LENZ vs QQQ: Correlation
LENZ Therapeutics, Inc. (LENZ) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LENZ and QQQ?
Over the past 3 years, LENZ and QQQ moved with a correlation of 0.21, which is weak. The link has tightened recently: the 1-year correlation (0.33) runs above the 3-year figure (0.21). Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 330.1 %².
Out of 10 assets tracked against LENZ, QQQ lands near the bottom at #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 113.4 points (-87.1% versus +26.3%). Note the risk asymmetry: LENZ runs 4.0 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.
LENZ vs QQQ: side by side
| LENZ (LENZ Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -87.1% | +26.3% |
| 5-year return | -92.9% | +95.4% |
| Volatility (ann.) | 78.6% | 19.6% |
| Beta vs S&P 500 | 1.26 | 1.28 |
| Max drawdown (3Y) | -90.6% | -22.8% |
| Market cap | $0.2B | – |
| 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 | LENZ | QQQ |
|---|---|---|
| 2022 | -73.3% | -32.6% |
| 2023 | -21.1% | +54.9% |
| 2024 | +230.7% | +25.6% |
| 2025 | -44.6% | +20.8% |
| 2026 | -69.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LENZ and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LENZ and QQQ?
As of 2026-08-27, the correlation of weekly returns between LENZ and QQQ is 0.21 over 3 years, 0.33 over 1 year and 0.22 over 5 years.
Is QQQ a good diversifier for LENZ?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.21 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/lenz-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lenz-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LENZ correlations · QQQ correlations
