LPA vs QQQ: Correlation
How closely do Logistic Properties of the Americas (LPA) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.06, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPA and QQQ?
Across a 3-year window, the weekly returns of LPA and QQQ correlate at -0.06, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.07) than the 3-year average (-0.06). Stretching to 5 years gives n/a, with an annualized covariance of -614.1 %².
Within LPA's tracked universe of 21 assets, QQQ comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 78.6 percentage points (-52.3% for LPA against +26.3% for QQQ). Note the risk asymmetry: LPA runs 27.6 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.
LPA vs QQQ: side by side
| LPA (Logistic Properties of the Americas) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -52.3% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 540.6% | 19.6% |
| Beta vs S&P 500 | -0.73 | 1.28 |
| Max drawdown (3Y) | -99.1% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 5.7 | – |
| 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 | LPA | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | -74.5% | +20.8% |
| 2026 | +12.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPA and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.06 means the two rarely move for the same reasons.
FAQ
What is the correlation between LPA and QQQ?
As of 2026-08-27, the correlation of weekly returns between LPA and QQQ is -0.06 over 3 years, 0.07 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for LPA?
By historical standards, yes. A correlation of -0.06 means the two rarely move for the same reasons.
What does a correlation of -0.06 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/lpa-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lpa-vs-qqq/)
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Related comparisons
Hubs: LPA correlations · QQQ correlations
