LBTYK vs QQQ: Correlation
Measured on weekly returns over the past three years, Liberty Global Ltd. - Class C (LBTYK) and Invesco QQQ Trust (QQQ) carry a correlation of 0.13, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LBTYK and QQQ?
On 3 years of weekly data the LBTYK/QQQ correlation comes out at 0.13, weak. Little has changed lately, as the 1-year reading of 0.22 lands near the 3-year figure. The 5-year figure is 0.31, and annualized covariance runs at 77.1 %².
QQQ is close to the least connected end of LBTYK's tracked universe, ranking #7 of 10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 40.7 percentage points (-14.4% for LBTYK against +26.3% for QQQ). Risk is not evenly split, since LBTYK carries 1.5 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.
LBTYK vs QQQ: side by side
| LBTYK (Liberty Global Ltd. - Class C) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -14.4% | +26.3% |
| 5-year return | -31.3% | +95.4% |
| Volatility (ann.) | 29.7% | 19.6% |
| Beta vs S&P 500 | 0.45 | 1.28 |
| Max drawdown (3Y) | -36.4% | -22.8% |
| Market cap | $3.5B | – |
| 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 | LBTYK | QQQ |
|---|---|---|
| 2022 | -30.8% | -32.6% |
| 2023 | -4.1% | +54.9% |
| 2024 | +34.6% | +25.6% |
| 2025 | -16.0% | +20.8% |
| 2026 | -6.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LBTYK and QQQ good diversifiers for each other?
Yes. With a correlation of 0.13, LBTYK and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LBTYK and QQQ?
The LBTYK/QQQ correlation stands at 0.13 on a 3-year window (1 year: 0.22, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LBTYK?
Yes. With a correlation of 0.13, LBTYK and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.13 mean?
On the −1 to +1 scale, 0.13 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/lbtyk-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lbtyk-vs-qqq/)
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Related comparisons
Hubs: LBTYK correlations · QQQ correlations
