YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) — Stock Correlations & Overview
Over the past year, YMAG has moved most closely with MAGS, MAGX, QQQU. Explore the stocks most correlated and inversely correlated with YMAG below, along with its price, financials, and company profile.
Stocks correlated with YMAG
Correlation of daily returns. Higher positive values move with YMAG; negative values move opposite it. Informational only, not investment advice.
Most correlated with YMAG
| Symbol | Company | Correlation |
|---|---|---|
| MAGS | Roundhill Magnificent Seven ETF | 0.93 |
| MAGX | Roundhill Daily 2X Long Magnificent Seven ETF | 0.93 |
| QQQU | Direxion Daily Magnificent 7 Bull 2X ETF | 0.92 |
| QQUP | ProShares Trust ProShares Ultra QQQ Mega | 0.87 |
| QBIG | Invesco Top QQQ ETF | 0.87 |
Most inversely correlated with YMAG
| Symbol | Company | Correlation |
|---|---|---|
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.93 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.87 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.80 |
| SPXS | Direxion Daily S&P 500 Bear 3x ETF | -0.79 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.78 |
Frequently asked questions about YMAG correlations
- Which stocks are most correlated with YMAG?
- Based on one year of daily returns, the stocks most correlated with YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) are MAGS (0.93), MAGX (0.93) and QQQU (0.92). 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 YMAG?
- Over the past year, the stocks most inversely correlated with YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) are QQQD (-0.93), QQDN (-0.87) and FNGD (-0.80). 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 YMAG correlations calculated?
- We compute the correlation of daily returns between YMAG 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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