EWC iShares MSCI Canada ETF

Last close: 59.94
504-day return: +52.40%
Median $/day: $92.9M
Relationships shown: 18
Leader rank: #99

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

Same exposure: BBCA, FLCA move almost identically to EWC (|ρ| ≥ 0.93). Same-day relationships for the group are listed here.

EWC vs RY

Both indexed to 100 at 2026-05-11.

EWC RY · range 99–120 · 2026-05-11 → 2026-11-06

Follows EWC

These tend to repeat EWC's moves later.

UMC United Microelectronic Corp.

lag 1dρ -0.20holdout -0.21stable 88%$/day $82.7Mrobust

TCI Transcontinental Realty Investors, Inc.

lag 1dρ -0.21holdout -0.21stable 75%$/day $110krobust

JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF

lag 1dρ -0.20holdout -0.25stable 75%$/day $105krobust

Moves with EWC

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

RY Royal Bank of Canada

ρ +0.74beyond mkt +0.49holdout +0.75stable 100%robust

CM Canadian Imperial Bank of Commerce

ρ +0.67beyond mkt +0.42holdout +0.76stable 100%robust

SHOP Shopify Inc. Class A subordinate voting shares

ρ +0.56beyond mkt +0.41holdout +0.49stable 100%robust

TD Toronto Dominion Bank

ρ +0.67beyond mkt +0.39holdout +0.77stable 100%robust

BNS Bank of Nova Scotia

ρ +0.64beyond mkt +0.37holdout +0.75stable 100%robust

BMO Bank of Montreal

ρ +0.69beyond mkt +0.35holdout +0.77stable 100%robust

Moves against EWC

UUP Invesco DB US Dollar Index Bullish Fund

ρ -0.38beyond mkt -0.06holdout -0.60stable 88%robust

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

ρ -0.48beyond mkt -0.04holdout -0.51stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.40beyond mkt +0.03holdout -0.23stable 62%moderate

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.48beyond mkt +0.02holdout -0.48stable 100%robust

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

ρ -0.56beyond mkt +0.00holdout -0.58stable 100%robust

Weekly, not daily

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

SPSK SP Funds Dow Jones Global Sukuk ETF

horizon 10dρ +0.44holdout +0.73stable 75%robust

TTWO Take-Two Interactive Software, Inc. Common Stock

horizon 10dρ +0.40holdout +0.25stable 88%robust

GUT GABELLI UTILITY TRUST

horizon 10dρ +0.38holdout +0.28stable 62%moderate

NNOX NANO-X IMAGING LTD Ordinary Shares

horizon 5dρ +0.35holdout +0.25stable 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 -0.73recent -0.24prior +0.48beyond mkt +0.02

BTA Beacon Tactical Alternatives Risk ETF

Δ -0.52recent -0.34prior +0.18beyond mkt -0.01

HARD Simplify Commodities Strategy No K-1 ETF

Δ -0.52recent -0.42prior +0.09beyond mkt -0.11

DBMF iMGP DBi Managed Futures Strategy ETF

Δ -0.52recent -0.22prior +0.30beyond mkt -0.08

NNOX NANO-X IMAGING LTD Ordinary Shares

Δ -0.51recent -0.15prior +0.36beyond mkt -0.06

AHLT American Beacon AHL Trend ETF

Δ -0.50recent -0.14prior +0.36beyond mkt -0.12

Hidden links

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

Symbol	beyond mkt	raw ρ	shared
SHOP Shopify Inc. Class A subordinate voting shares	+0.41	+0.56	2
RY Royal Bank of Canada	+0.49	+0.74	9
TD Toronto Dominion Bank	+0.39	+0.67	8
CM Canadian Imperial Bank of Commerce	+0.42	+0.67	10
BMO Bank of Montreal	+0.35	+0.69	8
BNS Bank of Nova Scotia	+0.37	+0.64	9