LXU vs QQQ: Correlation
Measured on weekly returns over the past three years, LSB Industries, Inc. (LXU) and Invesco QQQ Trust (QQQ) carry a correlation of 0.08, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LXU and QQQ?
Over the past 3 years, LXU and QQQ moved with a correlation of 0.08, which is near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.27) runs below the 3-year figure (0.08). Over 5 years the correlation is 0.07, and the annualized covariance of weekly returns is 74.1 %².
Among the 12 assets we track against LXU, QQQ sits near the bottom by co-movement, at rank #9. Neither side won the trailing year by much: +26.2% against +26.3%. Note the risk asymmetry: LXU runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
LXU vs QQQ: side by side
| LXU (LSB Industries, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +26.2% | +26.3% |
| 5-year return | +67.6% | +95.4% |
| Volatility (ann.) | 45.6% | 19.6% |
| Beta vs S&P 500 | 0.53 | 1.28 |
| Max drawdown (3Y) | -53.8% | -22.8% |
| Market cap | $0.8B | – |
| P/E (trailing) | 20.9 | – |
| 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 | LXU | QQQ |
|---|---|---|
| 2022 | +20.4% | -32.6% |
| 2023 | -30.0% | +54.9% |
| 2024 | -18.5% | +25.6% |
| 2025 | +12.0% | +20.8% |
| 2026 | +22.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LXU and QQQ good diversifiers for each other?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LXU and QQQ?
Using weekly returns as of 2026-08-27: 0.08 over 3 years, with -0.27 over the last year and 0.07 over 5 years.
Is QQQ a good diversifier for LXU?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.08 mean?
On the −1 to +1 scale, 0.08 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.
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Related comparisons
Hubs: LXU correlations · QQQ correlations
