LVO vs QQQ: Correlation
Measured on weekly returns over the past three years, LiveOne, Inc. (LVO) and Invesco QQQ Trust (QQQ) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LVO and QQQ?
Across a 3-year window, the weekly returns of LVO and QQQ correlate at 0.28, weak. The past 12 months show a weaker link (0.14) than the 3-year average (0.28). Stretching to 5 years gives 0.27, with an annualized covariance of 455.1 %².
Out of 13 assets tracked against LVO, QQQ lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 59.2 percentage points (-32.9% for LVO against +26.3% for QQQ). One caveat on sizing: LVO is 4.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LVO vs QQQ: side by side
| LVO (LiveOne, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -32.9% | +26.3% |
| 5-year return | -88.2% | +95.4% |
| Volatility (ann.) | 82.2% | 19.6% |
| Beta vs S&P 500 | 1.85 | 1.28 |
| Max drawdown (3Y) | -83.1% | -22.8% |
| Market cap | $0.1B | – |
| 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 | LVO | QQQ |
|---|---|---|
| 2022 | -49.7% | -32.6% |
| 2023 | +115.8% | +54.9% |
| 2024 | +5.8% | +25.6% |
| 2025 | -67.9% | +20.8% |
| 2026 | -16.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LVO and QQQ good diversifiers for each other?
Reasonably. At 0.28, LVO and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LVO and QQQ?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.14 over the last year and 0.27 over 5 years.
Is QQQ a good diversifier for LVO?
Reasonably. At 0.28, LVO and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lvo-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lvo-vs-qqq/)
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Related comparisons
Hubs: LVO correlations · QQQ correlations
