LMNR vs QQQ: Correlation
Limoneira Co (LMNR) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LMNR and QQQ?
On 3 years of weekly data the LMNR/QQQ correlation comes out at 0.20, weak. The relationship has been stable: the 1-year correlation (0.18) sits close to the 3-year figure. The 5-year figure is 0.17, and annualized covariance runs at 124.5 %².
Out of 12 assets tracked against LMNR, QQQ lands near the bottom at #9. The last year tells two different stories: QQQ led by 40.5 percentage points, -14.2% for LMNR against +26.3% for QQQ. Note the risk asymmetry: LMNR runs 1.6 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.
LMNR vs QQQ: side by side
| LMNR (Limoneira Co) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -14.2% | +26.3% |
| 5-year return | -8.4% | +95.4% |
| Volatility (ann.) | 32.1% | 19.6% |
| Beta vs S&P 500 | 0.61 | 1.28 |
| Max drawdown (3Y) | -58.1% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.67% | 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 | LMNR | QQQ |
|---|---|---|
| 2022 | -16.7% | -32.6% |
| 2023 | +72.0% | +54.9% |
| 2024 | +20.2% | +25.6% |
| 2025 | -47.3% | +20.8% |
| 2026 | +7.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LMNR and QQQ good diversifiers for each other?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LMNR and QQQ?
The LMNR/QQQ correlation stands at 0.20 on a 3-year window (1 year: 0.18, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LMNR?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.20 mean?
On the −1 to +1 scale, 0.20 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/lmnr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lmnr-vs-qqq/)
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Related comparisons
Hubs: LMNR correlations · QQQ correlations
