Which stocks are most correlated with ZMAR?

Based on one year of daily returns, the stocks most correlated with Innovator Equity Defined Protection ETF - 1 Yr March (ZMAR) are MART (0.89), UMAR (0.89) and BUFP (0.88). 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 ZMAR?

Over the past year, the stocks most inversely correlated with Innovator Equity Defined Protection ETF - 1 Yr March (ZMAR) are SPXS (-0.86), SPXU (-0.86) and SDS (-0.85). A negative correlation means the two stocks have tended to move in opposite directions.

Innovator Equity Defined Protection ETF - 1 Yr March (ZMAR) — Stock Correlations & Overview

Over the past year, ZMAR has moved most closely with MART, UMAR, BUFP. Explore the stocks most correlated and inversely correlated with ZMAR below, along with its price, financials, and company profile.

Stocks correlated with ZMAR

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

Most correlated with ZMAR

Symbol	Company	Correlation
MART	AllianzIM U.S. Equity Buffer10 Mar ETF	0.89
UMAR	Innovator U.S. Equity Ultra Buffer ETF - March	0.89
BUFP	PGIM Laddered S&P 500 Buffer 12 ETF	0.88
FFEB	FT Vest U.S. Equity Buffer ETF - February	0.88
PMAR	Innovator U.S. Equity Power Buffer ETF - March	0.88

Most inversely correlated with ZMAR

Symbol	Company	Correlation
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.86
SPXU	ProShares UltraPro Short S&P 500	-0.86
SDS	ProShares UltraShort S&P500	-0.85
SH	ProShares Short S&P500	-0.84
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.84

Frequently asked questions about ZMAR correlations

Which stocks are most correlated with ZMAR?: Based on one year of daily returns, the stocks most correlated with Innovator Equity Defined Protection ETF - 1 Yr March (ZMAR) are MART (0.89), UMAR (0.89) and BUFP (0.88). 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 ZMAR?: Over the past year, the stocks most inversely correlated with Innovator Equity Defined Protection ETF - 1 Yr March (ZMAR) are SPXS (-0.86), SPXU (-0.86) and SDS (-0.85). 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 ZMAR correlations calculated?: We compute the correlation of daily returns between ZMAR 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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