LYV vs QQQ: Correlation
Measured on weekly returns over the past three years, Live Nation Entertainment (LYV) and Invesco QQQ Trust (QQQ) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LYV and QQQ?
Across a 3-year window, the weekly returns of LYV and QQQ correlate at 0.50, moderate. The link has loosened recently: the 1-year correlation (0.28) runs below the 3-year figure (0.50). Stretching to 5 years gives 0.55, with an annualized covariance of 276.6 %².
Among the 35 assets we track against LYV, QQQ ranks #16 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 17.2 percentage points (+9.1% for LYV against +26.3% for QQQ). The rolling one-year correlation moved between 0.25 and 0.65 over the past three years, a moderate range.
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.
LYV vs QQQ: side by side
| LYV (Live Nation Entertainment) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +9.1% | +26.3% |
| 5-year return | +108.7% | +95.4% |
| Volatility (ann.) | 28.1% | 19.6% |
| Beta vs S&P 500 | 1.02 | 1.28 |
| Max drawdown (3Y) | -27.8% | -22.8% |
| Market cap | $42.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Communication Services | 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 | LYV | QQQ |
|---|---|---|
| 2022 | -41.7% | -32.6% |
| 2023 | +34.2% | +54.9% |
| 2024 | +38.4% | +25.6% |
| 2025 | +10.0% | +20.8% |
| 2026 | +26.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LYV and QQQ good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between LYV and QQQ?
As of 2026-08-27, the correlation of weekly returns between LYV and QQQ is 0.50 over 3 years, 0.28 over 1 year and 0.55 over 5 years.
Is QQQ a good diversifier for LYV?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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
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Related comparisons
Hubs: LYV correlations · QQQ correlations
