LMT vs QQQ: Correlation
Lockheed Martin (LMT) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.02.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LMT and QQQ?
Over the past 3 years, LMT and QQQ moved with a correlation of 0.02, which is near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.05 over 1 year against 0.02 over 3. Over 5 years the correlation is 0.10, and the annualized covariance of weekly returns is 10.7 %².
By 3-year correlation, QQQ places #19 of the 29 assets tracked against LMT. Neither side won the trailing year by much: +27.9% against +26.3%. The relationship is regime-dependent: the rolling one-year correlation swung between -0.28 and 0.24 over the past three years, so this pair behaves very differently depending on the market environment.
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.
LMT vs QQQ: side by side
| LMT (Lockheed Martin) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +27.9% | +26.3% |
| 5-year return | +78.9% | +95.4% |
| Volatility (ann.) | 26.0% | 19.6% |
| Beta vs S&P 500 | 0.20 | 1.28 |
| Max drawdown (3Y) | -31.8% | -22.8% |
| Market cap | $130.6B | – |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 2.41% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | 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 | LMT | QQQ |
|---|---|---|
| 2022 | +40.5% | -32.6% |
| 2023 | -4.3% | +54.9% |
| 2024 | +10.0% | +25.6% |
| 2025 | +2.5% | +20.8% |
| 2026 | +18.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LMT and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.02 means the two rarely move for the same reasons.
FAQ
What is the correlation between LMT and QQQ?
As of 2026-08-27, the correlation of weekly returns between LMT and QQQ is 0.02 over 3 years, -0.05 over 1 year and 0.10 over 5 years.
Is QQQ a good diversifier for LMT?
By historical standards, yes. A correlation of 0.02 means the two rarely move for the same reasons.
What does a correlation of 0.02 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lmt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lmt-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LMT correlations · QQQ correlations
