LPTH vs QQQ: Correlation
How closely do LightPath Technologies, Inc. (LPTH) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPTH and QQQ?
Across a 3-year window, the weekly returns of LPTH and QQQ correlate at 0.25, weak. Lately the two have moved closer together, with the 1-year correlation at 0.37 versus 0.25 over 3 years. Stretching to 5 years gives 0.27, with an annualized covariance of 392.8 %².
Among the 10 assets we track against LPTH, QQQ sits near the bottom by co-movement, at rank #6. The last year tells two different stories: LPTH led by 161.0 percentage points, +187.3% for LPTH against +26.3% for QQQ. Risk is not evenly split, since LPTH carries 4.1 times the volatility of the other side.
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.
LPTH vs QQQ: side by side
| LPTH (LightPath Technologies, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +187.3% | +26.3% |
| 5-year return | +499.6% | +95.4% |
| Volatility (ann.) | 79.6% | 19.6% |
| Beta vs S&P 500 | 1.33 | 1.28 |
| Max drawdown (3Y) | -61.1% | -22.8% |
| Market cap | $0.9B | – |
| 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 | LPTH | QQQ |
|---|---|---|
| 2022 | -50.0% | -32.6% |
| 2023 | +3.3% | +54.9% |
| 2024 | +180.2% | +25.6% |
| 2025 | +205.9% | +20.8% |
| 2026 | +27.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPTH and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LPTH and QQQ?
The LPTH/QQQ correlation stands at 0.25 on a 3-year window (1 year: 0.37, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LPTH?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lpth-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lpth-vs-qqq/)
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Related comparisons
Hubs: LPTH correlations · QQQ correlations
