Which stocks are most correlated with SPBW?

Based on one year of daily returns, the stocks most correlated with AllianzIM Buffer20 Allocation ETF (SPBW) are BUFR (0.96), FDEC (0.96) and BFEB (0.95). 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 SPBW?

Over the past year, the stocks most inversely correlated with AllianzIM Buffer20 Allocation ETF (SPBW) are SPXS (-0.94), SPXU (-0.94) and SDS (-0.94). A negative correlation means the two stocks have tended to move in opposite directions.

AllianzIM Buffer20 Allocation ETF (SPBW) — Stock Correlations & Overview

Over the past year, SPBW has moved most closely with BUFR, FDEC, BFEB. Explore the stocks most correlated and inversely correlated with SPBW below, along with its price, financials, and company profile.

Stocks correlated with SPBW

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

Most correlated with SPBW

Symbol	Company	Correlation
BUFR	FT Vest Laddered Buffer ETF	0.96
FDEC	FT Vest U.S. Equity Buffer ETF - December	0.96
BFEB	Innovator U.S. Equity Buffer ETF - February	0.95
FFEB	FT Vest U.S. Equity Buffer ETF - February	0.95
BSTP	Innovator Buffer Step-Up Strategy ETF	0.95

Most inversely correlated with SPBW

Symbol	Company	Correlation
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.94
SPXU	ProShares UltraPro Short S&P 500	-0.94
SDS	ProShares UltraShort S&P500	-0.94
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.94
SH	ProShares Short S&P500	-0.93

Frequently asked questions about SPBW correlations

Which stocks are most correlated with SPBW?: Based on one year of daily returns, the stocks most correlated with AllianzIM Buffer20 Allocation ETF (SPBW) are BUFR (0.96), FDEC (0.96) and BFEB (0.95). 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 SPBW?: Over the past year, the stocks most inversely correlated with AllianzIM Buffer20 Allocation ETF (SPBW) are SPXS (-0.94), SPXU (-0.94) and SDS (-0.94). 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 SPBW correlations calculated?: We compute the correlation of daily returns between SPBW 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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