Which stocks are most correlated with AJAN?

Based on one year of daily returns, the stocks most correlated with Innovator Equity Defined Protection ETF - 2 Yr to January 2028 (AJAN) are TEND (0.84), JANW (0.83) and PSFD (0.82). 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 AJAN?

Over the past year, the stocks most inversely correlated with Innovator Equity Defined Protection ETF - 2 Yr to January 2028 (AJAN) are SPXU (-0.79), SDS (-0.78) and SPXS (-0.78). A negative correlation means the two stocks have tended to move in opposite directions.

Innovator Equity Defined Protection ETF - 2 Yr to January 2028 (AJAN) — Stock Correlations & Overview

Over the past year, AJAN has moved most closely with TEND, JANW, PSFD. Explore the stocks most correlated and inversely correlated with AJAN below, along with its price, financials, and company profile.

Stocks correlated with AJAN

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

Most correlated with AJAN

Symbol	Company	Correlation
TEND	iShares Large Cap 10% Target Buffer Dec ETF	0.84
JANW	AllianzIM U.S. Equity Buffer20 Jan ETF	0.83
PSFD	Pacer Swan SOS Flex (January) ETF	0.82
XJAN	FT Vest U.S. Equity Enhance & Moderate Buffer ETF - January	0.82
XTJA	Innovator U.S. Equity Accelerated Plus ETF - January	0.82

Most inversely correlated with AJAN

Symbol	Company	Correlation
SPXU	ProShares UltraPro Short S&P 500	-0.79
SDS	ProShares UltraShort S&P500	-0.78
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.78
SH	ProShares Short S&P500	-0.78
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.77

Frequently asked questions about AJAN correlations

Which stocks are most correlated with AJAN?: Based on one year of daily returns, the stocks most correlated with Innovator Equity Defined Protection ETF - 2 Yr to January 2028 (AJAN) are TEND (0.84), JANW (0.83) and PSFD (0.82). 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 AJAN?: Over the past year, the stocks most inversely correlated with Innovator Equity Defined Protection ETF - 2 Yr to January 2028 (AJAN) are SPXU (-0.79), SDS (-0.78) and SPXS (-0.78). 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 AJAN correlations calculated?: We compute the correlation of daily returns between AJAN 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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