GraniteShares YieldBOOST QQQ ETF (TQQY) — Stock Correlations & Overview
Over the past year, TQQY has moved most closely with YSPY, NSEP, DVQQ. Explore the stocks most correlated and inversely correlated with TQQY below, along with its price, financials, and company profile.
Stocks correlated with TQQY
Correlation of daily returns. Higher positive values move with TQQY; negative values move opposite it. Informational only, not investment advice.
Most correlated with TQQY
| Symbol | Company | Correlation |
|---|---|---|
| YSPY | GraniteShares YieldBOOST SPY ETF | 0.89 |
| NSEP | Innovator Growth-100 Power Buffer ETF - September | 0.81 |
| DVQQ | WEBs ETF Trust WEBs QQQ Defined Volatility ETF | 0.80 |
| NOCT | Innovator Growth-100 Power Buffer ETF- October | 0.79 |
| QSPT | FT Vest Nasdaq-100 Buffer ETF - September | 0.79 |
Frequently asked questions about TQQY correlations
- Which stocks are most correlated with TQQY?
- Based on one year of daily returns, the stocks most correlated with GraniteShares YieldBOOST QQQ ETF (TQQY) are YSPY (0.89), NSEP (0.81) and DVQQ (0.80). 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 TQQY?
- Over the past year, the stocks most inversely correlated with GraniteShares YieldBOOST QQQ ETF (TQQY) are SPDN (-0.75), SH (-0.74) and SDS (-0.74). 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 TQQY correlations calculated?
- We compute the correlation of daily returns between TQQY 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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