Which stocks are most correlated with DDFO?

Based on one year of daily returns, the stocks most correlated with Innovator Equity Dual Directional 15 Buffer ETF - October (DDFO) are XTOC (0.92), OCTW (0.91) and PSEP (0.91). 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 DDFO?

Over the past year, the stocks most inversely correlated with Innovator Equity Dual Directional 15 Buffer ETF - October (DDFO) are SPXU (-0.87), SPDN (-0.87) and SDS (-0.87). A negative correlation means the two stocks have tended to move in opposite directions.

Innovator Equity Dual Directional 15 Buffer ETF - October (DDFO) — Stock Correlations & Overview

Over the past year, DDFO has moved most closely with XTOC, OCTW, PSEP. Explore the stocks most correlated and inversely correlated with DDFO below, along with its price, financials, and company profile.

Stocks correlated with DDFO

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

Most correlated with DDFO

Symbol	Company	Correlation
XTOC	Innovator U.S. Equity Accelerated Plus ETF - October	0.92
OCTW	AllianzIM U.S. Equity Buffer20 Oct ETF	0.91
PSEP	Innovator U.S. Equity Power Buffer ETF - September	0.91
POCT	Innovator U.S. Equity Power Buffer ETF - October	0.91
XSEP	FT Vest U.S. Equity Enhance & Moderate Buffer ETF - September	0.91

Most inversely correlated with DDFO

Symbol	Company	Correlation
SPXU	ProShares UltraPro Short S&P 500	-0.87
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.87
SDS	ProShares UltraShort S&P500	-0.87
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.87
SH	ProShares Short S&P500	-0.86

Frequently asked questions about DDFO correlations

Which stocks are most correlated with DDFO?: Based on one year of daily returns, the stocks most correlated with Innovator Equity Dual Directional 15 Buffer ETF - October (DDFO) are XTOC (0.92), OCTW (0.91) and PSEP (0.91). 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 DDFO?: Over the past year, the stocks most inversely correlated with Innovator Equity Dual Directional 15 Buffer ETF - October (DDFO) are SPXU (-0.87), SPDN (-0.87) and SDS (-0.87). 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 DDFO correlations calculated?: We compute the correlation of daily returns between DDFO 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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