Innovator Emerging Markets Power Buffer ETF - July (EJUL) — Stock Correlations & Overview
Over the past year, EJUL has moved most closely with EBUF, TJUN, QTJL. Explore the stocks most correlated and inversely correlated with EJUL below, along with its price, financials, and company profile.
Stocks correlated with EJUL
Correlation of daily returns. Higher positive values move with EJUL; negative values move opposite it. Informational only, not investment advice.
Most correlated with EJUL
| Symbol | Company | Correlation |
|---|---|---|
| EBUF | Innovator Emerging Markets 10 Buffer ETF - Quarterly | 0.92 |
| TJUN | FT Vest Emerging Markets Buffer ETF - June | 0.89 |
| QTJL | Innovator Growth Accelerated Plus ETF - July | 0.82 |
| PQJL | PGIM Nasdaq-100 Buffer 12 ETF - July | 0.79 |
| NJUL | Innovator Growth-100 Power Buffer ETF - July | 0.78 |
Most inversely correlated with EJUL
| Symbol | Company | Correlation |
|---|---|---|
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.77 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.77 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.77 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.69 |
| EWV | ProShares Trust UltraShort MSCI Japan | -0.69 |
Frequently asked questions about EJUL correlations
- Which stocks are most correlated with EJUL?
- Based on one year of daily returns, the stocks most correlated with Innovator Emerging Markets Power Buffer ETF - July (EJUL) are EBUF (0.92), TJUN (0.89) and QTJL (0.82). 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 EJUL?
- Over the past year, the stocks most inversely correlated with Innovator Emerging Markets Power Buffer ETF - July (EJUL) are EDZ (-0.77), EEV (-0.77) and EUM (-0.77). 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 EJUL correlations calculated?
- We compute the correlation of daily returns between EJUL 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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