INQQ The India Internet ETF (INQQ) — Stock Correlations & Overview
Over the past year, INQQ has moved most closely with GIND, INDL, INDA. Explore the stocks most correlated and inversely correlated with INQQ below, along with its price, financials, and company profile.
Stocks correlated with INQQ
Correlation of daily returns. Higher positive values move with INQQ; negative values move opposite it. Informational only, not investment advice.
Most correlated with INQQ
| Symbol | Company | Correlation |
|---|---|---|
| GIND | Goldman Sachs India Equity ETF | 0.84 |
| INDL | Direxion Daily MSCI India Bull 2X ETF | 0.84 |
| INDA | iShares MSCI India ETF | 0.84 |
| FLIN | Franklin FTSE India ETF | 0.84 |
| INDE | Matthews India Active ETF | 0.83 |
Most inversely correlated with INQQ
| Symbol | Company | Correlation |
|---|---|---|
| DBE | Invesco DB Energy FundCOMMODITY CONTRACTS BROKERS & DEALERS | -0.52 |
| BNO | United States Brent Oil Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | -0.51 |
| USO | United States Oil Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | -0.50 |
| GSG | iShares S&P GSCI Commodity-Indexed TrustCOMMODITY CONTRACTS BROKERS & DEALERS | -0.50 |
| USOY | Defiance Oil Enhanced Options Income ETF | -0.49 |
Frequently asked questions about INQQ correlations
- Which stocks are most correlated with INQQ?
- Based on one year of daily returns, the stocks most correlated with INQQ The India Internet ETF (INQQ) are GIND (0.84), INDL (0.84) and INDA (0.84). 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 INQQ?
- Over the past year, the stocks most inversely correlated with INQQ The India Internet ETF (INQQ) are DBE (-0.52), BNO (-0.51) and USO (-0.50). 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 INQQ correlations calculated?
- We compute the correlation of daily returns between INQQ 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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