LNN vs QQQ: Correlation
Measured on weekly returns over the past three years, Lindsay Corporation (LNN) and Invesco QQQ Trust (QQQ) carry a correlation of 0.19, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNN and QQQ?
Across a 3-year window, the weekly returns of LNN and QQQ correlate at 0.19, weak. Lately the two have drifted apart, with the 1-year correlation at -0.12 versus 0.19 over 3 years. Stretching to 5 years gives 0.32, with an annualized covariance of 100.7 %².
Among the 10 assets we track against LNN, QQQ sits near the bottom by co-movement, at rank #7. The last year tells two different stories: QQQ led by 43.9 percentage points, -17.6% for LNN against +26.3% for QQQ.
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.
LNN vs QQQ: side by side
| LNN (Lindsay Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -17.6% | +26.3% |
| 5-year return | -27.8% | +95.4% |
| Volatility (ann.) | 26.8% | 19.6% |
| Beta vs S&P 500 | 0.46 | 1.28 |
| Max drawdown (3Y) | -30.0% | -22.8% |
| Market cap | $1.2B | – |
| P/E (trailing) | 21.9 | – |
| Dividend yield | 1.30% | 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 | LNN | QQQ |
|---|---|---|
| 2022 | +8.1% | -32.6% |
| 2023 | -19.8% | +54.9% |
| 2024 | -7.3% | +25.6% |
| 2025 | +0.8% | +20.8% |
| 2026 | -2.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNN and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between LNN and QQQ?
As of 2026-08-27, the correlation of weekly returns between LNN and QQQ is 0.19 over 3 years, -0.12 over 1 year and 0.32 over 5 years.
Is QQQ a good diversifier for LNN?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
What does a correlation of 0.19 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/lnn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lnn-vs-qqq/)
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Related comparisons
Hubs: LNN correlations · QQQ correlations
