EWD iShares MSCI Sweden ETF

Last close: 51.79
504-day return: +37.56%
Median $/day: $4.7M
Relationships shown: 14

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

EWD vs EFA

Both indexed to 100 at 2026-05-11.

EWD EFA · range 97–109 · 2026-05-11 → 2026-11-06

Moves with EWD

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

EFA iShares MSCI EAFE ETF

ρ +0.86beyond mkt +0.44holdout +0.90stable 100%robust

SPOT Spotify Technology S.A.

ρ +0.33beyond mkt +0.41holdout +0.21stable 88%robust

EWY iShares MSCI South Korea ETF

ρ +0.45beyond mkt -0.12holdout +0.46stable 100%robust

FIX Comfort Systems USA, Inc.

ρ +0.36beyond mkt +0.11holdout +0.29stable 88%robust

JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF

ρ +0.35beyond mkt -0.10holdout +0.53stable 88%robust

MRCY Mercury Systems Inc Common Stock

ρ +0.34beyond mkt +0.07holdout +0.37stable 75%robust

Moves against EWD

UUP Invesco DB US Dollar Index Bullish Fund

ρ -0.47beyond mkt -0.09holdout -0.61stable 100%robust

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

ρ -0.49beyond mkt -0.09holdout -0.59stable 100%robust

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

ρ -0.52beyond mkt +0.06holdout -0.61stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.46beyond mkt +0.01holdout -0.55stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.34beyond mkt +0.00holdout -0.25stable 75%robust

Weekly, not daily

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

HTH HILLTOP HOLDINGS INC.

horizon 10dρ +0.47holdout +0.36stable 88%robust

WEX WEX Inc.

horizon 10dρ +0.38holdout +0.57stable 62%moderate

FTHM Fathom Holdings Inc. Common Stock

horizon 10dρ +0.37holdout +0.21stable 50%moderate

Changed this quarter

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

DBMF iMGP DBi Managed Futures Strategy ETF

Δ -0.66recent -0.41prior +0.25beyond mkt -0.04

BTA Beacon Tactical Alternatives Risk ETF

Δ -0.64recent -0.46prior +0.18beyond mkt +0.06

RSBT Return Stacked Bonds & Managed Futures ETF

Δ -0.58recent -0.19prior +0.40beyond mkt -0.02

HARD Simplify Commodities Strategy No K-1 ETF

Δ -0.57recent -0.53prior +0.04beyond mkt +0.03

AHLT American Beacon AHL Trend ETF

Δ -0.52recent -0.21prior +0.31beyond mkt -0.06

FORM FormFactor, Inc. FormFactor, Inc. Common Stock

Δ -0.52recent -0.11prior +0.41beyond mkt +0.02

Hidden links

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

Symbol	beyond mkt	raw ρ	shared	isolation
SPOT Spotify Technology S.A.	+0.41	+0.33	0
EFA iShares MSCI EAFE ETF	+0.44	+0.86	17