LNZA vs QQQ: Correlation
How closely do LanzaTech Global, Inc. (LNZA) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.17, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNZA and QQQ?
Over the past 3 years, LNZA and QQQ moved with a correlation of 0.17, which is weak. The link has loosened recently: the 1-year correlation (-0.01) runs below the 3-year figure (0.17). Over 5 years the correlation is 0.12, and the annualized covariance of weekly returns is 476.7 %².
QQQ is close to the least connected end of LNZA's tracked universe, ranking #7 of 10. Correlation aside, the last 12 months split them widely, with QQQ ahead by 98.4 points (-72.1% versus +26.3%). Note the risk asymmetry: LNZA runs 7.5 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.
LNZA vs QQQ: side by side
| LNZA (LanzaTech Global, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -72.1% | +26.3% |
| 5-year return | -99.4% | +95.4% |
| Volatility (ann.) | 146.7% | 19.6% |
| Beta vs S&P 500 | 1.84 | 1.28 |
| Max drawdown (3Y) | -99.4% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 0.3 | – |
| 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 | LNZA | QQQ |
|---|---|---|
| 2022 | +3.3% | -32.6% |
| 2023 | -49.6% | +54.9% |
| 2024 | -72.8% | +25.6% |
| 2025 | -90.0% | +20.8% |
| 2026 | -54.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNZA and QQQ good diversifiers for each other?
Yes. With a correlation of 0.17, LNZA and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LNZA and QQQ?
The LNZA/QQQ correlation stands at 0.17 on a 3-year window (1 year: -0.01, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LNZA?
Yes. With a correlation of 0.17, LNZA and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.17 mean?
A reading of 0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lnza-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lnza-vs-qqq/)
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Related comparisons
Hubs: LNZA correlations · QQQ correlations
