Which stocks are most correlated with CPNQ?

Based on one year of daily returns, the stocks most correlated with Calamos Nasdaq-100 Structured Alt Protection ETF - December (CPNQ) are QDEC (0.86), NDEC (0.85) and QTOC (0.85). 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 CPNQ?

Over the past year, the stocks most inversely correlated with Calamos Nasdaq-100 Structured Alt Protection ETF - December (CPNQ) are SQQQ (-0.82), QID (-0.82) and PSQ (-0.82). A negative correlation means the two stocks have tended to move in opposite directions.

Calamos Nasdaq-100 Structured Alt Protection ETF - December (CPNQ) — Stock Correlations & Overview

Over the past year, CPNQ has moved most closely with QDEC, NDEC, QTOC. Explore the stocks most correlated and inversely correlated with CPNQ below, along with its price, financials, and company profile.

Stocks correlated with CPNQ

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

Most correlated with CPNQ

Symbol	Company	Correlation
QDEC	FT Vest Growth-100 Buffer ETF - December	0.86
NDEC	Innovator Growth-100 Power Buffer ETF - December	0.85
QTOC	Innovator Growth Accelerated Plus ETF - October	0.85
NMAR	Innovator Growth-100 Power Buffer ETF - March	0.85
PQJA	PGIM Nasdaq-100 Buffer 12 ETF - January	0.84

Most inversely correlated with CPNQ

Symbol	Company	Correlation
SQQQ	ProShares UltraPro Short QQQ	-0.82
QID	ProShares UltraShort QQQ	-0.82
PSQ	ProShares Short QQQ	-0.82
SPXU	ProShares UltraPro Short S&P 500	-0.81
SDS	ProShares UltraShort S&P500	-0.81

Frequently asked questions about CPNQ correlations

Which stocks are most correlated with CPNQ?: Based on one year of daily returns, the stocks most correlated with Calamos Nasdaq-100 Structured Alt Protection ETF - December (CPNQ) are QDEC (0.86), NDEC (0.85) and QTOC (0.85). 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 CPNQ?: Over the past year, the stocks most inversely correlated with Calamos Nasdaq-100 Structured Alt Protection ETF - December (CPNQ) are SQQQ (-0.82), QID (-0.82) and PSQ (-0.82). 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 CPNQ correlations calculated?: We compute the correlation of daily returns between CPNQ 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.