LWLG vs QQQ: Correlation
Measured on weekly returns over the past three years, Lightwave Logic, Inc. (LWLG) and Invesco QQQ Trust (QQQ) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LWLG and QQQ?
Across a 3-year window, the weekly returns of LWLG and QQQ correlate at 0.29, weak. Little has changed lately, as the 1-year reading of 0.23 lands near the 3-year figure. Stretching to 5 years gives 0.37, with an annualized covariance of 628.9 %².
Out of 12 assets tracked against LWLG, QQQ lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with LWLG ahead by 36.8 points (+63.1% versus +26.3%). Risk is not evenly split, since LWLG carries 5.7 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.
LWLG vs QQQ: side by side
| LWLG (Lightwave Logic, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +63.1% | +26.3% |
| 5-year return | -48.5% | +95.4% |
| Volatility (ann.) | 110.8% | 19.6% |
| Beta vs S&P 500 | 2.43 | 1.28 |
| Max drawdown (3Y) | -87.7% | -22.8% |
| Market cap | $0.9B | – |
| 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 | LWLG | QQQ |
|---|---|---|
| 2022 | -71.0% | -32.6% |
| 2023 | +15.5% | +54.9% |
| 2024 | -57.8% | +25.6% |
| 2025 | +54.3% | +20.8% |
| 2026 | +81.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LWLG and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LWLG and QQQ?
As of 2026-08-27, the correlation of weekly returns between LWLG and QQQ is 0.29 over 3 years, 0.23 over 1 year and 0.37 over 5 years.
Is QQQ a good diversifier for LWLG?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 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/lwlg-vs-qqq.json
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[](https://www.pairbook.io/pair/lwlg-vs-qqq/)
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Related comparisons
Hubs: LWLG correlations · QQQ correlations
