LFT vs QQQ: Correlation
How closely do Lument Finance Trust, Inc. (LFT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.14, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LFT and QQQ?
On 3 years of weekly data the LFT/QQQ correlation comes out at 0.14, weak. Little has changed lately, as the 1-year reading of 0.24 lands near the 3-year figure. The 5-year figure is 0.19, and annualized covariance runs at 89.4 %².
Among the 10 assets we track against LFT, QQQ sits near the bottom by co-movement, at rank #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 89.3 points (-63.0% versus +26.3%). Note the risk asymmetry: LFT runs 1.7 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.
LFT vs QQQ: side by side
| LFT (Lument Finance Trust, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -63.0% | +26.3% |
| 5-year return | -67.7% | +95.4% |
| Volatility (ann.) | 32.8% | 19.6% |
| Beta vs S&P 500 | 0.41 | 1.28 |
| Max drawdown (3Y) | -75.1% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 21.82% | 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 | LFT | QQQ |
|---|---|---|
| 2022 | -45.1% | -32.6% |
| 2023 | +38.6% | +54.9% |
| 2024 | +29.4% | +25.6% |
| 2025 | -39.3% | +20.8% |
| 2026 | -44.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LFT and QQQ good diversifiers for each other?
Yes. With a correlation of 0.14, LFT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LFT and QQQ?
Using weekly returns as of 2026-08-27: 0.14 over 3 years, with 0.24 over the last year and 0.19 over 5 years.
Is QQQ a good diversifier for LFT?
Yes. With a correlation of 0.14, LFT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.14 mean?
A reading of 0.14 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/lft-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lft-vs-qqq/)
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Related comparisons
Hubs: LFT correlations · QQQ correlations
