LEN vs QQQ: Correlation
How closely do Lennar (LEN) 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 LEN and QQQ?
Across a 3-year window, the weekly returns of LEN and QQQ correlate at 0.27, weak. Recent behaviour matches the longer record: 0.20 over 1 year against 0.27 over 3. Stretching to 5 years gives 0.45, with an annualized covariance of 173.2 %².
Among the 40 assets we track against LEN, QQQ ranks #29 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 61.2 points (-34.9% versus +26.3%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.08 and 0.68 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since LEN carries 1.7 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.
LEN vs QQQ: side by side
| LEN (Lennar) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -34.9% | +26.3% |
| 5-year return | -11.7% | +95.4% |
| Volatility (ann.) | 32.6% | 19.6% |
| Beta vs S&P 500 | 0.84 | 1.28 |
| Max drawdown (3Y) | -54.5% | -22.8% |
| Market cap | $20.5B | – |
| P/E (trailing) | 13.7 | – |
| Dividend yield | 2.29% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Discretionary | 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 | LEN | QQQ |
|---|---|---|
| 2022 | -20.6% | -32.6% |
| 2023 | +66.9% | +54.9% |
| 2024 | -7.3% | +25.6% |
| 2025 | -20.8% | +20.8% |
| 2026 | -15.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEN and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LEN and QQQ?
As of 2026-08-27, the correlation of weekly returns between LEN and QQQ is 0.27 over 3 years, 0.20 over 1 year and 0.45 over 5 years.
Is QQQ a good diversifier for LEN?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 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
$ curl https://www.pairbook.io/api/v1/pairs/len-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/len-vs-qqq/)
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Related comparisons
Hubs: LEN correlations · QQQ correlations
