Which stocks are most correlated with EJAN?

Based on one year of daily returns, the stocks most correlated with Innovator Emerging Markets Power Buffer ETF January (EJAN) are TDEC (0.97), EEMX (0.90) and IEMG (0.90). 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 EJAN?

Over the past year, the stocks most inversely correlated with Innovator Emerging Markets Power Buffer ETF January (EJAN) are EEV (-0.90), EDZ (-0.90) and EUM (-0.90). A negative correlation means the two stocks have tended to move in opposite directions.

Innovator Emerging Markets Power Buffer ETF January (EJAN) — Stock Correlations & Overview

Over the past year, EJAN has moved most closely with TDEC, EEMX, IEMG. Explore the stocks most correlated and inversely correlated with EJAN below, along with its price, financials, and company profile.

Stocks correlated with EJAN

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

Most correlated with EJAN

Symbol	Company	Correlation
TDEC	FT Vest Emerging Markets Buffer ETF - December	0.97
EEMX	State Street SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF	0.90
IEMG	iShares Core MSCI Emerging Markets ETF	0.90
EEM	iShares MSCI Emerging Markets ETF	0.90
DFAE	Dimensional Emerging Core Equity Market ETF	0.90

Most inversely correlated with EJAN

Symbol	Company	Correlation
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.90
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.90
EUM	ProShares Trust Short MSCI Emerging Markets	-0.90
EFU	ProShares Trust UltraShort MSCI EAFE	-0.78
EWV	ProShares Trust UltraShort MSCI Japan	-0.77

Frequently asked questions about EJAN correlations

Which stocks are most correlated with EJAN?: Based on one year of daily returns, the stocks most correlated with Innovator Emerging Markets Power Buffer ETF January (EJAN) are TDEC (0.97), EEMX (0.90) and IEMG (0.90). 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 EJAN?: Over the past year, the stocks most inversely correlated with Innovator Emerging Markets Power Buffer ETF January (EJAN) are EEV (-0.90), EDZ (-0.90) and EUM (-0.90). 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 EJAN correlations calculated?: We compute the correlation of daily returns between EJAN 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.