Which stocks are most correlated with QCMU?

Based on one year of daily returns, the stocks most correlated with Direxion Daily QCOM Bull 2X ETF (QCMU) are QCML (1.00), QCOM (1.00) and SNSR (0.66). 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 QCMU?

Over the past year, the stocks most inversely correlated with Direxion Daily QCOM Bull 2X ETF (QCMU) are QCMD (-0.99), HIBS (-0.60) and SOXS (-0.58). A negative correlation means the two stocks have tended to move in opposite directions.

Direxion Daily QCOM Bull 2X ETF (QCMU) — Stock Correlations & Overview

Over the past year, QCMU has moved most closely with QCML, QCOM, SNSR. Explore the stocks most correlated and inversely correlated with QCMU below, along with its price, financials, and company profile.

Stocks correlated with QCMU

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

Most correlated with QCMU

Symbol	Company	Correlation
QCML	GraniteShares 2x Long QCOM Daily ETF	1.00
QCOM	Qualcomm IncRADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT	1.00
SNSR	Global X Funds Global X Internet of Things ETF	0.66
VERS	ProShares Metaverse ETF	0.65
XSD	State Street SPDR S&P Semiconductor ETF	0.65

Most inversely correlated with QCMU

Symbol	Company	Correlation
QCMD	Direxion Daily QCOM Bear 1X ETF	-0.99
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.60
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.58
PSQ	ProShares Short QQQ	-0.57
SQQQ	ProShares UltraPro Short QQQ	-0.56

Frequently asked questions about QCMU correlations

Which stocks are most correlated with QCMU?: Based on one year of daily returns, the stocks most correlated with Direxion Daily QCOM Bull 2X ETF (QCMU) are QCML (1.00), QCOM (1.00) and SNSR (0.66). 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 QCMU?: Over the past year, the stocks most inversely correlated with Direxion Daily QCOM Bull 2X ETF (QCMU) are QCMD (-0.99), HIBS (-0.60) and SOXS (-0.58). 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 QCMU correlations calculated?: We compute the correlation of daily returns between QCMU 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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