LSAK vs QQQ: Correlation
Measured on weekly returns over the past three years, Lesaka Technologies, Inc. (LSAK) and Invesco QQQ Trust (QQQ) carry a correlation of 0.08, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSAK and QQQ?
Over the past 3 years, LSAK and QQQ moved with a correlation of 0.08, which is near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.02 lands near the 3-year figure. Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 46.2 %².
Within LSAK's tracked universe of 15 assets, QQQ comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 30.1 percentage points (-3.8% for LSAK against +26.3% for QQQ). One caveat on sizing: LSAK is 1.6 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.
LSAK vs QQQ: side by side
| LSAK (Lesaka Technologies, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -3.8% | +26.3% |
| 5-year return | +6.3% | +95.4% |
| Volatility (ann.) | 31.0% | 19.6% |
| Beta vs S&P 500 | 0.20 | 1.28 |
| Max drawdown (3Y) | -33.2% | -22.8% |
| Market cap | $0.4B | – |
| 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 | LSAK | QQQ |
|---|---|---|
| 2022 | -14.5% | -32.6% |
| 2023 | -28.8% | +54.9% |
| 2024 | +68.2% | +25.6% |
| 2025 | -12.5% | +20.8% |
| 2026 | -4.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSAK and QQQ good diversifiers for each other?
Yes. With a correlation of 0.08, LSAK and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LSAK and QQQ?
As of 2026-08-27, the correlation of weekly returns between LSAK and QQQ is 0.08 over 3 years, 0.02 over 1 year and 0.20 over 5 years.
Is QQQ a good diversifier for LSAK?
Yes. With a correlation of 0.08, LSAK and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.08 mean?
A reading of 0.08 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/lsak-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lsak-vs-qqq/)
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Related comparisons
Hubs: LSAK correlations · QQQ correlations
