SEI QiM U.S. Large Cap Momentum Active ETF (SEIM) — Stock Correlations & Overview
Over the past year, SEIM has moved most closely with JMOM, FDMO, PWB. Explore the stocks most correlated and inversely correlated with SEIM below, along with its price, financials, and company profile.
Stocks correlated with SEIM
Correlation of daily returns. Higher positive values move with SEIM; negative values move opposite it. Informational only, not investment advice.
Most correlated with SEIM
| Symbol | Company | Correlation |
|---|---|---|
| JMOM | JPMorgan U.S. Momentum Factor ETF | 0.96 |
| FDMO | Fidelity Momentum Factor ETF | 0.95 |
| PWB | Invesco Large Cap Growth ETF | 0.95 |
| FTC | First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index--symbol DEFILGOI) | 0.95 |
| GQQQ | Astoria US Quality Growth Kings ETF | 0.94 |
Frequently asked questions about SEIM correlations
- Which stocks are most correlated with SEIM?
- Based on one year of daily returns, the stocks most correlated with SEI QiM U.S. Large Cap Momentum Active ETF (SEIM) are JMOM (0.96), FDMO (0.95) and PWB (0.95). 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 SEIM?
- Over the past year, the stocks most inversely correlated with SEI QiM U.S. Large Cap Momentum Active ETF (SEIM) are SQQQ (-0.91), QID (-0.91) and HIBS (-0.91). 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 SEIM correlations calculated?
- We compute the correlation of daily returns between SEIM 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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