Which stocks are most correlated with ZFEB?

Based on one year of daily returns, the stocks most correlated with Innovator Equity Defined Protection ETF - 1 Yr February (ZFEB) are BDEC (0.91), DECT (0.91) and UFEB (0.91). 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 ZFEB?

Over the past year, the stocks most inversely correlated with Innovator Equity Defined Protection ETF - 1 Yr February (ZFEB) are SPXS (-0.90), SPXU (-0.89) and SDS (-0.89). A negative correlation means the two stocks have tended to move in opposite directions.

Innovator Equity Defined Protection ETF - 1 Yr February (ZFEB) — Stock Correlations & Overview

Over the past year, ZFEB has moved most closely with BDEC, DECT, UFEB. Explore the stocks most correlated and inversely correlated with ZFEB below, along with its price, financials, and company profile.

Stocks correlated with ZFEB

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

Most correlated with ZFEB

Symbol	Company	Correlation
BDEC	Innovator U.S. Equity Buffer ETF - December	0.91
DECT	AllianzIM U.S. Equity Buffer10 Dec ETF	0.91
UFEB	Innovator U.S. Equity Ultra Buffer ETF - February	0.91
PDEC	Innovator U.S. Equity Power Buffer ETF - December	0.91
BFEB	Innovator U.S. Equity Buffer ETF - February	0.91

Most inversely correlated with ZFEB

Symbol	Company	Correlation
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.90
SPXU	ProShares UltraPro Short S&P 500	-0.89
SDS	ProShares UltraShort S&P500	-0.89
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.89
SH	ProShares Short S&P500	-0.88

Frequently asked questions about ZFEB correlations

Which stocks are most correlated with ZFEB?: Based on one year of daily returns, the stocks most correlated with Innovator Equity Defined Protection ETF - 1 Yr February (ZFEB) are BDEC (0.91), DECT (0.91) and UFEB (0.91). 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 ZFEB?: Over the past year, the stocks most inversely correlated with Innovator Equity Defined Protection ETF - 1 Yr February (ZFEB) are SPXS (-0.90), SPXU (-0.89) and SDS (-0.89). 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 ZFEB correlations calculated?: We compute the correlation of daily returns between ZFEB 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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