LWAY vs QQQ: Correlation
Lifeway Foods, Inc. (LWAY) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LWAY and QQQ?
Over the past 3 years, LWAY and QQQ moved with a correlation of 0.14, which is weak. Little has changed lately, as the 1-year reading of 0.16 lands near the 3-year figure. Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 196.2 %².
Out of 11 assets tracked against LWAY, QQQ lands near the bottom at #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 40.4 points (-14.1% versus +26.3%). One caveat on sizing: LWAY is 3.8 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.
LWAY vs QQQ: side by side
| LWAY (Lifeway Foods, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -14.1% | +26.3% |
| 5-year return | +385.7% | +95.4% |
| Volatility (ann.) | 73.8% | 19.6% |
| Beta vs S&P 500 | 0.75 | 1.28 |
| Max drawdown (3Y) | -60.5% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 38.4 | – |
| 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 | LWAY | QQQ |
|---|---|---|
| 2022 | +20.7% | -32.6% |
| 2023 | +141.6% | +54.9% |
| 2024 | +84.9% | +25.6% |
| 2025 | -2.3% | +20.8% |
| 2026 | +7.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LWAY and QQQ good diversifiers for each other?
Yes. With a correlation of 0.14, LWAY and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LWAY and QQQ?
Using weekly returns as of 2026-08-27: 0.14 over 3 years, with 0.16 over the last year and 0.16 over 5 years.
Is QQQ a good diversifier for LWAY?
Yes. With a correlation of 0.14, LWAY and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.14 mean?
A reading of 0.14 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/lway-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lway-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LWAY correlations · QQQ correlations
