AFK VanEck Africa Index ETF

Last close: 26.70
504-day return: +61.72%
Median $/day: $600k
Relationships shown: 15

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

AFK vs EZA

Both indexed to 100 at 2026-05-11.

AFK EZA · range 86–104 · 2026-05-11 → 2026-11-06

Moves with AFK

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

EZA iShares MSCI South Africa ETF

ρ +0.79beyond mkt +0.40holdout +0.85stable 100%robust

COPX Global X Copper Miners ETF (NEW)

ρ +0.76beyond mkt +0.30holdout +0.81stable 100%robust

FTRI First Trust Exchange-Traded Fund II First Trust Indxx Global Natural Resources Income ETF

ρ +0.70beyond mkt +0.28holdout +0.73stable 100%robust

MGNR American Beacon GLG Natural Resources ETF

ρ +0.70beyond mkt +0.22holdout +0.73stable 100%robust

EPU iShares MSCI Peru and Global Exposure ETF

ρ +0.71beyond mkt +0.14holdout +0.75stable 100%robust

RSBT Return Stacked Bonds & Managed Futures ETF

ρ +0.39beyond mkt +0.05holdout +0.21stable 88%robust

Moves against AFK

TAIL Cambria Tail Risk ETF

ρ -0.31beyond mkt -0.05holdout -0.28stable 88%robust

BTAL AGF U.S. Market Neutral Anti-Beta Fund

ρ -0.44beyond mkt -0.05holdout -0.61stable 88%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.32beyond mkt +0.04holdout -0.39stable 100%robust

UUP Invesco DB US Dollar Index Bullish Fund

ρ -0.45beyond mkt -0.04holdout -0.63stable 100%robust

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.40beyond mkt -0.01holdout -0.51stable 88%robust

Weekly, not daily

No day-to-day relationship, but 5- or 10-day returns move together.

JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF

horizon 10dρ +0.43holdout +0.55stable 62%moderate

IFF International Flavors & Fragrances Inc.

horizon 5dρ +0.37holdout +0.50stable 75%robust

BFRG Bullfrog AI Holdings, Inc. Common Stock

horizon 5dρ +0.37holdout +0.27stable 75%robust

MED Medifast, Inc.

horizon 10dρ +0.36holdout +0.53stable 38%moderate

Changed this quarter

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

DBMF iMGP DBi Managed Futures Strategy ETF

Δ -0.51recent -0.20prior +0.32beyond mkt -0.03

AHLT American Beacon AHL Trend ETF

Δ -0.48recent -0.06prior +0.42beyond mkt +0.00

HARD Simplify Commodities Strategy No K-1 ETF

Δ -0.44recent -0.32prior +0.12beyond mkt -0.03

BWMN Bowman Consulting Group Ltd. Common Stock

Δ -0.42recent -0.07prior +0.35beyond mkt +0.01

PEPG PepGen Inc. Common Stock

Δ +0.41recent +0.49prior +0.08beyond mkt -0.08

RSBT Return Stacked Bonds & Managed Futures ETF

Δ -0.41recent +0.02prior +0.43beyond mkt +0.05

Hidden links

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared	isolation
EZA iShares MSCI South Africa ETF	+0.40	+0.79	13