LOVE vs QQQ: Correlation
How closely do The Lovesac Company (LOVE) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOVE and QQQ?
On 3 years of weekly data the LOVE/QQQ correlation comes out at 0.29, weak. Lately the two have drifted apart, with the 1-year correlation at 0.13 versus 0.29 over 3 years. The 5-year figure is 0.42, and annualized covariance runs at 367.6 %².
Among the 11 assets we track against LOVE, QQQ sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 41.5 percentage points (-15.2% for LOVE against +26.3% for QQQ). Note the risk asymmetry: LOVE runs 3.3 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.
LOVE vs QQQ: side by side
| LOVE (The Lovesac Company) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -15.2% | +26.3% |
| 5-year return | -71.8% | +95.4% |
| Volatility (ann.) | 64.0% | 19.6% |
| Beta vs S&P 500 | 1.85 | 1.28 |
| Max drawdown (3Y) | -72.7% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 64.3 | – |
| 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 | LOVE | QQQ |
|---|---|---|
| 2022 | -66.8% | -32.6% |
| 2023 | +16.1% | +54.9% |
| 2024 | -7.4% | +25.6% |
| 2025 | -37.7% | +20.8% |
| 2026 | +8.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOVE and QQQ good diversifiers for each other?
Reasonably. At 0.29, LOVE and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LOVE and QQQ?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.13 over the last year and 0.42 over 5 years.
Is QQQ a good diversifier for LOVE?
Reasonably. At 0.29, LOVE and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 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/love-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/love-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LOVE correlations · QQQ correlations
