LHX vs QQQ: Correlation
L3Harris (LHX) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LHX and QQQ?
On 3 years of weekly data the LHX/QQQ correlation comes out at 0.22, weak. The link has loosened recently: the 1-year correlation (0.10) runs below the 3-year figure (0.22). The 5-year figure is 0.28, and annualized covariance runs at 97.7 %².
Within LHX's tracked universe of 30 assets, QQQ comes in at #20 by 3-year correlation. The last year tells two different stories: QQQ led by 30.1 percentage points, -3.8% for LHX against +26.3% for QQQ. This link changes with the market regime, having swung between -0.10 and 0.43 on a rolling one-year basis.
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.
LHX vs QQQ: side by side
| LHX (L3Harris) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -3.8% | +26.3% |
| 5-year return | +24.4% | +95.4% |
| Volatility (ann.) | 23.0% | 19.6% |
| Beta vs S&P 500 | 0.51 | 1.28 |
| Max drawdown (3Y) | -30.3% | -22.8% |
| Market cap | $48.8B | – |
| P/E (trailing) | 26.6 | – |
| Dividend yield | 1.09% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | 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 | LHX | QQQ |
|---|---|---|
| 2022 | -0.5% | -32.6% |
| 2023 | +3.7% | +54.9% |
| 2024 | +1.9% | +25.6% |
| 2025 | +42.3% | +20.8% |
| 2026 | -10.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LHX and QQQ good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LHX and QQQ?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with 0.10 over the last year and 0.28 over 5 years.
Is QQQ a good diversifier for LHX?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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/lhx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lhx-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LHX correlations · QQQ correlations
