LUNR vs QQQ: Correlation
How closely do Intuitive Machines, Inc. (LUNR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LUNR and QQQ?
Over the past 3 years, LUNR and QQQ moved with a correlation of 0.38, which is moderate. The link has tightened recently: the 1-year correlation (0.49) runs above the 3-year figure (0.38). Over 5 years the correlation is 0.14, and the annualized covariance of weekly returns is 813.6 %².
QQQ is close to the least connected end of LUNR's tracked universe, ranking #8 of 12. Correlation aside, the last 12 months split them widely, with LUNR ahead by 53.7 points (+80.0% versus +26.3%). Risk is not evenly split, since LUNR carries 5.6 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.
LUNR vs QQQ: side by side
| LUNR (Intuitive Machines, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +80.0% | +26.3% |
| 5-year return | +67.7% | +95.4% |
| Volatility (ann.) | 109.4% | 19.6% |
| Beta vs S&P 500 | 3.31 | 1.28 |
| Max drawdown (3Y) | -75.1% | -22.8% |
| Market cap | $2.6B | – |
| 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 | LUNR | QQQ |
|---|---|---|
| 2022 | +3.7% | -32.6% |
| 2023 | -74.4% | +54.9% |
| 2024 | +610.8% | +25.6% |
| 2025 | -10.6% | +20.8% |
| 2026 | -0.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LUNR and QQQ good diversifiers for each other?
Reasonably. At 0.38, LUNR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LUNR and QQQ?
The LUNR/QQQ correlation stands at 0.38 on a 3-year window (1 year: 0.49, 5 years: 0.14), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LUNR?
Reasonably. At 0.38, LUNR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/lunr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lunr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LUNR correlations · QQQ correlations
