Which stocks are most correlated with CPNJ?

Based on one year of daily returns, the stocks most correlated with Calamos Nasdaq-100 Structured Alt Protection ETF - June (CPNJ) are NJUN (0.91), QMMY (0.91) and MQQQ (0.88). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with CPNJ?

Over the past year, the stocks most inversely correlated with Calamos Nasdaq-100 Structured Alt Protection ETF - June (CPNJ) are QID (-0.87), PSQ (-0.87) and SQQQ (-0.87). A negative correlation means the two stocks have tended to move in opposite directions.

Calamos Nasdaq-100 Structured Alt Protection ETF - June (CPNJ) — Stock Correlations & Overview

Over the past year, CPNJ has moved most closely with NJUN, QMMY, MQQQ. Explore the stocks most correlated and inversely correlated with CPNJ below, along with its price, financials, and company profile.

Stocks correlated with CPNJ

Correlation of daily returns. Higher positive values move with CPNJ; negative values move opposite it. Informational only, not investment advice.

Most correlated with CPNJ

Symbol	Company	Correlation
NJUN	Innovator Growth-100 Power Buffer ETF - June	0.91
QMMY	FT Vest Nasdaq-100 Moderate Buffer ETF - May	0.91
MQQQ	Investment Managers Series Trust II Tradr 2X Long Innovation 100 Monthly ETF	0.88
JUNT	AllianzIM U.S. Equity Buffer10 Jun ETF	0.87
JUNW	AllianzIM U.S. Equity Buffer20 Jun ETF	0.87

Most inversely correlated with CPNJ

Symbol	Company	Correlation
QID	ProShares UltraShort QQQ	-0.87
PSQ	ProShares Short QQQ	-0.87
SQQQ	ProShares UltraPro Short QQQ	-0.87
REW	Proshares UltraShort Technology	-0.82
TECS	Direxion Daily Technology Bear 3x ETF	-0.82

Frequently asked questions about CPNJ correlations

Which stocks are most correlated with CPNJ?: Based on one year of daily returns, the stocks most correlated with Calamos Nasdaq-100 Structured Alt Protection ETF - June (CPNJ) are NJUN (0.91), QMMY (0.91) and MQQQ (0.88). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with CPNJ?: Over the past year, the stocks most inversely correlated with Calamos Nasdaq-100 Structured Alt Protection ETF - June (CPNJ) are QID (-0.87), PSQ (-0.87) and SQQQ (-0.87). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these CPNJ correlations calculated?: We compute the correlation of daily returns between CPNJ and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.