Which stocks are most correlated with QMNV?

Based on one year of daily returns, the stocks most correlated with FT Vest Nasdaq-100 Moderate Buffer ETF - November (QMNV) are NDEC (0.96), PQJA (0.95) and QTJA (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 QMNV?

Over the past year, the stocks most inversely correlated with FT Vest Nasdaq-100 Moderate Buffer ETF - November (QMNV) are QID (-0.89), SQQQ (-0.89) and SPXU (-0.89). A negative correlation means the two stocks have tended to move in opposite directions.

FT Vest Nasdaq-100 Moderate Buffer ETF - November (QMNV) — Stock Correlations & Overview

Over the past year, QMNV has moved most closely with NDEC, PQJA, QTJA. Explore the stocks most correlated and inversely correlated with QMNV below, along with its price, financials, and company profile.

Stocks correlated with QMNV

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

Most correlated with QMNV

Symbol	Company	Correlation
NDEC	Innovator Growth-100 Power Buffer ETF - December	0.96
PQJA	PGIM Nasdaq-100 Buffer 12 ETF - January	0.95
QTJA	Innovator Growth Accelerated Plus ETF - January	0.95
NJAN	Innovator Growth-100 Power Buffer ETF - January	0.94
NFEB	Innovator Growth-100 Power Buffer ETF - February	0.94

Most inversely correlated with QMNV

Symbol	Company	Correlation
QID	ProShares UltraShort QQQ	-0.89
SQQQ	ProShares UltraPro Short QQQ	-0.89
SPXU	ProShares UltraPro Short S&P 500	-0.89
PSQ	ProShares Short QQQ	-0.89
SDS	ProShares UltraShort S&P500	-0.89

Frequently asked questions about QMNV correlations

Which stocks are most correlated with QMNV?: Based on one year of daily returns, the stocks most correlated with FT Vest Nasdaq-100 Moderate Buffer ETF - November (QMNV) are NDEC (0.96), PQJA (0.95) and QTJA (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 QMNV?: Over the past year, the stocks most inversely correlated with FT Vest Nasdaq-100 Moderate Buffer ETF - November (QMNV) are QID (-0.89), SQQQ (-0.89) and SPXU (-0.89). 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 QMNV correlations calculated?: We compute the correlation of daily returns between QMNV 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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