LRCX vs QQQ: Correlation
Measured on weekly returns over the past three years, Lam Research (LRCX) and Invesco QQQ Trust (QQQ) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LRCX and QQQ?
Across a 3-year window, the weekly returns of LRCX and QQQ correlate at 0.70, strong. The past 12 months show a weaker link (0.59) than the 3-year average (0.70). Stretching to 5 years gives 0.73, with an annualized covariance of 642.1 %².
Within LRCX's tracked universe of 36 assets, QQQ comes in at #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LRCX outperformed by 182.7 percentage points (+209.0% for LRCX against +26.3% for QQQ). On a rolling one-year basis the correlation drifted between 0.54 and 0.83, a moderate band. Risk is not evenly split, since LRCX carries 2.4 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.
LRCX vs QQQ: side by side
| LRCX (Lam Research) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +209.0% | +26.3% |
| 5-year return | +452.0% | +95.4% |
| Volatility (ann.) | 46.7% | 19.6% |
| Beta vs S&P 500 | 2.03 | 1.28 |
| Max drawdown (3Y) | -47.1% | -22.8% |
| Market cap | $398.6B | – |
| P/E (trailing) | 54.4 | – |
| Dividend yield | 0.33% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | 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 | LRCX | QQQ |
|---|---|---|
| 2022 | -40.7% | -32.6% |
| 2023 | +88.6% | +54.9% |
| 2024 | -6.8% | +25.6% |
| 2025 | +139.2% | +20.8% |
| 2026 | +86.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that QQQ holds LRCX at a 1.73% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are LRCX and QQQ good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LRCX and QQQ?
The LRCX/QQQ correlation stands at 0.70 on a 3-year window (1 year: 0.59, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LRCX?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 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/lrcx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lrcx-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LRCX correlations · QQQ correlations
