LYTS vs QQQ: Correlation
LSI Industries Inc. (LYTS) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYTS and QQQ?
On 3 years of weekly data the LYTS/QQQ correlation comes out at 0.37, moderate. The link has tightened recently: the 1-year correlation (0.52) runs above the 3-year figure (0.37). The 5-year figure is 0.17, and annualized covariance runs at 282.4 %².
Among the 12 assets we track against LYTS, QQQ sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 36.3 percentage points (-10.0% for LYTS against +26.3% for QQQ). One caveat on sizing: LYTS is 2.0 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.
LYTS vs QQQ: side by side
| LYTS (LSI Industries Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -10.0% | +26.3% |
| 5-year return | +167.4% | +95.4% |
| Volatility (ann.) | 38.6% | 19.6% |
| Beta vs S&P 500 | 1.13 | 1.28 |
| Max drawdown (3Y) | -40.6% | -22.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | 30.1 | – |
| Dividend yield | 0.99% | 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 | LYTS | QQQ |
|---|---|---|
| 2022 | +82.9% | -32.6% |
| 2023 | +16.8% | +54.9% |
| 2024 | +39.7% | +25.6% |
| 2025 | -4.7% | +20.8% |
| 2026 | +10.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYTS and QQQ good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LYTS and QQQ?
As of 2026-08-27, the correlation of weekly returns between LYTS and QQQ is 0.37 over 3 years, 0.52 over 1 year and 0.17 over 5 years.
Is QQQ a good diversifier for LYTS?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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: LYTS correlations · QQQ correlations
