Innovator Equity Defined Protection ETF - 1 Yr April (ZAPR) — Stock Correlations & Overview
Over the past year, ZAPR has moved most closely with AAPR, PMAP, APRW. Explore the stocks most correlated and inversely correlated with ZAPR below, along with its price, financials, and company profile.
Stocks correlated with ZAPR
Correlation of daily returns. Higher positive values move with ZAPR; negative values move opposite it. Informational only, not investment advice.
Most correlated with ZAPR
| Symbol | Company | Correlation |
|---|---|---|
| AAPR | Innovator Equity Defined Protection ETF - 2 Yr to April 2028 | 0.70 |
| PMAP | PGIM S&P 500 Max Buffer ETF - April | 0.69 |
| APRW | AllianzIM U.S. Equity Buffer20 Apr ETF | 0.68 |
| PAPR | Innovator U.S. Equity Power Buffer ETF - April | 0.67 |
| FEAC | Fidelity Enhanced U.S. All-Cap Equity ETF | 0.66 |
Frequently asked questions about ZAPR correlations
- Which stocks are most correlated with ZAPR?
- Based on one year of daily returns, the stocks most correlated with Innovator Equity Defined Protection ETF - 1 Yr April (ZAPR) are AAPR (0.70), PMAP (0.69) and APRW (0.68). 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 ZAPR?
- Over the past year, the stocks most inversely correlated with Innovator Equity Defined Protection ETF - 1 Yr April (ZAPR) are SDS (-0.65), SPXU (-0.65) and SPXS (-0.65). 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 ZAPR correlations calculated?
- We compute the correlation of daily returns between ZAPR 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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