LOAR vs QQQ: Correlation
Loar Holdings Inc. (LOAR) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOAR and QQQ?
Over the past 3 years, LOAR and QQQ moved with a correlation of 0.33, which is moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 329.6 %².
Within LOAR's tracked universe of 23 assets, QQQ comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 26.7 percentage points (-0.4% for LOAR against +26.3% for QQQ). Risk is not evenly split, since LOAR carries 2.5 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.
LOAR vs QQQ: side by side
| LOAR (Loar Holdings Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -0.4% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 49.2% | 19.6% |
| Beta vs S&P 500 | 1.21 | 1.28 |
| Max drawdown (3Y) | -46.0% | -22.8% |
| Market cap | $6.8B | – |
| P/E (trailing) | 102.9 | – |
| 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 | LOAR | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | -8.0% | +20.8% |
| 2026 | +7.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOAR and QQQ good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LOAR and QQQ?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.37 over the last year and n/a over 5 years.
Is QQQ a good diversifier for LOAR?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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/loar-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/loar-vs-qqq/)
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Related comparisons
Hubs: LOAR correlations · QQQ correlations
