LILAK vs QQQ: Correlation
Liberty Latin America Ltd. (LILAK) 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 LILAK and QQQ?
On 3 years of weekly data the LILAK/QQQ correlation comes out at 0.09, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.18 versus 0.09 over 3 years. The 5-year figure is 0.19, and annualized covariance runs at 85.9 %².
Out of 13 assets tracked against LILAK, QQQ lands near the bottom at #10. The last year tells two different stories: LILAK led by 21.8 percentage points, +48.1% for LILAK against +26.3% for QQQ. Risk is not evenly split, since LILAK carries 2.5 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.
LILAK vs QQQ: side by side
| LILAK (Liberty Latin America Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +48.1% | +26.3% |
| 5-year return | -15.2% | +95.4% |
| Volatility (ann.) | 49.7% | 19.6% |
| Beta vs S&P 500 | 0.52 | 1.28 |
| Max drawdown (3Y) | -57.2% | -22.8% |
| Market cap | $1.6B | – |
| 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 | LILAK | QQQ |
|---|---|---|
| 2022 | -33.3% | -32.6% |
| 2023 | -3.4% | +54.9% |
| 2024 | -13.6% | +25.6% |
| 2025 | +17.7% | +20.8% |
| 2026 | +63.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LILAK and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.09 means the two rarely move for the same reasons.
FAQ
What is the correlation between LILAK and QQQ?
As of 2026-08-27, the correlation of weekly returns between LILAK and QQQ is 0.09 over 3 years, -0.18 over 1 year and 0.19 over 5 years.
Is QQQ a good diversifier for LILAK?
By historical standards, yes. A correlation of 0.09 means the two rarely move for the same reasons.
What does a correlation of 0.09 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.
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Related comparisons
Hubs: LILAK correlations · QQQ correlations
