Invesco China Technology ETF (CQQQ) — Stock Correlations & Overview
Over the past year, CQQQ has moved most closely with TCHI, CNQQ, CXSE. Explore the stocks most correlated and inversely correlated with CQQQ below, along with its price, financials, and company profile.
Stocks correlated with CQQQ
Correlation of daily returns. Higher positive values move with CQQQ; negative values move opposite it. Informational only, not investment advice.
Most correlated with CQQQ
| Symbol | Company | Correlation |
|---|---|---|
| TCHI | iShares MSCI China Multisector Tech ETF | 0.95 |
| CNQQ | Rayliant-ChinaAMC Transformative China Tech ETF | 0.94 |
| CXSE | WisdomTree Trust WisdomTree China ex-State-Owned Enterprises Fund | 0.92 |
| DRGN | Themes China Generative Artificial Intelligence ETF | 0.91 |
| MCH | Matthews China Active ETF | 0.87 |
Most inversely correlated with CQQQ
| Symbol | Company | Correlation |
|---|---|---|
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.72 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.71 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.71 |
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.67 |
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.67 |
Frequently asked questions about CQQQ correlations
- Which stocks are most correlated with CQQQ?
- Based on one year of daily returns, the stocks most correlated with Invesco China Technology ETF (CQQQ) are TCHI (0.95), CNQQ (0.94) and CXSE (0.92). 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 CQQQ?
- Over the past year, the stocks most inversely correlated with Invesco China Technology ETF (CQQQ) are EUM (-0.72), EEV (-0.71) and EDZ (-0.71). 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 CQQQ correlations calculated?
- We compute the correlation of daily returns between CQQQ 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.
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