LGCL vs QQQ: Correlation
Measured on weekly returns over the past three years, Lucas GC Limited - Class A (LGCL) and Invesco QQQ Trust (QQQ) carry a correlation of 0.15, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LGCL and QQQ?
Across a 3-year window, the weekly returns of LGCL and QQQ correlate at 0.15, weak. Recent behaviour matches the longer record: 0.23 over 1 year against 0.15 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 491.3 %².
By 3-year correlation, QQQ places #7 of the 15 assets tracked against LGCL. Correlation aside, the last 12 months split them widely, with QQQ ahead by 126.0 points (-99.7% versus +26.3%). Note the risk asymmetry: LGCL runs 8.1 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.
LGCL vs QQQ: side by side
| LGCL (Lucas GC Limited - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -99.7% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 159.1% | 19.6% |
| Beta vs S&P 500 | 1.88 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 0.1 | – |
| 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 | LGCL | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | -91.0% | +20.8% |
| 2026 | -97.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LGCL and QQQ good diversifiers for each other?
Yes. With a correlation of 0.15, LGCL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LGCL and QQQ?
As of 2026-08-27, the correlation of weekly returns between LGCL and QQQ is 0.15 over 3 years, 0.23 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for LGCL?
Yes. With a correlation of 0.15, LGCL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.15 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.
Use this data
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Related comparisons
Hubs: LGCL correlations · QQQ correlations
