ECNS iShares MSCI China Small-Cap ETF

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

ECNS vs CXSE

Both indexed to 100 at 2026-05-11.

ECNS CXSE · range 75–102 · 2026-05-11 → 2026-11-06

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

CXSE WisdomTree Trust WisdomTree China ex-State-Owned Enterprises Fund

ρ +0.82beyond mkt +0.70holdout +0.78stable 100%robust

KTEC KraneShares Hang Seng TECH Index ETF

ρ +0.74beyond mkt +0.61holdout +0.69stable 100%robust

FCA First Trust China AlphaDEX Fund

ρ +0.72beyond mkt +0.60holdout +0.66stable 100%robust

KURE KraneShares MSCI All China Health Care Index ETF

ρ +0.69beyond mkt +0.58holdout +0.59stable 100%robust

TDF Templeton Dragon Fund

ρ +0.73beyond mkt +0.58holdout +0.67stable 100%robust

FXI iShares China Large-Cap ETF

ρ +0.72beyond mkt +0.57holdout +0.64stable 100%robust

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

ρ -0.35beyond mkt +0.02holdout -0.43stable 88%robust

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

VPC Virtus Private Credit Strategy ETF

horizon 10dρ +0.44holdout +0.54stable 75%robust

UWMC UWM Holdings Corporation

horizon 10dρ +0.39holdout +0.08stable 50%moderate

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

CE Celanese Corporation Common Stock

Δ -0.63recent -0.41prior +0.23beyond mkt -0.03

LYB LyondellBasell Industries N.V. Class A

Δ -0.62recent -0.44prior +0.18beyond mkt +0.06

DOW Dow Inc.

Δ -0.58recent -0.39prior +0.20beyond mkt +0.01

HARD Simplify Commodities Strategy No K-1 ETF

Δ -0.46recent -0.34prior +0.12beyond mkt +0.02

DD DuPont de Nemours, Inc. Common Stock

Δ -0.46recent -0.04prior +0.41beyond mkt +0.07

E ENI S.p.A.

Δ -0.45recent -0.33prior +0.12beyond mkt -0.10

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

Symbol	beyond mkt	raw ρ	shared
KTEC KraneShares Hang Seng TECH Index ETF	+0.61	+0.74	21
FXI iShares China Large-Cap ETF	+0.57	+0.72	21
KGRN KraneShares MSCI China Clean Technology Index ETF	+0.56	+0.70	21
CXSE WisdomTree Trust WisdomTree China ex-State-Owned Enterprises Fund	+0.70	+0.82	23
TDF Templeton Dragon Fund	+0.58	+0.73	22
WB Weibo Corporation American Depositary Share	+0.42	+0.58	19