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Nasdaq-100 Correlation Leaderboard

These are the Nasdaq 100 correlation pairs: the stocks whose daily returns have moved most closely together, and most opposite to each other, over the last 30, 60 or 90 trading days. Highly correlated stocks tend to react to the same news, so holding several of them can add less diversification than it looks like.

For the cross-asset view (sectors, indices, commodities, crypto) and the S&P 500 version, see Correlations. To see how many Nasdaq 100 stocks are above their 200-day average, see Nasdaq 100 breadth.

Last updated: Oct 30, 2026, 2:17 AM UTC

Most correlated pair
0.91
CRWD ↔ PANW
Technology
Most inverse pair
-0.64
ADP ↔ ASML
Industrials / Other
Universe
92
stocks · 60-day returns
Pairs scored
4,185
top 25 shown per column

Nasdaq-100 Correlation Leaderboard

92 stocks, 60-day returns

The most and least correlated pairs across every Nasdaq-100 stock with price history.

Most Correlated

  1. 1
    CRWD ↔ PANW0.91
    Technology
  2. 2
    AMAT ↔ LRCX0.89
    Technology / Industrials
  3. 3
    ADI ↔ TXN0.88
    Technology
  4. 4
    EXC ↔ XEL0.88
    Utilities
  5. 5
    KLAC ↔ LRCX0.88
    Technology / Industrials
  6. 6
    AMAT ↔ KLAC0.87
    Technology
  7. 7
    ADP ↔ PAYX0.86
    Industrials
  8. 8
    AEP ↔ XEL0.85
    Utilities
  9. 9
    AEP ↔ EXC0.85
    Utilities
  10. 10
    ASML ↔ KLAC0.84
    Other / Technology
  11. 11
    ASML ↔ LRCX0.81
    Other / Industrials
  12. 12
    CDNS ↔ SNPS0.80
    Technology
  13. 13
    ASML ↔ TER0.79
    Other / Technology
  14. 14
    ADBE ↔ INTU0.79
    Technology
  15. 15
    FTNT ↔ PANW0.75
    Technology
  16. 16
    ALAB ↔ AMD0.74
    Technology
  17. 17
    ADI ↔ MCHP0.74
    Technology
  18. 18
    ADI ↔ ON0.74
    Technology
  19. 19
    NXPI ↔ ON0.72
    Technology
  20. 20
    ADP ↔ CSGP0.72
    Industrials
  21. 21
    MCHP ↔ TXN0.72
    Technology
  22. 22
    ON ↔ TXN0.72
    Technology
  23. 23
    ADP ↔ INTU0.72
    Industrials / Technology
  24. 24
    MCHP ↔ NXPI0.72
    Technology
  25. 25
    ADBE ↔ ROP0.72
    Technology

Most Inverse

  1. 1
    ADP ↔ ASML-0.64
    Industrials / Other
  2. 2
    ADP ↔ AMAT-0.63
    Industrials / Technology
  3. 3
    ADP ↔ LRCX-0.62
    Industrials
  4. 4
    ASML ↔ ROP-0.59
    Other / Technology
  5. 5
    ROP ↔ TER-0.57
    Technology
  6. 6
    TER ↔ NFLX-0.56
    Technology / Communication
  7. 7
    INTU ↔ TER-0.55
    Technology
  8. 8
    ADBE ↔ ASML-0.54
    Technology / Other
  9. 9
    KHC ↔ LRCX-0.53
    Consumer Defensive / Industrials
  10. 10
    AMD ↔ ROP-0.53
    Technology
  11. 11
    AMAT ↔ NFLX-0.51
    Technology / Communication
  12. 12
    AMAT ↔ CSGP-0.51
    Technology / Industrials
  13. 13
    AVGO ↔ CPRT-0.51
    Technology / Consumer Cyclical
  14. 14
    COST ↔ MRVL-0.51
    Consumer Cyclical / Technology
  15. 15
    LRCX ↔ MDLZ-0.50
    Industrials / Consumer Defensive
  16. 16
    MU ↔ PEP-0.50
    Technology / Consumer Defensive
  17. 17
    AMD ↔ INTU-0.49
    Technology
  18. 18
    ALAB ↔ PEP-0.48
    Technology / Consumer Defensive
  19. 19
    CSCO ↔ KDP-0.48
    Technology / Consumer Defensive
  20. 20
    KHC ↔ KLAC-0.47
    Consumer Defensive / Technology
  21. 21
    AMD ↔ PAYX-0.47
    Technology / Industrials
  22. 22
    MNST ↔ RKLB-0.47
    Consumer Defensive / Industrials
  23. 23
    COST ↔ MU-0.46
    Consumer Cyclical / Technology
  24. 24
    ADBE ↔ KLAC-0.46
    Technology
  25. 25
    DDOG ↔ TMUS-0.46
    Technology / Communication

About This Data

  • Correlation is computed on daily returns over the trailing 30, 60, or 90 trading days (toggle above), aligned by calendar date.
  • Only Nasdaq-100 stocks with a full price history are included. Most constituents overlap with the S&P 500 and already have history; a handful of others (recent IPOs, foreign-domiciled names not S&P 500-eligible) may be missing until backfilled.
  • Each ticker appears in at most 3 rows per column, and same-company share classes (e.g. dual-class stock) are excluded, so the list reflects distinct relationships rather than one dominant pair repeated.
  • Updated once a day.

Nasdaq 100 correlation pairs: common questions

What is a correlation pair in the Nasdaq 100?
A correlation pair is two Nasdaq 100 stocks whose daily returns tend to move together (a correlation near +1) or in opposite directions (near -1). A value near 0 means their moves are essentially unrelated.
Which Nasdaq 100 stocks are the most correlated?
The "Most Correlated" list above shows the pairs moving together most closely right now, recomputed daily, and "Most Inverse" shows the pairs moving most opposite. Pairs in the same industry, such as banks, chipmakers or oil producers, usually rank highest because the same news moves them together.
Why do the most and least correlated pairs change?
Correlation is measured on a trailing window of daily returns (30, 60 or 90 trading days, selectable above). When the market is driven by a different theme, such as rates, earnings or a sector rotation, the pairs that move together change with it.
How can I use correlation pairs?
Highly correlated holdings behave like one bet, so owning several of them adds less diversification than it appears to. Inversely correlated pairs can offset each other, and some traders compare a correlated pair when one stock lags the other. This is educational data, not investment advice.

New to correlation? Read Asset Correlation and Relative Strength Explained.

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