Which stocks are most correlated with QOWZ?

Based on one year of daily returns, the stocks most correlated with Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) are DTEC (0.88), BASG (0.86) and ABOT (0.86). 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 QOWZ?

Over the past year, the stocks most inversely correlated with Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) are WEBS (-0.80), HDGE (-0.74) and SDS (-0.72). A negative correlation means the two stocks have tended to move in opposite directions.

Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) — Stock Correlations & Overview

Over the past year, QOWZ has moved most closely with DTEC, BASG, ABOT. Explore the stocks most correlated and inversely correlated with QOWZ below, along with its price, financials, and company profile.

Stocks correlated with QOWZ

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

Most correlated with QOWZ

Symbol	Company	Correlation
DTEC	ALPS Disruptive Technologies ETF	0.88
BASG	Brown Advisory Sustainable Growth ETF	0.86
ABOT	Abacus FCF Innovation Leaders ETF	0.86
LGRO	Level Four Large Cap Growth Active ETF	0.86
PSET	Principal Exchange-Traded Funds Principal Quality ETF	0.85

Most inversely correlated with QOWZ

Symbol	Company	Correlation
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.80
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.74
SDS	ProShares UltraShort S&P500	-0.72
SPXU	ProShares UltraPro Short S&P 500	-0.72
SH	ProShares Short S&P500	-0.71

Frequently asked questions about QOWZ correlations

Which stocks are most correlated with QOWZ?: Based on one year of daily returns, the stocks most correlated with Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) are DTEC (0.88), BASG (0.86) and ABOT (0.86). 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 QOWZ?: Over the past year, the stocks most inversely correlated with Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) are WEBS (-0.80), HDGE (-0.74) and SDS (-0.72). 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 QOWZ correlations calculated?: We compute the correlation of daily returns between QOWZ 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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