LEVI vs QQQ: Correlation
Levi Strauss & Co (LEVI) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEVI and QQQ?
On 3 years of weekly data the LEVI/QQQ correlation comes out at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 250.7 %².
Among the 12 assets we track against LEVI, QQQ sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 28.8 percentage points (-2.5% for LEVI against +26.3% for QQQ). Note the risk asymmetry: LEVI runs 1.8 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.
LEVI vs QQQ: side by side
| LEVI (Levi Strauss & Co) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -2.5% | +26.3% |
| 5-year return | -10.8% | +95.4% |
| Volatility (ann.) | 35.5% | 19.6% |
| Beta vs S&P 500 | 1.05 | 1.28 |
| Max drawdown (3Y) | -47.5% | -22.8% |
| Market cap | $8.1B | – |
| P/E (trailing) | 15.4 | – |
| Dividend yield | 2.61% | 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 | LEVI | QQQ |
|---|---|---|
| 2022 | -36.5% | -32.6% |
| 2023 | +10.0% | +54.9% |
| 2024 | +7.5% | +25.6% |
| 2025 | +23.4% | +20.8% |
| 2026 | +3.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEVI and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LEVI and QQQ?
As of 2026-08-27, the correlation of weekly returns between LEVI and QQQ is 0.36 over 3 years, 0.34 over 1 year and 0.48 over 5 years.
Is QQQ a good diversifier for LEVI?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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.
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Related comparisons
Hubs: LEVI correlations · QQQ correlations
