LEXX vs QQQ: Correlation
Measured on weekly returns over the past three years, Lexaria Bioscience Corp. (LEXX) and Invesco QQQ Trust (QQQ) carry a correlation of 0.01, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LEXX and QQQ?
Over the past 3 years, LEXX and QQQ moved with a correlation of 0.01, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.00) sits close to the 3-year figure. Over 5 years the correlation is 0.02, and the annualized covariance of weekly returns is 69.2 %².
Out of 10 assets tracked against LEXX, QQQ lands near the bottom at #7. The last year tells two different stories: LEXX led by 1192.0 percentage points, +1218.3% for LEXX against +26.3% for QQQ. One caveat on sizing: LEXX is 28.5 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.
LEXX vs QQQ: side by side
| LEXX (Lexaria Bioscience Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1218.3% | +26.3% |
| 5-year return | +89.6% | +95.4% |
| Volatility (ann.) | 559.5% | 19.6% |
| Beta vs S&P 500 | 1.66 | 1.28 |
| Max drawdown (3Y) | -95.6% | -22.8% |
| Market cap | – | – |
| 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 | LEXX | QQQ |
|---|---|---|
| 2022 | -39.0% | -32.6% |
| 2023 | -49.2% | +54.9% |
| 2024 | +68.0% | +25.6% |
| 2025 | -70.6% | +20.8% |
| 2026 | +1793.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LEXX and QQQ good diversifiers for each other?
Yes. With a correlation of 0.01, LEXX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LEXX and QQQ?
Using weekly returns as of 2026-08-27: 0.01 over 3 years, with 0.00 over the last year and 0.02 over 5 years.
Is QQQ a good diversifier for LEXX?
Yes. With a correlation of 0.01, LEXX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.01 mean?
A reading of 0.01 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
$ curl https://www.pairbook.io/api/v1/pairs/lexx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lexx-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LEXX correlations · QQQ correlations
