LSPD vs QQQ: Correlation
Measured on weekly returns over the past three years, Lightspeed Commerce Inc. Subordinate Voting Shares (LSPD) and Invesco QQQ Trust (QQQ) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSPD and QQQ?
Over the past 3 years, LSPD and QQQ moved with a correlation of 0.52, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.38 versus 0.52 over 3 years. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 485.8 %².
Among the 17 assets we track against LSPD, QQQ ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 37.9 percentage points (-11.6% for LSPD against +26.3% for QQQ). Risk is not evenly split, since LSPD carries 2.5 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.
LSPD vs QQQ: side by side
| LSPD (Lightspeed Commerce Inc. Subordinate Voting Shares) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -11.6% | +26.3% |
| 5-year return | -90.0% | +95.4% |
| Volatility (ann.) | 48.1% | 19.6% |
| Beta vs S&P 500 | 1.83 | 1.28 |
| Max drawdown (3Y) | -62.7% | -22.8% |
| Market cap | $1.4B | – |
| 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 | LSPD | QQQ |
|---|---|---|
| 2022 | -64.6% | -32.6% |
| 2023 | +46.8% | +54.9% |
| 2024 | -27.4% | +25.6% |
| 2025 | -20.7% | +20.8% |
| 2026 | -10.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSPD and QQQ good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LSPD and QQQ?
The LSPD/QQQ correlation stands at 0.52 on a 3-year window (1 year: 0.38, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LSPD?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/lspd-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lspd-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LSPD correlations · QQQ correlations
