Which stocks are most correlated with QAT?

Based on one year of daily returns, the stocks most correlated with iShares Trust iShares MSCI Qatar ETF (QAT) are UAE (0.48), EELV (0.46) and LTM (0.45). 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 QAT?

Over the past year, the stocks most inversely correlated with iShares Trust iShares MSCI Qatar ETF (QAT) are SPXU (-0.40), SDS (-0.39) and SPXS (-0.39). A negative correlation means the two stocks have tended to move in opposite directions.

iShares Trust iShares MSCI Qatar ETF (QAT) — Stock Correlations & Overview

Over the past year, QAT has moved most closely with UAE, EELV, LTM. Explore the stocks most correlated and inversely correlated with QAT below, along with its price, financials, and company profile.

Stocks correlated with QAT

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

Most correlated with QAT

Symbol	Company	Correlation
UAE	iShares Trust iShares MSCI UAE ETF	0.48
EELV	Invesco S&P Emerging Markets Low Volatility ETFINVESTMENT ADVICE	0.46
LTM	LATAM Airlines Group S.A. American Depositary Shares (each representing two thousand (2,000) shares of Common Stock)	0.45
EDIV	State Street SPDR S&P Emerging Markets Dividend ETF	0.45
XCNY	SPDR Index Shares Fund State Street SPDR S&P Emerging Markets ex-China ETF	0.45

Most inversely correlated with QAT

Symbol	Company	Correlation
SPXU	ProShares UltraPro Short S&P 500	-0.40
SDS	ProShares UltraShort S&P500	-0.39
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.39
EFU	ProShares Trust UltraShort MSCI EAFE	-0.39
SH	ProShares Short S&P500	-0.39

Frequently asked questions about QAT correlations

Which stocks are most correlated with QAT?: Based on one year of daily returns, the stocks most correlated with iShares Trust iShares MSCI Qatar ETF (QAT) are UAE (0.48), EELV (0.46) and LTM (0.45). 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 QAT?: Over the past year, the stocks most inversely correlated with iShares Trust iShares MSCI Qatar ETF (QAT) are SPXU (-0.40), SDS (-0.39) and SPXS (-0.39). 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 QAT correlations calculated?: We compute the correlation of daily returns between QAT 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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