Which stocks are most correlated with PQAP?

Based on one year of daily returns, the stocks most correlated with PGIM Nasdaq-100 Buffer 12 ETF - April (PQAP) are NAPR (0.93), QTAP (0.93) and QSIX (0.89). 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 PQAP?

Over the past year, the stocks most inversely correlated with PGIM Nasdaq-100 Buffer 12 ETF - April (PQAP) are SQQQ (-0.88), QID (-0.88) and PSQ (-0.88). A negative correlation means the two stocks have tended to move in opposite directions.

PGIM Nasdaq-100 Buffer 12 ETF - April (PQAP) — Stock Correlations & Overview

Over the past year, PQAP has moved most closely with NAPR, QTAP, QSIX. Explore the stocks most correlated and inversely correlated with PQAP below, along with its price, financials, and company profile.

Stocks correlated with PQAP

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

Most correlated with PQAP

Symbol	Company	Correlation
NAPR	Innovator Growth-100 Power Buffer ETF - April	0.93
QTAP	Innovator Growth Accelerated Plus ETF - April	0.93
QSIX	Pacer Metaurus Nasdaq 100 Dividend Multiplier 600 ETF	0.89
XTAP	Innovator U.S. Equity Accelerated Plus ETF - April	0.88
QQQ	Invesco QQQ Trust, Series 1	0.88

Most inversely correlated with PQAP

Symbol	Company	Correlation
SQQQ	ProShares UltraPro Short QQQ	-0.88
QID	ProShares UltraShort QQQ	-0.88
PSQ	ProShares Short QQQ	-0.88
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.83
SPXU	ProShares UltraPro Short S&P 500	-0.83

Frequently asked questions about PQAP correlations

Which stocks are most correlated with PQAP?: Based on one year of daily returns, the stocks most correlated with PGIM Nasdaq-100 Buffer 12 ETF - April (PQAP) are NAPR (0.93), QTAP (0.93) and QSIX (0.89). 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 PQAP?: Over the past year, the stocks most inversely correlated with PGIM Nasdaq-100 Buffer 12 ETF - April (PQAP) are SQQQ (-0.88), QID (-0.88) and PSQ (-0.88). 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 PQAP correlations calculated?: We compute the correlation of daily returns between PQAP 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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