LION vs QQQ: Correlation
How closely do Lionsgate Studios Corp (LION) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.19, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LION and QQQ?
On 3 years of weekly data the LION/QQQ correlation comes out at 0.19, weak. Recent behaviour matches the longer record: 0.13 over 1 year against 0.19 over 3. The 5-year figure is 0.15, and annualized covariance runs at 174.4 %².
Among the 10 assets we track against LION, QQQ sits near the bottom by co-movement, at rank #7. Correlation aside, the last 12 months split them widely, with LION ahead by 52.6 points (+78.9% versus +26.3%). Note the risk asymmetry: LION runs 2.4 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.
LION vs QQQ: side by side
| LION (Lionsgate Studios Corp) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +78.9% | +26.3% |
| 5-year return | +19.0% | +95.4% |
| Volatility (ann.) | 46.5% | 19.6% |
| Beta vs S&P 500 | 0.70 | 1.28 |
| Max drawdown (3Y) | -55.4% | -22.8% |
| Market cap | $3.4B | – |
| 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 | LION | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +6.6% | +54.9% |
| 2024 | -28.3% | +25.6% |
| 2025 | +20.1% | +20.8% |
| 2026 | +26.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LION and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between LION and QQQ?
As of 2026-08-27, the correlation of weekly returns between LION and QQQ is 0.19 over 3 years, 0.13 over 1 year and 0.15 over 5 years.
Is QQQ a good diversifier for LION?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
What does a correlation of 0.19 mean?
A reading of 0.19 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
$ curl https://www.pairbook.io/api/v1/pairs/lion-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lion-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LION correlations · QQQ correlations
