LXFR vs QQQ: Correlation
Luxfer Holdings PLC (LXFR) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LXFR and QQQ?
On 3 years of weekly data the LXFR/QQQ correlation comes out at 0.29, weak. Recent behaviour matches the longer record: 0.24 over 1 year against 0.29 over 3. The 5-year figure is 0.31, and annualized covariance runs at 247.8 %².
Out of 11 assets tracked against LXFR, QQQ lands near the bottom at #8. The trailing year gives LXFR the advantage: +31.6% versus +26.3%, a 5.3-point spread. One caveat on sizing: LXFR is 2.2 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.
LXFR vs QQQ: side by side
| LXFR (Luxfer Holdings PLC) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +31.6% | +26.3% |
| 5-year return | -1.2% | +95.4% |
| Volatility (ann.) | 44.1% | 19.6% |
| Beta vs S&P 500 | 0.97 | 1.28 |
| Max drawdown (3Y) | -42.1% | -22.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | 35.0 | – |
| Dividend yield | 3.03% | 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 | LXFR | QQQ |
|---|---|---|
| 2022 | -26.6% | -32.6% |
| 2023 | -32.3% | +54.9% |
| 2024 | +53.9% | +25.6% |
| 2025 | +7.8% | +20.8% |
| 2026 | +30.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LXFR 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 LXFR and QQQ?
The LXFR/QQQ correlation stands at 0.29 on a 3-year window (1 year: 0.24, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LXFR?
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?
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/lxfr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lxfr-vs-qqq/)
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Related comparisons
Hubs: LXFR correlations · QQQ correlations
