LGL vs QQQ: Correlation
Measured on weekly returns over the past three years, LGL Group, Inc. (The) (LGL) and Invesco QQQ Trust (QQQ) carry a correlation of 0.06, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LGL and QQQ?
Across a 3-year window, the weekly returns of LGL and QQQ correlate at 0.06, near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.02 over 1 year against 0.06 over 3. Stretching to 5 years gives 0.15, with an annualized covariance of 37.8 %².
Out of 11 assets tracked against LGL, QQQ lands near the bottom at #7. The trailing year gives QQQ the advantage: +15.0% versus +26.3%, a 11.3-point spread. Risk is not evenly split, since LGL carries 1.6 times the volatility of the other side.
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.
LGL vs QQQ: side by side
| LGL (LGL Group, Inc. (The)) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +15.0% | +26.3% |
| 5-year return | +78.3% | +95.4% |
| Volatility (ann.) | 32.1% | 19.6% |
| Beta vs S&P 500 | 0.18 | 1.28 |
| Max drawdown (3Y) | -27.2% | -22.8% |
| Market cap | $0.1B | – |
| 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 | LGL | QQQ |
|---|---|---|
| 2022 | -5.8% | -32.6% |
| 2023 | +51.6% | +54.9% |
| 2024 | -2.8% | +25.6% |
| 2025 | -3.7% | +20.8% |
| 2026 | +28.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LGL and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.06 means the two rarely move for the same reasons.
FAQ
What is the correlation between LGL and QQQ?
As of 2026-08-27, the correlation of weekly returns between LGL and QQQ is 0.06 over 3 years, -0.02 over 1 year and 0.15 over 5 years.
Is QQQ a good diversifier for LGL?
By historical standards, yes. A correlation of 0.06 means the two rarely move for the same reasons.
What does a correlation of 0.06 mean?
A reading of 0.06 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: LGL correlations · QQQ correlations
