LNTH vs QQQ: Correlation
Lantheus Holdings, Inc. (LNTH) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.06.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNTH and QQQ?
Over the past 3 years, LNTH and QQQ moved with a correlation of 0.06, which is near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.22 versus 0.06 over 3 years. Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 62.9 %².
Out of 13 assets tracked against LNTH, QQQ lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months LNTH outperformed by 50.5 percentage points (+76.8% for LNTH against +26.3% for QQQ). Note the risk asymmetry: LNTH runs 2.9 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.
LNTH vs QQQ: side by side
| LNTH (Lantheus Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +76.8% | +26.3% |
| 5-year return | +286.9% | +95.4% |
| Volatility (ann.) | 57.5% | 19.6% |
| Beta vs S&P 500 | 0.44 | 1.28 |
| Max drawdown (3Y) | -59.5% | -22.8% |
| Market cap | $6.6B | – |
| P/E (trailing) | 24.1 | – |
| 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 | LNTH | QQQ |
|---|---|---|
| 2022 | +76.4% | -32.6% |
| 2023 | +21.7% | +54.9% |
| 2024 | +44.3% | +25.6% |
| 2025 | -25.6% | +20.8% |
| 2026 | +51.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNTH and QQQ good diversifiers for each other?
Yes. With a correlation of 0.06, LNTH and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LNTH and QQQ?
Using weekly returns as of 2026-08-27: 0.06 over 3 years, with 0.22 over the last year and 0.18 over 5 years.
Is QQQ a good diversifier for LNTH?
Yes. With a correlation of 0.06, LNTH and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.06 mean?
On the −1 to +1 scale, 0.06 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/lnth-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lnth-vs-qqq/)
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Related comparisons
Hubs: LNTH correlations · QQQ correlations
