Which stocks are most correlated with NDAQ?

Based on one year of daily returns, the stocks most correlated with Nasdaq, Inc. Common Stock (NDAQ) are SPGI (0.67), MCO (0.66) and ICE (0.62). 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 NDAQ?

Over the past year, the stocks most inversely correlated with Nasdaq, Inc. Common Stock (NDAQ) are SKF (-0.51), FAZ (-0.51) and SEF (-0.51). A negative correlation means the two stocks have tended to move in opposite directions.

Nasdaq, Inc. Common Stock (NDAQ) — Stock Correlations & Overview

Over the past year, NDAQ has moved most closely with SPGI, MCO, ICE. Explore the stocks most correlated and inversely correlated with NDAQ below, along with its price, financials, and company profile.

Stocks correlated with NDAQ

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

Most correlated with NDAQ

Symbol	Company	Correlation
SPGI	S&P Global Inc.SERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES	0.67
MCO	Moody's CorporationSERVICES-CONSUMER CREDIT REPORTING, COLLECTION AGENCIES	0.66
ICE	Intercontinental Exchange Inc.SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES	0.62
KCE	State Street SPDR S&P Capital Markets ETF	0.60
FDFF	Fidelity Disruptive Finance ETF	0.59

Most inversely correlated with NDAQ

Symbol	Company	Correlation
SKF	ProShares UltraShort Financials	-0.51
FAZ	Direxion Daily Financial Bear 3x ETF	-0.51
SEF	ProShares Short Financials	-0.51
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.46
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.44

Frequently asked questions about NDAQ correlations

Which stocks are most correlated with NDAQ?: Based on one year of daily returns, the stocks most correlated with Nasdaq, Inc. Common Stock (NDAQ) are SPGI (0.67), MCO (0.66) and ICE (0.62). 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 NDAQ?: Over the past year, the stocks most inversely correlated with Nasdaq, Inc. Common Stock (NDAQ) are SKF (-0.51), FAZ (-0.51) and SEF (-0.51). 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 NDAQ correlations calculated?: We compute the correlation of daily returns between NDAQ 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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