LEU vs QQQ: Correlation
Measured on weekly returns over the past three years, Centrus Energy Corp. (LEU) and Invesco QQQ Trust (QQQ) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEU and QQQ?
Over the past 3 years, LEU and QQQ moved with a correlation of 0.29, which is weak. The link has tightened recently: the 1-year correlation (0.49) runs above the 3-year figure (0.29). Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 474.4 %².
Among the 14 assets we track against LEU, QQQ ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 28.1 percentage points (-1.8% for LEU against +26.3% for QQQ). One caveat on sizing: LEU is 4.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LEU vs QQQ: side by side
| LEU (Centrus Energy Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -1.8% | +26.3% |
| 5-year return | +636.7% | +95.4% |
| Volatility (ann.) | 84.8% | 19.6% |
| Beta vs S&P 500 | 1.67 | 1.28 |
| Max drawdown (3Y) | -66.4% | -22.8% |
| Market cap | $3.9B | – |
| P/E (trailing) | 98.9 | – |
| 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 | LEU | QQQ |
|---|---|---|
| 2022 | -34.9% | -32.6% |
| 2023 | +67.5% | +54.9% |
| 2024 | +22.4% | +25.6% |
| 2025 | +264.4% | +20.8% |
| 2026 | -19.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEU and QQQ good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LEU and QQQ?
As of 2026-08-27, the correlation of weekly returns between LEU and QQQ is 0.29 over 3 years, 0.49 over 1 year and 0.26 over 5 years.
Is QQQ a good diversifier for LEU?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
A reading of 0.29 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
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[](https://www.pairbook.io/pair/leu-vs-qqq/)
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Related comparisons
Hubs: LEU correlations · QQQ correlations
