Innovator Emerging Markets Power Buffer ETF - April (EAPR) — Stock Correlations & Overview
Over the past year, EAPR has moved most closely with EEMO, TMAR, QTAP. Explore the stocks most correlated and inversely correlated with EAPR below, along with its price, financials, and company profile.
Stocks correlated with EAPR
Correlation of daily returns. Higher positive values move with EAPR; negative values move opposite it. Informational only, not investment advice.
Most correlated with EAPR
| Symbol | Company | Correlation |
|---|---|---|
| EEMO | Invesco S&P Emerging Markets Momentum ETFINVESTMENT ADVICE | 0.87 |
| TMAR | FT Vest Emerging Markets Buffer ETF - March | 0.87 |
| QTAP | Innovator Growth Accelerated Plus ETF - April | 0.83 |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 0.82 |
| FLAX | Franklin FTSE Asia ex Japan ETF | 0.82 |
Most inversely correlated with EAPR
| Symbol | Company | Correlation |
|---|---|---|
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.81 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.81 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.81 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.70 |
| SQQQ | ProShares UltraPro Short QQQ | -0.69 |
Frequently asked questions about EAPR correlations
- Which stocks are most correlated with EAPR?
- Based on one year of daily returns, the stocks most correlated with Innovator Emerging Markets Power Buffer ETF - April (EAPR) are EEMO (0.87), TMAR (0.87) and QTAP (0.83). 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 EAPR?
- Over the past year, the stocks most inversely correlated with Innovator Emerging Markets Power Buffer ETF - April (EAPR) are EEV (-0.81), EDZ (-0.81) and EUM (-0.81). 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 EAPR correlations calculated?
- We compute the correlation of daily returns between EAPR 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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