Direxion Daily Magnificent 7 Bull 2X ETF (QQQU) — Stock Correlations & Overview
Over the past year, QQQU has moved most closely with MAGS, MAGX, YMAG. Explore the stocks most correlated and inversely correlated with QQQU below, along with its price, financials, and company profile.
Stocks correlated with QQQU
Correlation of daily returns. Higher positive values move with QQQU; negative values move opposite it. Informational only, not investment advice.
Most correlated with QQQU
| Symbol | Company | Correlation |
|---|---|---|
| MAGS | Roundhill Magnificent Seven ETF | 0.98 |
| MAGX | Roundhill Daily 2X Long Magnificent Seven ETF | 0.97 |
| YMAG | YieldMax Magnificent 7 Fund of Option Income ETFs | 0.92 |
| QQUP | ProShares Trust ProShares Ultra QQQ Mega | 0.91 |
| QBIG | Invesco Top QQQ ETF | 0.91 |
Most inversely correlated with QQQU
| Symbol | Company | Correlation |
|---|---|---|
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.97 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.91 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.81 |
| SPXS | Direxion Daily S&P 500 Bear 3x ETF | -0.81 |
| SDS | ProShares UltraShort S&P500 | -0.80 |
Frequently asked questions about QQQU correlations
- Which stocks are most correlated with QQQU?
- Based on one year of daily returns, the stocks most correlated with Direxion Daily Magnificent 7 Bull 2X ETF (QQQU) are MAGS (0.98), MAGX (0.97) and YMAG (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 QQQU?
- Over the past year, the stocks most inversely correlated with Direxion Daily Magnificent 7 Bull 2X ETF (QQQU) are QQQD (-0.97), QQDN (-0.91) and FNGD (-0.81). 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 QQQU correlations calculated?
- We compute the correlation of daily returns between QQQU 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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