025 | -12.7% | +20.8% |
| 2026 | -5.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LBTYA and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
FAQ
What is the correlation between LBTYA and QQQ?
Using weekly returns as of 2026-08-27: 0.14 over 3 years, with 0.21 over the last year and 0.32 over 5 years.
Is QQQ a good diversifier for LBTYA?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
What does a correlation of 0.14 mean?
A reading of 0.14 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/lbtya-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lbtya-vs-qqq/)
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Related comparisons
Hubs: LBTYA correlations · QQQ correlations
