LSTR vs QQQ: Correlation
Measured on weekly returns over the past three years, Landstar System, Inc. (LSTR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSTR and QQQ?
Across a 3-year window, the weekly returns of LSTR and QQQ correlate at 0.35, moderate. The link has loosened recently: the 1-year correlation (0.14) runs below the 3-year figure (0.35). Stretching to 5 years gives 0.40, with an annualized covariance of 190.6 %².
QQQ is close to the least connected end of LSTR's tracked universe, ranking #20 of 23. Over the last 12 months LSTR came out ahead by 13.6 percentage points (+39.9% 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.
LSTR vs QQQ: side by side
| LSTR (Landstar System, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +39.9% | +26.3% |
| 5-year return | +17.0% | +95.4% |
| Volatility (ann.) | 28.2% | 19.6% |
| Beta vs S&P 500 | 0.83 | 1.28 |
| Max drawdown (3Y) | -37.5% | -22.8% |
| Market cap | $6.2B | – |
| P/E (trailing) | 47.0 | – |
| Dividend yield | 0.88% | 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 | LSTR | QQQ |
|---|---|---|
| 2022 | -7.3% | -32.6% |
| 2023 | +21.2% | +54.9% |
| 2024 | -9.7% | +25.6% |
| 2025 | -14.4% | +20.8% |
| 2026 | +29.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSTR and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LSTR and QQQ?
As of 2026-08-27, the correlation of weekly returns between LSTR and QQQ is 0.35 over 3 years, 0.14 over 1 year and 0.40 over 5 years.
Is QQQ a good diversifier for LSTR?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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/lstr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lstr-vs-qqq/)
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Related comparisons
Hubs: LSTR correlations · QQQ correlations
