LFWD vs QQQ: Correlation
How closely do Lifeward Ltd. (LFWD) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.16, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LFWD and QQQ?
On 3 years of weekly data the LFWD/QQQ correlation comes out at 0.16, weak. Recent behaviour matches the longer record: 0.18 over 1 year against 0.16 over 3. The 5-year figure is 0.21, and annualized covariance runs at 286.5 %².
Among the 12 assets we track against LFWD, QQQ sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with QQQ ahead by 27.9 points (-1.6% versus +26.3%). One caveat on sizing: LFWD is 4.7 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.
LFWD vs QQQ: side by side
| LFWD (Lifeward Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -1.6% | +26.3% |
| 5-year return | -93.8% | +95.4% |
| Volatility (ann.) | 91.5% | 19.6% |
| Beta vs S&P 500 | 1.20 | 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 | LFWD | QQQ |
|---|---|---|
| 2022 | -38.2% | -32.6% |
| 2023 | +2.4% | +54.9% |
| 2024 | -68.2% | +25.6% |
| 2025 | -66.6% | +20.8% |
| 2026 | +6.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LFWD and QQQ good diversifiers for each other?
Yes. With a correlation of 0.16, LFWD and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LFWD and QQQ?
The LFWD/QQQ correlation stands at 0.16 on a 3-year window (1 year: 0.18, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LFWD?
Yes. With a correlation of 0.16, LFWD and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.16 mean?
On the −1 to +1 scale, 0.16 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lfwd-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lfwd-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LFWD correlations · QQQ correlations
