LGI vs QQQ: Correlation
Lazard Global Total Return and Income Fund (LGI) and Invesco QQQ Trust (QQQ) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LGI and QQQ?
Across a 3-year window, the weekly returns of LGI and QQQ correlate at 0.71, strong. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. Stretching to 5 years gives 0.76, with an annualized covariance of 252.1 %².
Among the 13 assets we track against LGI, QQQ ranks #7 by 3-year correlation. On 12-month performance QQQ holds a 11.0-point edge, +15.3% against +26.3%.
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.
LGI vs QQQ: side by side
| LGI (Lazard Global Total Return and Income Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +15.3% | +26.3% |
| 5-year return | +38.1% | +95.4% |
| Volatility (ann.) | 18.2% | 19.6% |
| Beta vs S&P 500 | 0.97 | 1.28 |
| Max drawdown (3Y) | -22.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 7.2 | – |
| Dividend yield | 9.55% | 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 | LGI | QQQ |
|---|---|---|
| 2022 | -20.6% | -32.6% |
| 2023 | +12.8% | +54.9% |
| 2024 | +14.4% | +25.6% |
| 2025 | +21.3% | +20.8% |
| 2026 | +13.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LGI and QQQ good diversifiers for each other?
Only partially. A correlation of 0.71 means LGI and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between LGI and QQQ?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.64 over the last year and 0.76 over 5 years.
Is QQQ a good diversifier for LGI?
Only partially. A correlation of 0.71 means LGI and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 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
$ curl https://www.pairbook.io/api/v1/pairs/lgi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lgi-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LGI correlations · QQQ correlations
