LIDR vs QQQ: Correlation
How closely do AEye, Inc. (LIDR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.13, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIDR and QQQ?
Across a 3-year window, the weekly returns of LIDR and QQQ correlate at 0.13, weak. Recent behaviour matches the longer record: 0.21 over 1 year against 0.13 over 3. Stretching to 5 years gives 0.17, with an annualized covariance of 554.3 %².
By 3-year correlation, QQQ places #8 of the 14 assets tracked against LIDR. The last year tells two different stories: QQQ led by 86.6 percentage points, -60.3% for LIDR against +26.3% for QQQ. Note the risk asymmetry: LIDR runs 10.8 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.
LIDR vs QQQ: side by side
| LIDR (AEye, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -60.3% | +26.3% |
| 5-year return | -99.6% | +95.4% |
| Volatility (ann.) | 211.5% | 19.6% |
| Beta vs S&P 500 | 2.26 | 1.28 |
| Max drawdown (3Y) | -93.9% | -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 | LIDR | QQQ |
|---|---|---|
| 2022 | -90.1% | -32.6% |
| 2023 | -84.1% | +54.9% |
| 2024 | -44.5% | +25.6% |
| 2025 | +44.9% | +20.8% |
| 2026 | -34.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIDR and QQQ good diversifiers for each other?
Yes. With a correlation of 0.13, LIDR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LIDR and QQQ?
The LIDR/QQQ correlation stands at 0.13 on a 3-year window (1 year: 0.21, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LIDR?
Yes. With a correlation of 0.13, LIDR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.13 mean?
A reading of 0.13 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: LIDR correlations · QQQ correlations
