LLYVA vs QQQ: Correlation
How closely do Liberty Live Holdings, Inc. - Series A Liberty Live Group (LLYVA) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LLYVA and QQQ?
Over the past 3 years, LLYVA and QQQ moved with a correlation of 0.44, which is moderate. The past 12 months show a weaker link (0.22) than the 3-year average (0.44). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 261.7 %².
Among the 12 assets we track against LLYVA, QQQ sits near the bottom by co-movement, at rank #8. The last year tells two different stories: QQQ led by 19.9 percentage points, +6.4% for LLYVA against +26.3% for QQQ. One caveat on sizing: LLYVA 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.
LLYVA vs QQQ: side by side
| LLYVA (Liberty Live Holdings, Inc. - Series A Liberty Live Group) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +6.4% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 30.7% | 19.6% |
| Beta vs S&P 500 | 0.99 | 1.28 |
| Max drawdown (3Y) | -24.4% | -22.8% |
| Market cap | $9.2B | – |
| 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 | LLYVA | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | +82.1% | +25.6% |
| 2025 | +22.4% | +20.8% |
| 2026 | +22.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LLYVA and QQQ good diversifiers for each other?
Reasonably. At 0.44, LLYVA and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LLYVA and QQQ?
The LLYVA/QQQ correlation stands at 0.44 on a 3-year window (1 year: 0.22, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LLYVA?
Reasonably. At 0.44, LLYVA and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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.
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Related comparisons
Hubs: LLYVA correlations · QQQ correlations
