APP Applovin Corporation Class A Common Stock

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

APP vs FPX

Both indexed to 100 at 2026-05-11.

APP FPX · range 48–128 · 2026-05-11 → 2026-11-06

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

FPX First Trust US Equity Opportunities ETF

ρ +0.57beyond mkt +0.41holdout +0.28stable 88%moderate

CNEQ Alger Concentrated Equity ETF

ρ +0.59beyond mkt +0.33holdout +0.41stable 100%robust

XOVR EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF

ρ +0.63beyond mkt +0.33holdout +0.54stable 100%robust

DWLD Davis Select Worldwide ETF

ρ +0.45beyond mkt +0.26holdout +0.48stable 100%robust

TSEL Touchstone ETF Trust Touchstone Sands Capital US Select Growth ETF

ρ +0.59beyond mkt +0.18holdout +0.46stable 88%robust

APPS Digital Turbine, Inc. Common Stock

ρ +0.40beyond mkt +0.17holdout +0.41stable 88%robust

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

ρ -0.41beyond mkt -0.14holdout -0.32stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.30beyond mkt +0.07holdout -0.19stable 75%robust

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

ρ -0.34beyond mkt +0.03holdout -0.27stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.32beyond mkt +0.01holdout -0.22stable 88%robust

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

KYN Kayne Anderson Energy Infrastructure Fund, Inc.

Δ -0.58recent -0.43prior +0.15beyond mkt +0.04

SOBO South Bow Corporation

Δ -0.56recent -0.49prior +0.07beyond mkt +0.02

HPE Hewlett Packard Enterprise Company

Δ -0.55recent -0.20prior +0.36beyond mkt +0.00

TRGP Targa Resources Corp.

Δ -0.55recent -0.43prior +0.12beyond mkt +0.04

AM Antero Midstream Corporation Common Stock

Δ -0.53recent -0.43prior +0.09beyond mkt -0.04

TPZ Tortoise Electrification Infrastructure ETF

Δ -0.53recent -0.36prior +0.16beyond mkt +0.01

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

Symbol	beyond mkt	raw ρ	shared	isolation
FPX First Trust US Equity Opportunities ETF	+0.41	+0.57	7