LDOS vs QQQ: Correlation
Measured on weekly returns over the past three years, Leidos (LDOS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LDOS and QQQ?
On 3 years of weekly data the LDOS/QQQ correlation comes out at 0.31, moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.31). The 5-year figure is 0.31, and annualized covariance runs at 193.4 %².
Within LDOS's tracked universe of 36 assets, QQQ comes in at #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 49.2 percentage points (-22.9% for LDOS against +26.3% for QQQ). On a rolling one-year basis the correlation drifted between 0.15 and 0.48, a moderate band. Note the risk asymmetry: LDOS runs 1.6 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.
LDOS vs QQQ: side by side
| LDOS (Leidos) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -22.9% | +26.3% |
| 5-year return | +52.1% | +95.4% |
| Volatility (ann.) | 31.4% | 19.6% |
| Beta vs S&P 500 | 0.87 | 1.28 |
| Max drawdown (3Y) | -49.5% | -22.8% |
| Market cap | $17.6B | – |
| P/E (trailing) | 12.8 | – |
| Dividend yield | 1.23% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | 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 | LDOS | QQQ |
|---|---|---|
| 2022 | +20.0% | -32.6% |
| 2023 | +4.5% | +54.9% |
| 2024 | +34.5% | +25.6% |
| 2025 | +26.5% | +20.8% |
| 2026 | -22.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LDOS and QQQ good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LDOS and QQQ?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.19 over the last year and 0.31 over 5 years.
Is QQQ a good diversifier for LDOS?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
A reading of 0.31 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/ldos-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ldos-vs-qqq/)
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Related comparisons
Hubs: LDOS correlations · QQQ correlations
