LCFY vs QQQ: Correlation
Measured on weekly returns over the past three years, Locafy Limited (LCFY) and Invesco QQQ Trust (QQQ) carry a correlation of 0.15, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LCFY and QQQ?
On 3 years of weekly data the LCFY/QQQ correlation comes out at 0.15, weak. The past 12 months show a tighter link (0.28) than the 3-year average (0.15). The 5-year figure is 0.15, and annualized covariance runs at 510.0 %².
Out of 16 assets tracked against LCFY, QQQ lands near the bottom at #13. The last year tells two different stories: QQQ led by 73.2 percentage points, -46.9% for LCFY against +26.3% for QQQ. Risk is not evenly split, since LCFY carries 8.7 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.
LCFY vs QQQ: side by side
| LCFY (Locafy Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -46.9% | +26.3% |
| 5-year return | -96.6% | +95.4% |
| Volatility (ann.) | 170.8% | 19.6% |
| Beta vs S&P 500 | 2.20 | 1.28 |
| Max drawdown (3Y) | -77.4% | -22.8% |
| Market cap | – | – |
| 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 | LCFY | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +53.8% | +54.9% |
| 2024 | -24.3% | +25.6% |
| 2025 | -59.2% | +20.8% |
| 2026 | -18.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LCFY and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between LCFY and QQQ?
As of 2026-08-27, the correlation of weekly returns between LCFY and QQQ is 0.15 over 3 years, 0.28 over 1 year and 0.15 over 5 years.
Is QQQ a good diversifier for LCFY?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
What does a correlation of 0.15 mean?
On the −1 to +1 scale, 0.15 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: LCFY correlations · QQQ correlations
