LSBK vs QQQ: Correlation
How closely do Lake Shore Bancorp, Inc. (LSBK) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.21, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSBK and QQQ?
On 3 years of weekly data the LSBK/QQQ correlation comes out at 0.21, weak. Recent behaviour matches the longer record: 0.16 over 1 year against 0.21 over 3. The 5-year figure is 0.21, and annualized covariance runs at 91.4 %².
Among the 11 assets we track against LSBK, QQQ sits near the bottom by co-movement, at rank #8. Over the last 12 months LSBK came out ahead by 7.0 percentage points (+33.3% against +26.3%).
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.
LSBK vs QQQ: side by side
| LSBK (Lake Shore Bancorp, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +33.3% | +26.3% |
| 5-year return | +80.0% | +95.4% |
| Volatility (ann.) | 22.5% | 19.6% |
| Beta vs S&P 500 | 0.37 | 1.28 |
| Max drawdown (3Y) | -15.8% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 15.1 | – |
| Dividend yield | 2.09% | 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 | LSBK | QQQ |
|---|---|---|
| 2022 | -15.0% | -32.6% |
| 2023 | -3.0% | +54.9% |
| 2024 | +22.4% | +25.6% |
| 2025 | +48.2% | +20.8% |
| 2026 | +19.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSBK and QQQ good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LSBK and QQQ?
The LSBK/QQQ correlation stands at 0.21 on a 3-year window (1 year: 0.16, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LSBK?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: LSBK correlations · QQQ correlations
