NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) — Stock Correlations & Overview
Over the past year, QQQH has moved most closely with TUG, MQQQ, QQMG. Explore the stocks most correlated and inversely correlated with QQQH below, along with its price, financials, and company profile.
Stocks correlated with QQQH
Correlation of daily returns. Higher positive values move with QQQH; negative values move opposite it. Informational only, not investment advice.
Most correlated with QQQH
| Symbol | Company | Correlation |
|---|---|---|
| TUG | STF Tactical Growth ETF | 0.95 |
| MQQQ | Investment Managers Series Trust II Tradr 2X Long Innovation 100 Monthly ETF | 0.95 |
| QQMG | Invesco ESG NASDAQ 100 ETFINVESTMENT ADVICE | 0.94 |
| QQQP | Investment Managers Series Trust II Tradr 2X Long Innovation 100 Quarterly ETF | 0.94 |
| TQQQ | ProShares UltraPro QQQ | 0.94 |
Frequently asked questions about QQQH correlations
- Which stocks are most correlated with QQQH?
- Based on one year of daily returns, the stocks most correlated with NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) are TUG (0.95), MQQQ (0.95) and QQMG (0.94). 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 QQQH?
- Over the past year, the stocks most inversely correlated with NEOS Nasdaq-100 Hedged Equity Income ETF (QQQH) are SQQQ (-0.93), QID (-0.93) and PSQ (-0.92). 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 QQQH correlations calculated?
- We compute the correlation of daily returns between QQQH 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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