LLYVK vs QQQ: Correlation
Liberty Live Holdings, Inc. - Series C Liberty Live Group (LLYVK) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LLYVK and QQQ?
Over the past 3 years, LLYVK and QQQ moved with a correlation of 0.42, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.42 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 254.5 %².
By 3-year correlation, QQQ places #8 of the 13 assets tracked against LLYVK. Correlation aside, the last 12 months split them widely, with QQQ ahead by 19.2 points (+7.1% versus +26.3%). Risk is not evenly split, since LLYVK carries 1.6 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.
LLYVK vs QQQ: side by side
| LLYVK (Liberty Live Holdings, Inc. - Series C Liberty Live Group) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +7.1% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 30.9% | 19.6% |
| Beta vs S&P 500 | 0.96 | 1.28 |
| Max drawdown (3Y) | -24.1% | -22.8% |
| Market cap | $9.5B | – |
| 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 | LLYVK | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | +82.0% | +25.6% |
| 2025 | +22.2% | +20.8% |
| 2026 | +24.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LLYVK and QQQ good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LLYVK and QQQ?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.19 over the last year and n/a over 5 years.
Is QQQ a good diversifier for LLYVK?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/llyvk-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/llyvk-vs-qqq/)
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Related comparisons
Hubs: LLYVK correlations · QQQ correlations
