Innovator Equity Defined Protection ETF - 6mo Apr/Oct (APOC) — Stock Correlations & Overview
Over the past year, APOC has moved most closely with SIXO, EALT, SHDG. Explore the stocks most correlated and inversely correlated with APOC below, along with its price, financials, and company profile.
Stocks correlated with APOC
Correlation of daily returns. Higher positive values move with APOC; negative values move opposite it. Informational only, not investment advice.
Most correlated with APOC
| Symbol | Company | Correlation |
|---|---|---|
| SIXO | AllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF | 0.59 |
| EALT | Innovator U.S. Equity 5 to 15 Buffer ETF - Quarterly | 0.53 |
| SHDG | Soundwatch Hedged Equity ETF | 0.53 |
| BUFM | AB Moderate Buffer ETF | 0.53 |
| ZALT | Innovator U.S. Equity 10 Buffer ETF - Quarterly | 0.52 |
Most inversely correlated with APOC
| Symbol | Company | Correlation |
|---|---|---|
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | -0.47 |
| VIXM | ProShares VIX Mid-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.44 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.44 |
| SH | ProShares Short S&P500 | -0.43 |
| VXX | iPath Series B S&P 500 VIX Short-Term Futures ETN | -0.43 |
Frequently asked questions about APOC correlations
- Which stocks are most correlated with APOC?
- Based on one year of daily returns, the stocks most correlated with Innovator Equity Defined Protection ETF - 6mo Apr/Oct (APOC) are SIXO (0.59), EALT (0.53) and SHDG (0.53). 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 APOC?
- Over the past year, the stocks most inversely correlated with Innovator Equity Defined Protection ETF - 6mo Apr/Oct (APOC) are VXZ (-0.47), VIXM (-0.44) and SPDN (-0.44). 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 APOC correlations calculated?
- We compute the correlation of daily returns between APOC 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.