LCTX vs QQQ: Correlation
Measured on weekly returns over the past three years, Lineage Cell Therapeutics, Inc. (LCTX) and Invesco QQQ Trust (QQQ) carry a correlation of 0.16, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LCTX and QQQ?
Across a 3-year window, the weekly returns of LCTX and QQQ correlate at 0.16, weak. The past 12 months show a tighter link (0.28) than the 3-year average (0.16). Stretching to 5 years gives 0.22, with an annualized covariance of 228.6 %².
Among the 11 assets we track against LCTX, QQQ sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with QQQ ahead by 31.2 points (-4.9% versus +26.3%). Note the risk asymmetry: LCTX runs 3.7 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.
LCTX vs QQQ: side by side
| LCTX (Lineage Cell Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -4.9% | +26.3% |
| 5-year return | -52.7% | +95.4% |
| Volatility (ann.) | 72.1% | 19.6% |
| Beta vs S&P 500 | 1.00 | 1.28 |
| Max drawdown (3Y) | -73.6% | -22.8% |
| Market cap | $0.3B | – |
| 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 | LCTX | QQQ |
|---|---|---|
| 2022 | -52.2% | -32.6% |
| 2023 | -6.8% | +54.9% |
| 2024 | -54.1% | +25.6% |
| 2025 | +234.0% | +20.8% |
| 2026 | -30.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LCTX and QQQ good diversifiers for each other?
Yes: at 0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LCTX and QQQ?
Using weekly returns as of 2026-08-27: 0.16 over 3 years, with 0.28 over the last year and 0.22 over 5 years.
Is QQQ a good diversifier for LCTX?
Yes: at 0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.16 mean?
A reading of 0.16 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/lctx-vs-qqq.json
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[](https://www.pairbook.io/pair/lctx-vs-qqq/)
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Related comparisons
Hubs: LCTX correlations · QQQ correlations
