Innovator U.S. Equity Ultra Buffer ETF - September (USEP) — Stock Correlations & Overview
Over the past year, USEP has moved most closely with DLAG, FAUG, DAUG. Explore the stocks most correlated and inversely correlated with USEP below, along with its price, financials, and company profile.
Stocks correlated with USEP
Correlation of daily returns. Higher positive values move with USEP; negative values move opposite it. Informational only, not investment advice.
Most correlated with USEP
| Symbol | Company | Correlation |
|---|---|---|
| DLAG | FT Vest U.S. Equity Dual Directional Buffer ETF - August | 0.97 |
| FAUG | FT Vest U.S. Equity Buffer ETF - August | 0.97 |
| DAUG | FT Vest U.S. Equity Deep Buffer ETF - August | 0.97 |
| BSEP | Innovator U.S. Equity Buffer ETF - September | 0.96 |
| PSEP | Innovator U.S. Equity Power Buffer ETF - September | 0.96 |
Frequently asked questions about USEP correlations
- Which stocks are most correlated with USEP?
- Based on one year of daily returns, the stocks most correlated with Innovator U.S. Equity Ultra Buffer ETF - September (USEP) are DLAG (0.97), FAUG (0.97) and DAUG (0.97). 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 USEP?
- Over the past year, the stocks most inversely correlated with Innovator U.S. Equity Ultra Buffer ETF - September (USEP) are SPXU (-0.92), SPXS (-0.92) and SDS (-0.92). 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 USEP correlations calculated?
- We compute the correlation of daily returns between USEP 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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