LVWR vs QQQ: Correlation
How closely do LiveWire Group, Inc. (LVWR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.10, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LVWR and QQQ?
Across a 3-year window, the weekly returns of LVWR and QQQ correlate at 0.10, weak. The past 12 months show a weaker link (-0.05) than the 3-year average (0.10). Stretching to 5 years gives 0.11, with an annualized covariance of 464.0 %².
By 3-year correlation, QQQ places #10 of the 17 assets tracked against LVWR. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 91.5 percentage points (-65.2% for LVWR against +26.3% for QQQ). Risk is not evenly split, since LVWR carries 11.8 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.
LVWR vs QQQ: side by side
| LVWR (LiveWire Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -65.2% | +26.3% |
| 5-year return | -86.0% | +95.4% |
| Volatility (ann.) | 230.4% | 19.6% |
| Beta vs S&P 500 | 2.09 | 1.28 |
| Max drawdown (3Y) | -94.6% | -22.8% |
| Market cap | $0.3B | – |
| 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 | LVWR | QQQ |
|---|---|---|
| 2022 | -51.5% | -32.6% |
| 2023 | +133.2% | +54.9% |
| 2024 | -57.5% | +25.6% |
| 2025 | -8.1% | +20.8% |
| 2026 | -69.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LVWR and QQQ good diversifiers for each other?
Yes: at 0.10, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LVWR and QQQ?
Using weekly returns as of 2026-08-27: 0.10 over 3 years, with -0.05 over the last year and 0.11 over 5 years.
Is QQQ a good diversifier for LVWR?
Yes: at 0.10, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.10 mean?
On the −1 to +1 scale, 0.10 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/lvwr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lvwr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LVWR correlations · QQQ correlations
