Which stocks are most correlated with QQXT?

Based on one year of daily returns, the stocks most correlated with First Trust NASDAQ - 100 Ex-Technology Sector Index Fund (QQXT) are SHUS (0.86), OUSA (0.86) and FLQM (0.85). 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 QQXT?

Over the past year, the stocks most inversely correlated with First Trust NASDAQ - 100 Ex-Technology Sector Index Fund (QQXT) are DXD (-0.71), SDOW (-0.71) and HDGE (-0.70). A negative correlation means the two stocks have tended to move in opposite directions.

First Trust NASDAQ - 100 Ex-Technology Sector Index Fund (QQXT) — Stock Correlations & Overview

Over the past year, QQXT has moved most closely with SHUS, OUSA, FLQM. Explore the stocks most correlated and inversely correlated with QQXT below, along with its price, financials, and company profile.

Stocks correlated with QQXT

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

Most correlated with QQXT

Symbol	Company	Correlation
SHUS	Stratified LargeCap Hedged ETF	0.86
OUSA	ALPS O'Shares U.S. Quality Dividend ETF	0.86
FLQM	Franklin U.S. Mid Cap Multifactor Index ETF	0.85
SPXD	Xtrackers S&P 500 Diversified Sector Weight ETF	0.85
DIVE	Dana Concentrated Dividend ETF	0.85

Most inversely correlated with QQXT

Symbol	Company	Correlation
DXD	ProShares UltraShort Dow 30	-0.71
SDOW	ProShares UltraPro Short Dow 30	-0.71
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.70
DOG	ProShares Short Dow30	-0.70
SCC	ProShares UltraShort Consumer Discretionary	-0.69

Frequently asked questions about QQXT correlations

Which stocks are most correlated with QQXT?: Based on one year of daily returns, the stocks most correlated with First Trust NASDAQ - 100 Ex-Technology Sector Index Fund (QQXT) are SHUS (0.86), OUSA (0.86) and FLQM (0.85). 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 QQXT?: Over the past year, the stocks most inversely correlated with First Trust NASDAQ - 100 Ex-Technology Sector Index Fund (QQXT) are DXD (-0.71), SDOW (-0.71) and HDGE (-0.70). 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 QQXT correlations calculated?: We compute the correlation of daily returns between QQXT 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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