LNC vs QQQ: Correlation
How closely do Lincoln National Corporation (LNC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNC and QQQ?
Across a 3-year window, the weekly returns of LNC and QQQ correlate at 0.37, moderate. The past 12 months show a weaker link (0.24) than the 3-year average (0.37). Stretching to 5 years gives 0.44, with an annualized covariance of 246.3 %².
QQQ is close to the least connected end of LNC's tracked universe, ranking #9 of 12. Correlation aside, the last 12 months split them widely, with QQQ ahead by 18.9 points (+7.4% versus +26.3%). One caveat on sizing: LNC is 1.7 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.
LNC vs QQQ: side by side
| LNC (Lincoln National Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +7.4% | +26.3% |
| 5-year return | -18.1% | +95.4% |
| Volatility (ann.) | 33.9% | 19.6% |
| Beta vs S&P 500 | 1.14 | 1.28 |
| Max drawdown (3Y) | -29.1% | -22.8% |
| Market cap | $8.3B | – |
| P/E (trailing) | 3.7 | – |
| Dividend yield | 4.16% | 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 | LNC | QQQ |
|---|---|---|
| 2022 | -53.5% | -32.6% |
| 2023 | -5.6% | +54.9% |
| 2024 | +24.8% | +25.6% |
| 2025 | +48.0% | +20.8% |
| 2026 | +1.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNC and QQQ good diversifiers for each other?
Reasonably. At 0.37, LNC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LNC and QQQ?
As of 2026-08-27, the correlation of weekly returns between LNC and QQQ is 0.37 over 3 years, 0.24 over 1 year and 0.44 over 5 years.
Is QQQ a good diversifier for LNC?
Reasonably. At 0.37, LNC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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/lnc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lnc-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LNC correlations · QQQ correlations
