LZB vs QQQ: Correlation
Measured on weekly returns over the past three years, La-Z-Boy Incorporated (LZB) and Invesco QQQ Trust (QQQ) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LZB and QQQ?
Over the past 3 years, LZB and QQQ moved with a correlation of 0.24, which is weak. Recent behaviour matches the longer record: 0.17 over 1 year against 0.24 over 3. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 156.2 %².
Among the 14 assets we track against LZB, QQQ sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with QQQ ahead by 35.2 points (-8.9% versus +26.3%). Risk is not evenly split, since LZB carries 1.7 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.
LZB vs QQQ: side by side
| LZB (La-Z-Boy Incorporated) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -8.9% | +26.3% |
| 5-year return | +3.8% | +95.4% |
| Volatility (ann.) | 33.7% | 19.6% |
| Beta vs S&P 500 | 0.78 | 1.28 |
| Max drawdown (3Y) | -37.9% | -22.8% |
| Market cap | $1.3B | – |
| P/E (trailing) | 16.4 | – |
| Dividend yield | 2.93% | 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 | LZB | QQQ |
|---|---|---|
| 2022 | -35.5% | -32.6% |
| 2023 | +65.7% | +54.9% |
| 2024 | +20.4% | +25.6% |
| 2025 | -12.5% | +20.8% |
| 2026 | -11.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LZB and QQQ good diversifiers for each other?
Reasonably. At 0.24, LZB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LZB and QQQ?
The LZB/QQQ correlation stands at 0.24 on a 3-year window (1 year: 0.17, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LZB?
Reasonably. At 0.24, LZB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lzb-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lzb-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LZB correlations · QQQ correlations
