LBTYB vs QQQ: Correlation
Measured on weekly returns over the past three years, Liberty Global Ltd. - Class B (LBTYB) and Invesco QQQ Trust (QQQ) carry a correlation of 0.03, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LBTYB and QQQ?
On 3 years of weekly data the LBTYB/QQQ correlation comes out at 0.03, near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.06 over 1 year against 0.03 over 3. The 5-year figure is 0.04, and annualized covariance runs at 35.6 %².
By 3-year correlation, QQQ places #7 of the 22 assets tracked against LBTYB. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 15.8 percentage points (+10.5% for LBTYB against +26.3% for QQQ). One caveat on sizing: LBTYB is 2.9 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.
LBTYB vs QQQ: side by side
| LBTYB (Liberty Global Ltd. - Class B) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +10.5% | +26.3% |
| 5-year return | -55.0% | +95.4% |
| Volatility (ann.) | 57.5% | 19.6% |
| Beta vs S&P 500 | 0.32 | 1.28 |
| Max drawdown (3Y) | -58.2% | -22.8% |
| Market cap | $4.4B | – |
| 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 | LBTYB | QQQ |
|---|---|---|
| 2022 | -32.5% | -32.6% |
| 2023 | -6.3% | +54.9% |
| 2024 | -27.3% | +25.6% |
| 2025 | -8.7% | +20.8% |
| 2026 | +9.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LBTYB and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
FAQ
What is the correlation between LBTYB and QQQ?
As of 2026-08-27, the correlation of weekly returns between LBTYB and QQQ is 0.03 over 3 years, -0.06 over 1 year and 0.04 over 5 years.
Is QQQ a good diversifier for LBTYB?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
What does a correlation of 0.03 mean?
A reading of 0.03 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/lbtyb-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lbtyb-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LBTYB correlations · QQQ correlations
