Innovator Defined Wealth Shield ETF (BALT) — Stock Correlations & Overview
Over the past year, BALT has moved most closely with SHDG, EALT, ZALT. Explore the stocks most correlated and inversely correlated with BALT below, along with its price, financials, and company profile.
Stocks correlated with BALT
Correlation of daily returns. Higher positive values move with BALT; negative values move opposite it. Informational only, not investment advice.
Most correlated with BALT
| Symbol | Company | Correlation |
|---|---|---|
| SHDG | Soundwatch Hedged Equity ETF | 0.86 |
| EALT | Innovator U.S. Equity 5 to 15 Buffer ETF - Quarterly | 0.86 |
| ZALT | Innovator U.S. Equity 10 Buffer ETF - Quarterly | 0.85 |
| TWOX | iShares Large Cap Accelerated Outcome ETF | 0.83 |
| SQMX | FT Vest U.S. Equity Quarterly Max Buffer ETF | 0.82 |
Frequently asked questions about BALT correlations
- Which stocks are most correlated with BALT?
- Based on one year of daily returns, the stocks most correlated with Innovator Defined Wealth Shield ETF (BALT) are SHDG (0.86), EALT (0.86) and ZALT (0.85). 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 BALT?
- Over the past year, the stocks most inversely correlated with Innovator Defined Wealth Shield ETF (BALT) are SPXS (-0.76), SPDN (-0.76) and SDS (-0.76). 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 BALT correlations calculated?
- We compute the correlation of daily returns between BALT 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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