WisdomTree U.S. MidCap Quality Growth Fund (QMID) — Stock Correlations & Overview
Over the past year, QMID has moved most closely with QSML, FSGS, EUSA. Explore the stocks most correlated and inversely correlated with QMID below, along with its price, financials, and company profile.
Stocks correlated with QMID
Correlation of daily returns. Higher positive values move with QMID; negative values move opposite it. Informational only, not investment advice.
Most correlated with QMID
| Symbol | Company | Correlation |
|---|---|---|
| QSML | WisdomTree U.S. SmallCap Quality Growth Fund | 0.92 |
| FSGS | First Trust Exchange-Traded Fund VI First Trust SMID Growth Strength ETF | 0.92 |
| EUSA | iShares MSCI USA Equal Weighted ETF | 0.92 |
| ISCB | iShares Morningstar Small-Cap ETF | 0.91 |
| GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 0.91 |
Frequently asked questions about QMID correlations
- Which stocks are most correlated with QMID?
- Based on one year of daily returns, the stocks most correlated with WisdomTree U.S. MidCap Quality Growth Fund (QMID) are QSML (0.92), FSGS (0.92) and EUSA (0.92). 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 QMID?
- Over the past year, the stocks most inversely correlated with WisdomTree U.S. MidCap Quality Growth Fund (QMID) are SMDD (-0.88), MZZ (-0.87) and MYY (-0.87). 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 QMID correlations calculated?
- We compute the correlation of daily returns between QMID 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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