Which stocks are most correlated with QMAG?

Based on one year of daily returns, the stocks most correlated with FT Vest Nasdaq-100 Moderate Buffer ETF - August (QMAG) are PQOC (0.96), NSEP (0.96) and QTOC (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 QMAG?

Over the past year, the stocks most inversely correlated with FT Vest Nasdaq-100 Moderate Buffer ETF - August (QMAG) are SDS (-0.90), SPXS (-0.90) and SPXU (-0.90). A negative correlation means the two stocks have tended to move in opposite directions.

FT Vest Nasdaq-100 Moderate Buffer ETF - August (QMAG) — Stock Correlations & Overview

Over the past year, QMAG has moved most closely with PQOC, NSEP, QTOC. Explore the stocks most correlated and inversely correlated with QMAG below, along with its price, financials, and company profile.

Stocks correlated with QMAG

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

Most correlated with QMAG

Symbol	Company	Correlation
PQOC	PGIM Nasdaq-100 Buffer 12 ETF - October	0.96
NSEP	Innovator Growth-100 Power Buffer ETF - September	0.96
QTOC	Innovator Growth Accelerated Plus ETF - October	0.95
QDEC	FT Vest Growth-100 Buffer ETF - December	0.95
DLAG	FT Vest U.S. Equity Dual Directional Buffer ETF - August	0.95

Most inversely correlated with QMAG

Symbol	Company	Correlation
SDS	ProShares UltraShort S&P500	-0.90
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.90
SPXU	ProShares UltraPro Short S&P 500	-0.90
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.90
SH	ProShares Short S&P500	-0.89

Frequently asked questions about QMAG correlations

Which stocks are most correlated with QMAG?: Based on one year of daily returns, the stocks most correlated with FT Vest Nasdaq-100 Moderate Buffer ETF - August (QMAG) are PQOC (0.96), NSEP (0.96) and QTOC (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 QMAG?: Over the past year, the stocks most inversely correlated with FT Vest Nasdaq-100 Moderate Buffer ETF - August (QMAG) are SDS (-0.90), SPXS (-0.90) and SPXU (-0.90). 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 QMAG correlations calculated?: We compute the correlation of daily returns between QMAG 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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