ESN Northern Lights Fund Trust II Essential 40 Stock ETF

Last close: 20.26
504-day return: +37.08%
Median $/day: $494k
Relationships shown: 16

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

ESN vs RWL

Both indexed to 100 at 2026-05-11.

ESN RWL · range 100–112 · 2026-05-11 → 2026-11-06

Moves with ESN

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

RWL Invesco S&P 500 Revenue ETF

ρ +0.87beyond mkt +0.42holdout +0.82stable 100%robust

TECB iShares U.S. Tech Breakthrough Multisector ETF

ρ +0.68beyond mkt +0.41holdout +0.69stable 100%robust

INTC Intel Corporation Common Stock

ρ +0.45beyond mkt +0.39holdout +0.34stable 88%robust

DFVX Dimensional US Large Cap Vector ETF

ρ +0.86beyond mkt +0.36holdout +0.81stable 100%robust

RAFE PIMCO RAFI ESG U.S. ETF

ρ +0.86beyond mkt +0.34holdout +0.80stable 100%robust

KALU Kaiser Aluminum Corporation Common Stock

ρ +0.45beyond mkt +0.15holdout +0.35stable 88%robust

Moves against ESN

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

ρ -0.41beyond mkt +0.13holdout -0.40stable 88%robust

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

ρ -0.61beyond mkt +0.07holdout -0.50stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.55beyond mkt +0.02holdout -0.47stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.47beyond mkt -0.02holdout -0.31stable 88%robust

Weekly, not daily

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

MMT Aberdeen Multi-Market Income Fund

horizon 10dρ +0.45holdout +0.24stable 75%robust

CMPS COMPASS Pathways Plc American Depository Shares

horizon 10dρ +0.38holdout +0.67stable 88%robust

CFFI C&F Financial Corporation Common Stock

horizon 10dρ +0.36holdout +0.05stable 75%moderate

UAVS AgEagle Aerial Systems, Inc.

horizon 5dρ +0.33holdout +0.44stable 88%robust

DBMF iMGP DBi Managed Futures Strategy ETF

horizon 5dρ +0.32holdout +0.06stable 38%moderate

STXT Strive Total Return Bond ETF

horizon 5dρ +0.32holdout +0.54stable 75%robust

Changed this quarter

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

BWMN Bowman Consulting Group Ltd. Common Stock

Δ -0.67recent -0.21prior +0.46beyond mkt +0.03

FMF First Trust Managed Futures Strategy Fund

Δ -0.65recent -0.47prior +0.18beyond mkt +0.07

HZO MarineMax, Inc.

Δ -0.62recent -0.11prior +0.51beyond mkt +0.00

FORM FormFactor, Inc. FormFactor, Inc. Common Stock

Δ -0.60recent -0.22prior +0.38beyond mkt -0.03

GHM Graham Corporation

Δ -0.60recent -0.14prior +0.46beyond mkt -0.03

VMI Valmont Industries, Inc.

Δ -0.60recent -0.04prior +0.56beyond mkt -0.06

Hidden links

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

Symbol	beyond mkt	raw ρ	shared
TECB iShares U.S. Tech Breakthrough Multisector ETF	+0.41	+0.68	0
INTC Intel Corporation Common Stock	+0.39	+0.45	4
DFVX Dimensional US Large Cap Vector ETF	+0.36	+0.86	11
RWL Invesco S&P 500 Revenue ETF	+0.42	+0.87	18