Invesco Top QQQ ETF (QBIG) — Stock Correlations & Overview
Over the past year, QBIG has moved most closely with QQUP, PRXG, MGK. Explore the stocks most correlated and inversely correlated with QBIG below, along with its price, financials, and company profile.
Stocks correlated with QBIG
Correlation of daily returns. Higher positive values move with QBIG; negative values move opposite it. Informational only, not investment advice.
Most correlated with QBIG
| Symbol | Company | Correlation |
|---|---|---|
| QQUP | ProShares Trust ProShares Ultra QQQ Mega | 1.00 |
| PRXG | Praxis Impact Large Cap Growth ETF | 0.95 |
| MGK | Vanguard Morningstar Mega Cap Growth ETF | 0.95 |
| XLG | Invesco S&P 500 Top 50 ETF | 0.94 |
| MPLY | Monopoly ETF | 0.94 |
Most inversely correlated with QBIG
| Symbol | Company | Correlation |
|---|---|---|
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.99 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.93 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.88 |
| SPXS | Direxion Daily S&P 500 Bear 3x ETF | -0.87 |
| SPXU | ProShares UltraPro Short S&P 500 | -0.86 |
Frequently asked questions about QBIG correlations
- Which stocks are most correlated with QBIG?
- Based on one year of daily returns, the stocks most correlated with Invesco Top QQQ ETF (QBIG) are QQUP (1.00), PRXG (0.95) and MGK (0.95). 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 QBIG?
- Over the past year, the stocks most inversely correlated with Invesco Top QQQ ETF (QBIG) are QQDN (-0.99), QQQD (-0.93) and FNGD (-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 QBIG correlations calculated?
- We compute the correlation of daily returns between QBIG 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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