LYFT vs QQQ: Correlation
How closely do Lyft, Inc. (LYFT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYFT and QQQ?
Over the past 3 years, LYFT and QQQ moved with a correlation of 0.36, which is moderate. The past 12 months show a tighter link (0.47) than the 3-year average (0.36). Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 429.8 %².
Out of 13 assets tracked against LYFT, QQQ lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 19.5 percentage points (+6.8% for LYFT against +26.3% for QQQ). Risk is not evenly split, since LYFT carries 3.2 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.
LYFT vs QQQ: side by side
| LYFT (Lyft, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +6.8% | +26.3% |
| 5-year return | -63.2% | +95.4% |
| Volatility (ann.) | 61.8% | 19.6% |
| Beta vs S&P 500 | 1.77 | 1.28 |
| Max drawdown (3Y) | -55.2% | -22.8% |
| Market cap | $6.6B | – |
| P/E (trailing) | 2.5 | – |
| 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 | LYFT | QQQ |
|---|---|---|
| 2022 | -74.2% | -32.6% |
| 2023 | +36.0% | +54.9% |
| 2024 | -13.9% | +25.6% |
| 2025 | +50.2% | +20.8% |
| 2026 | -10.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYFT and QQQ good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LYFT and QQQ?
As of 2026-08-27, the correlation of weekly returns between LYFT and QQQ is 0.36 over 3 years, 0.47 over 1 year and 0.39 over 5 years.
Is QQQ a good diversifier for LYFT?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 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/lyft-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lyft-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LYFT correlations · QQQ correlations
