LPX vs QQQ: Correlation
Louisiana-Pacific Corporation (LPX) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LPX and QQQ?
Across a 3-year window, the weekly returns of LPX and QQQ correlate at 0.36, moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.36). Stretching to 5 years gives 0.45, with an annualized covariance of 263.4 %².
QQQ is close to the least connected end of LPX's tracked universe, ranking #17 of 20. The last year tells two different stories: QQQ led by 51.6 percentage points, -25.3% for LPX against +26.3% for QQQ. Note the risk asymmetry: LPX runs 1.9 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.
LPX vs QQQ: side by side
| LPX (Louisiana-Pacific Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -25.3% | +26.3% |
| 5-year return | +15.9% | +95.4% |
| Volatility (ann.) | 37.4% | 19.6% |
| Beta vs S&P 500 | 1.15 | 1.28 |
| Max drawdown (3Y) | -43.1% | -22.8% |
| Market cap | $4.9B | – |
| P/E (trailing) | 93.1 | – |
| Dividend yield | 1.63% | 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 | LPX | QQQ |
|---|---|---|
| 2022 | -23.4% | -32.6% |
| 2023 | +21.5% | +54.9% |
| 2024 | +47.9% | +25.6% |
| 2025 | -21.0% | +20.8% |
| 2026 | -11.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LPX and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LPX and QQQ?
As of 2026-08-27, the correlation of weekly returns between LPX and QQQ is 0.36 over 3 years, 0.23 over 1 year and 0.45 over 5 years.
Is QQQ a good diversifier for LPX?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined 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/lpx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lpx-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LPX correlations · QQQ correlations
