LITE vs QQQ: Correlation
Lumentum (LITE) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LITE and QQQ?
Across a 3-year window, the weekly returns of LITE and QQQ correlate at 0.48, moderate. The past 12 months show a weaker link (0.17) than the 3-year average (0.48). Stretching to 5 years gives 0.45, with an annualized covariance of 611.2 %².
Among the 34 assets we track against LITE, QQQ ranks #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LITE ahead by 633.5 points (+659.8% versus +26.3%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.05 to 0.77. Risk is not evenly split, since LITE carries 3.3 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.
LITE vs QQQ: side by side
| LITE (Lumentum) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +659.8% | +26.3% |
| 5-year return | +998.1% | +95.4% |
| Volatility (ann.) | 65.5% | 19.6% |
| Beta vs S&P 500 | 2.36 | 1.28 |
| Max drawdown (3Y) | -50.6% | -22.8% |
| Market cap | $85.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | 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 | LITE | QQQ |
|---|---|---|
| 2022 | -50.7% | -32.6% |
| 2023 | +0.5% | +54.9% |
| 2024 | +60.1% | +25.6% |
| 2025 | +339.1% | +20.8% |
| 2026 | +159.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.32% of QQQ is LITE itself, so the fund partly moves with the stock by construction.
Are LITE and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LITE and QQQ?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.17 over the last year and 0.45 over 5 years.
Is QQQ a good diversifier for LITE?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/lite-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lite-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LITE correlations · QQQ correlations
