ECOW Pacer Funds Pacer Emerging Markets Cash Cows 100 ETF

Last close: 25.96
504-day return: +37.55%
Median $/day: $467k
Relationships shown: 12

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

ECOW vs JPEM

Both indexed to 100 at 2026-05-11.

ECOW JPEM · range 91–103 · 2026-05-11 → 2026-11-06

Moves with ECOW

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

JPEM JPMorgan Diversified Return Emerging Markets Equity ETF

ρ +0.86beyond mkt +0.57holdout +0.89stable 100%robust

SDEM Global X MSCI SuperDividend Emerging Markets ETF

ρ +0.79beyond mkt +0.46holdout +0.82stable 100%robust

FNDE Schwab Fundamental Emerging Markets Equity ETF

ρ +0.81beyond mkt +0.44holdout +0.81stable 100%robust

FEM First Trust Emerging Markets AlphaDEX Fund

ρ +0.78beyond mkt +0.42holdout +0.73stable 100%robust

EDIV State Street SPDR S&P Emerging Markets Dividend ETF

ρ +0.77beyond mkt +0.35holdout +0.77stable 100%robust

EELV Invesco S&P Emerging Markets Low Volatility ETF

ρ +0.73beyond mkt +0.31holdout +0.76stable 100%robust

Moves against ECOW

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.35beyond mkt +0.08holdout -0.35stable 100%robust

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

ρ -0.44beyond mkt +0.05holdout -0.43stable 100%robust

UUP Invesco DB US Dollar Index Bullish Fund

ρ -0.43beyond mkt +0.03holdout -0.53stable 100%robust

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

ρ -0.44beyond mkt -0.01holdout -0.52stable 100%robust

Weekly, not daily

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

APAM ARTISAN PARTNERS ASSET MANAGEMENT INC.

horizon 10dρ +0.41holdout +0.20stable 88%moderate

WTMF WisdomTree Managed Futures Strategy Fund

horizon 5dρ +0.39holdout +0.29stable 88%robust

Changed this quarter

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

SEA U.S. Global Sea to Sky Cargo ETF

Δ -0.53recent -0.02prior +0.51beyond mkt +0.04

WTMF WisdomTree Managed Futures Strategy Fund

Δ -0.50recent -0.16prior +0.34beyond mkt -0.10

APAM ARTISAN PARTNERS ASSET MANAGEMENT INC.

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

CTRI Centuri Holdings, Inc.

Δ -0.46recent -0.08prior +0.38beyond mkt +0.04

SXI Standex International Corporation

Δ -0.46recent -0.06prior +0.40beyond mkt -0.02

BSJQ Invesco BulletShares 2026 High Yield Corporate Bond ETF

Δ -0.45recent -0.09prior +0.36beyond mkt +0.03

Hidden links

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

Symbol	beyond mkt	raw ρ	shared
FNDE Schwab Fundamental Emerging Markets Equity ETF	+0.44	+0.81	11
FEM First Trust Emerging Markets AlphaDEX Fund	+0.42	+0.78	14
SDEM Global X MSCI SuperDividend Emerging Markets ETF	+0.46	+0.79	16
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF	+0.57	+0.86	21