ProShares Trust ProShares Ultra QQQ Mega (QQUP) — Stock Correlations & Overview
Over the past year, QQUP has moved most closely with QBIG, PRXG, MGK. Explore the stocks most correlated and inversely correlated with QQUP below, along with its price, financials, and company profile.
Stocks correlated with QQUP
Correlation of daily returns. Higher positive values move with QQUP; negative values move opposite it. Informational only, not investment advice.
Most correlated with QQUP
| Symbol | Company | Correlation |
|---|---|---|
| QBIG | Invesco Top QQQ ETF | 1.00 |
| PRXG | Praxis Impact Large Cap Growth ETF | 0.95 |
| MGK | Vanguard Morningstar Mega Cap Growth ETF | 0.94 |
| XLG | Invesco S&P 500 Top 50 ETF | 0.94 |
| MPLY | Monopoly ETF | 0.94 |
Most inversely correlated with QQUP
| Symbol | Company | Correlation |
|---|---|---|
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -1.00 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.93 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.88 |
| SPXS | Direxion Daily S&P 500 Bear 3x ETF | -0.86 |
| SPXU | ProShares UltraPro Short S&P 500 | -0.86 |
Frequently asked questions about QQUP correlations
- Which stocks are most correlated with QQUP?
- Based on one year of daily returns, the stocks most correlated with ProShares Trust ProShares Ultra QQQ Mega (QQUP) are QBIG (1.00), PRXG (0.95) and MGK (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 QQUP?
- Over the past year, the stocks most inversely correlated with ProShares Trust ProShares Ultra QQQ Mega (QQUP) are QQDN (-1.00), QQQD (-0.93) and FNGD (-0.88). 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 QQUP correlations calculated?
- We compute the correlation of daily returns between QQUP 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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