LODE vs QQQ: Correlation
Comstock Inc. (LODE) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LODE and QQQ?
Over the past 3 years, LODE and QQQ moved with a correlation of 0.19, which is weak. Recent behaviour matches the longer record: 0.23 over 1 year against 0.19 over 3. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 396.9 %².
Among the 13 assets we track against LODE, QQQ sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with LODE ahead by 19.6 points (+45.9% versus +26.3%). Note the risk asymmetry: LODE runs 5.4 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.
LODE vs QQQ: side by side
| LODE (Comstock Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +45.9% | +26.3% |
| 5-year return | -88.3% | +95.4% |
| Volatility (ann.) | 105.0% | 19.6% |
| Beta vs S&P 500 | 1.39 | 1.28 |
| Max drawdown (3Y) | -78.5% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| 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 | LODE | QQQ |
|---|---|---|
| 2022 | -78.3% | -32.6% |
| 2023 | +96.4% | +54.9% |
| 2024 | +45.5% | +25.6% |
| 2025 | -53.0% | +20.8% |
| 2026 | -5.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LODE 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 LODE and QQQ?
Using weekly returns as of 2026-08-27: 0.19 over 3 years, with 0.23 over the last year and 0.23 over 5 years.
Is QQQ a good diversifier for LODE?
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.
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Related comparisons
Hubs: LODE correlations · QQQ correlations
