Which stocks are most correlated with QXQ?

Based on one year of daily returns, the stocks most correlated with SGI Enhanced Nasdaq-100 ETF (QXQ) are WUGI (0.94), SNTH (0.92) and TRIO (0.90). 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 QXQ?

Over the past year, the stocks most inversely correlated with SGI Enhanced Nasdaq-100 ETF (QXQ) are QID (-0.77), SQQQ (-0.77) and PSQ (-0.77). A negative correlation means the two stocks have tended to move in opposite directions.

SGI Enhanced Nasdaq-100 ETF (QXQ) — Stock Correlations & Overview

Over the past year, QXQ has moved most closely with WUGI, SNTH, TRIO. Explore the stocks most correlated and inversely correlated with QXQ below, along with its price, financials, and company profile.

Stocks correlated with QXQ

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

Most correlated with QXQ

Symbol	Company	Correlation
WUGI	AXS Esoterica NextG Economy ETF	0.94
SNTH	MRP SynthEquity ETF	0.92
TRIO	MC Trio Equity Buffered ETF	0.90
SPUC	Simplify US Equity Income ETF	0.86
DMAX	iShares Large Cap Max Buffer Dec ETF	0.83

Most inversely correlated with QXQ

Symbol	Company	Correlation
QID	ProShares UltraShort QQQ	-0.77
SQQQ	ProShares UltraPro Short QQQ	-0.77
PSQ	ProShares Short QQQ	-0.77
REW	Proshares UltraShort Technology	-0.74
BERZ	MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.74

Frequently asked questions about QXQ correlations

Which stocks are most correlated with QXQ?: Based on one year of daily returns, the stocks most correlated with SGI Enhanced Nasdaq-100 ETF (QXQ) are WUGI (0.94), SNTH (0.92) and TRIO (0.90). 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 QXQ?: Over the past year, the stocks most inversely correlated with SGI Enhanced Nasdaq-100 ETF (QXQ) are QID (-0.77), SQQQ (-0.77) and PSQ (-0.77). 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 QXQ correlations calculated?: We compute the correlation of daily returns between QXQ 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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