LIEN vs QQQ: Correlation
Chicago Atlantic BDC, Inc. (LIEN) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIEN and QQQ?
Over the past 3 years, LIEN and QQQ moved with a correlation of 0.09, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.14) sits close to the 3-year figure. Over 5 years the correlation is -0.02, and the annualized covariance of weekly returns is 45.0 %².
Among the 13 assets we track against LIEN, QQQ ranks #7 by 3-year correlation. The last year tells two different stories: QQQ led by 21.1 percentage points, +5.2% for LIEN against +26.3% for QQQ.
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.
LIEN vs QQQ: side by side
| LIEN (Chicago Atlantic BDC, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.2% | +26.3% |
| 5-year return | +11.0% | +95.4% |
| Volatility (ann.) | 26.5% | 19.6% |
| Beta vs S&P 500 | 0.23 | 1.28 |
| Max drawdown (3Y) | -22.5% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 7.3 | – |
| Dividend yield | 13.40% | 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 | LIEN | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -1.1% | +54.9% |
| 2024 | +58.6% | +25.6% |
| 2025 | -4.0% | +20.8% |
| 2026 | +5.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIEN and QQQ good diversifiers for each other?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LIEN and QQQ?
The LIEN/QQQ correlation stands at 0.09 on a 3-year window (1 year: 0.14, 5 years: -0.02), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LIEN?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.09 mean?
A reading of 0.09 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: LIEN correlations · QQQ correlations
