LPLA vs QQQ: Correlation
How closely do LPL Financial Holdings Inc. (LPLA) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPLA and QQQ?
On 3 years of weekly data the LPLA/QQQ correlation comes out at 0.36, moderate. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.36). The 5-year figure is 0.32, and annualized covariance runs at 242.1 %².
Within LPLA's tracked universe of 22 assets, QQQ comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 27.2 percentage points (-0.9% for LPLA against +26.3% for QQQ). One caveat on sizing: LPLA is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LPLA vs QQQ: side by side
| LPLA (LPL Financial Holdings Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -0.9% | +26.3% |
| 5-year return | +149.0% | +95.4% |
| Volatility (ann.) | 34.6% | 19.6% |
| Beta vs S&P 500 | 0.97 | 1.28 |
| Max drawdown (3Y) | -33.2% | -22.8% |
| Market cap | $28.4B | – |
| P/E (trailing) | 28.8 | – |
| Dividend yield | 0.33% | 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 | LPLA | QQQ |
|---|---|---|
| 2022 | +35.7% | -32.6% |
| 2023 | +5.9% | +54.9% |
| 2024 | +44.1% | +25.6% |
| 2025 | +9.8% | +20.8% |
| 2026 | +1.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPLA and QQQ good diversifiers for each other?
Reasonably. At 0.36, LPLA and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LPLA and QQQ?
The LPLA/QQQ correlation stands at 0.36 on a 3-year window (1 year: 0.15, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LPLA?
Reasonably. At 0.36, LPLA and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/lpla-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lpla-vs-qqq/)
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Related comparisons
Hubs: LPLA correlations · QQQ correlations
