LCNB vs QQQ: Correlation
LCNB Corporation (LCNB) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.11.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LCNB and QQQ?
On 3 years of weekly data the LCNB/QQQ correlation comes out at 0.11, weak. Lately the two have drifted apart, with the 1-year correlation at -0.05 versus 0.11 over 3 years. The 5-year figure is 0.12, and annualized covariance runs at 61.3 %².
QQQ is close to the least connected end of LCNB's tracked universe, ranking #11 of 14. Twelve-month performance is nearly a tie, at +27.4% for LCNB and +26.3% for QQQ. Note the risk asymmetry: LCNB runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LCNB vs QQQ: side by side
| LCNB (LCNB Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +27.4% | +26.3% |
| 5-year return | +43.8% | +95.4% |
| Volatility (ann.) | 29.6% | 19.6% |
| Beta vs S&P 500 | 0.49 | 1.28 |
| Max drawdown (3Y) | -23.8% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 11.2 | – |
| Dividend yield | 4.59% | 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 | LCNB | QQQ |
|---|---|---|
| 2022 | -3.4% | -32.6% |
| 2023 | -7.5% | +54.9% |
| 2024 | +1.7% | +25.6% |
| 2025 | +14.7% | +20.8% |
| 2026 | +21.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LCNB and QQQ good diversifiers for each other?
Yes. With a correlation of 0.11, LCNB and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LCNB and QQQ?
Using weekly returns as of 2026-08-27: 0.11 over 3 years, with -0.05 over the last year and 0.12 over 5 years.
Is QQQ a good diversifier for LCNB?
Yes. With a correlation of 0.11, LCNB and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.11 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lcnb-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lcnb-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LCNB correlations · QQQ correlations
