LOW vs QQQ: Correlation
Lowe's (LOW) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOW and QQQ?
Across a 3-year window, the weekly returns of LOW and QQQ correlate at 0.37, moderate. Recent behaviour matches the longer record: 0.28 over 1 year against 0.37 over 3. Stretching to 5 years gives 0.51, with an annualized covariance of 180.2 %².
Within LOW's tracked universe of 46 assets, QQQ comes in at #34 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 44.7 points (-18.4% versus +26.3%). On a rolling one-year basis the correlation drifted between 0.23 and 0.70, a moderate band.
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.
LOW vs QQQ: side by side
| LOW (Lowe's) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -18.4% | +26.3% |
| 5-year return | +11.1% | +95.4% |
| Volatility (ann.) | 24.8% | 19.6% |
| Beta vs S&P 500 | 0.83 | 1.28 |
| Max drawdown (3Y) | -29.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 17.8 | – |
| Dividend yield | 2.31% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Discretionary | 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 | LOW | QQQ |
|---|---|---|
| 2022 | -21.5% | -32.6% |
| 2023 | +14.0% | +54.9% |
| 2024 | +13.0% | +25.6% |
| 2025 | -0.3% | +20.8% |
| 2026 | -12.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOW and QQQ good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LOW and QQQ?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.28 over the last year and 0.51 over 5 years.
Is QQQ a good diversifier for LOW?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/low-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/low-vs-qqq/)
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Related comparisons
Hubs: LOW correlations · QQQ correlations
