Which stocks are most correlated with QXO?

Based on one year of daily returns, the stocks most correlated with QXO, Inc. (QXO) are QXOpB (0.98), FXR (0.69) and CCFE (0.68). 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 QXO?

Over the past year, the stocks most inversely correlated with QXO, Inc. (QXO) are MZZ (-0.62), SMDD (-0.62) and MYY (-0.61). A negative correlation means the two stocks have tended to move in opposite directions.

QXO, Inc. (QXO) — Stock Correlations & Overview

Over the past year, QXO has moved most closely with QXOpB, FXR, CCFE. Explore the stocks most correlated and inversely correlated with QXO below, along with its price, financials, and company profile.

Stocks correlated with QXO

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

Most correlated with QXO

Symbol	Company	Correlation
QXOpB	QXO, Inc. Depositary Shares, each representing a 1/20th interest in a share of 5.50% Series B Mandatory Convertible Preferred StockWHOLESALE-LUMBER & OTHER CONSTRUCTION MATERIALS	0.98
FXR	First Trust Industrials/Producer Durables AlphaDEX Fund	0.69
CCFE	Concourse Capital Focused Equity ETF	0.68
RSPN	Invesco S&P 500 Equal Weight Industrials ETF	0.66
XHB	State Street SPDR S&P Homebuilders ETF	0.65

Most inversely correlated with QXO

Symbol	Company	Correlation
MZZ	ProShares UltraShort MidCap400	-0.62
SMDD	ProShares UltraPro Short MidCap400	-0.62
MYY	ProShares Short MidCap400	-0.61
SIJ	ProShares UltraShort Industrials	-0.61
SBB	ProShares Short SmallCap600	-0.60

Frequently asked questions about QXO correlations

Which stocks are most correlated with QXO?: Based on one year of daily returns, the stocks most correlated with QXO, Inc. (QXO) are QXOpB (0.98), FXR (0.69) and CCFE (0.68). 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 QXO?: Over the past year, the stocks most inversely correlated with QXO, Inc. (QXO) are MZZ (-0.62), SMDD (-0.62) and MYY (-0.61). 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 QXO correlations calculated?: We compute the correlation of daily returns between QXO 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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