LEG vs QQQ: Correlation
How closely do Leggett & Platt, Incorporated (LEG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.27, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEG and QQQ?
Across a 3-year window, the weekly returns of LEG and QQQ correlate at 0.27, weak. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. Stretching to 5 years gives 0.33, with an annualized covariance of 253.9 %².
Out of 16 assets tracked against LEG, QQQ lands near the bottom at #13. On 12-month performance QQQ holds a 13.6-point edge, +12.7% against +26.3%. Risk is not evenly split, since LEG carries 2.5 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.
LEG vs QQQ: side by side
| LEG (Leggett & Platt, Incorporated) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +12.7% | +26.3% |
| 5-year return | -72.6% | +95.4% |
| Volatility (ann.) | 48.5% | 19.6% |
| Beta vs S&P 500 | 1.29 | 1.28 |
| Max drawdown (3Y) | -76.8% | -22.8% |
| Market cap | $1.3B | – |
| P/E (trailing) | 5.9 | – |
| Dividend yield | 2.15% | 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 | LEG | QQQ |
|---|---|---|
| 2022 | -17.8% | -32.6% |
| 2023 | -13.5% | +54.9% |
| 2024 | -61.9% | +25.6% |
| 2025 | +17.0% | +20.8% |
| 2026 | +1.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEG and QQQ good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LEG and QQQ?
The LEG/QQQ correlation stands at 0.27 on a 3-year window (1 year: 0.31, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LEG?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 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/leg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/leg-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LEG correlations · QQQ correlations
