LNSR vs QQQ: Correlation
LENSAR, Inc. (LNSR) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNSR and QQQ?
On 3 years of weekly data the LNSR/QQQ correlation comes out at 0.17, weak. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. The 5-year figure is 0.12, and annualized covariance runs at 230.7 %².
Among the 12 assets we track against LNSR, QQQ sits near the bottom by co-movement, at rank #9. The last year tells two different stories: QQQ led by 56.9 percentage points, -30.6% for LNSR against +26.3% for QQQ. Risk is not evenly split, since LNSR carries 3.6 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.
LNSR vs QQQ: side by side
| LNSR (LENSAR, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -30.6% | +26.3% |
| 5-year return | +5.0% | +95.4% |
| Volatility (ann.) | 70.5% | 19.6% |
| Beta vs S&P 500 | 1.09 | 1.28 |
| Max drawdown (3Y) | -70.3% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 42.3 | – |
| 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 | LNSR | QQQ |
|---|---|---|
| 2022 | -50.6% | -32.6% |
| 2023 | +18.6% | +54.9% |
| 2024 | +154.7% | +25.6% |
| 2025 | +30.1% | +20.8% |
| 2026 | -27.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNSR and QQQ good diversifiers for each other?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LNSR and QQQ?
As of 2026-08-27, the correlation of weekly returns between LNSR and QQQ is 0.17 over 3 years, 0.27 over 1 year and 0.12 over 5 years.
Is QQQ a good diversifier for LNSR?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.17 mean?
On the −1 to +1 scale, 0.17 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/lnsr-vs-qqq.json
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Related comparisons
Hubs: LNSR correlations · QQQ correlations
