LKQ vs QQQ: Correlation
Measured on weekly returns over the past three years, LKQ Corporation (LKQ) and Invesco QQQ Trust (QQQ) carry a correlation of 0.21, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LKQ and QQQ?
Over the past 3 years, LKQ and QQQ moved with a correlation of 0.21, which is weak. The relationship has been stable: the 1-year correlation (0.26) sits close to the 3-year figure. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 125.6 %².
Out of 11 assets tracked against LKQ, QQQ lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with QQQ ahead by 43.8 points (-17.5% versus +26.3%). One caveat on sizing: LKQ is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LKQ vs QQQ: side by side
| LKQ (LKQ Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -17.5% | +26.3% |
| 5-year return | -43.9% | +95.4% |
| Volatility (ann.) | 31.2% | 19.6% |
| Beta vs S&P 500 | 0.57 | 1.28 |
| Max drawdown (3Y) | -54.6% | -22.8% |
| Market cap | $6.4B | – |
| P/E (trailing) | 14.1 | – |
| Dividend yield | 4.66% | 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 | LKQ | QQQ |
|---|---|---|
| 2022 | -9.2% | -32.6% |
| 2023 | -8.6% | +54.9% |
| 2024 | -20.9% | +25.6% |
| 2025 | -15.0% | +20.8% |
| 2026 | -13.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LKQ and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LKQ and QQQ?
The LKQ/QQQ correlation stands at 0.21 on a 3-year window (1 year: 0.26, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LKQ?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.21 mean?
On the −1 to +1 scale, 0.21 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/lkq-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lkq-vs-qqq/)
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Related comparisons
Hubs: LKQ correlations · QQQ correlations
