LUCY vs QQQ: Correlation
Measured on weekly returns over the past three years, Innovative Eyewear, Inc. (LUCY) and Invesco QQQ Trust (QQQ) carry a correlation of 0.13, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LUCY and QQQ?
Across a 3-year window, the weekly returns of LUCY and QQQ correlate at 0.13, weak. The link has tightened recently: the 1-year correlation (0.30) runs above the 3-year figure (0.13). Stretching to 5 years gives 0.13, with an annualized covariance of 663.6 %².
Within LUCY's tracked universe of 16 assets, QQQ comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 78.0 points (-51.7% versus +26.3%). Risk is not evenly split, since LUCY carries 13.2 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.
LUCY vs QQQ: side by side
| LUCY (Innovative Eyewear, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -51.7% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 259.2% | 19.6% |
| Beta vs S&P 500 | 1.73 | 1.28 |
| Max drawdown (3Y) | -96.7% | -22.8% |
| Market cap | – | – |
| 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 | LUCY | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -69.2% | +54.9% |
| 2024 | -41.7% | +25.6% |
| 2025 | -79.7% | +20.8% |
| 2026 | -5.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LUCY and QQQ good diversifiers for each other?
Yes. With a correlation of 0.13, LUCY and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LUCY and QQQ?
The LUCY/QQQ correlation stands at 0.13 on a 3-year window (1 year: 0.30, 5 years: 0.13), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LUCY?
Yes. With a correlation of 0.13, LUCY and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.13 mean?
On the −1 to +1 scale, 0.13 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/lucy-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lucy-vs-qqq/)
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Related comparisons
Hubs: LUCY correlations · QQQ correlations
