lag 1dρ -0.21holdout -0.20stable 75%$/day $3.6Mrobust
EWJ iShares MSCI Japan ETF
- Last close
- 88.26
- 504-day return
- +38.64%
- Median $/day
- $401.0M
- Relationships shown
- 16
- Leader rank
- #761
together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture
Same exposure: BBJP, FLJP, IPAC, EWJV, JPXN, GSJY move almost identically to EWJ (|ρ| ≥ 0.93). Same-day relationships for the group are listed here.
EWJ vs VPL
Both indexed to 100 at 2026-05-11.
Follows EWJ
These tend to repeat EWJ's moves later.
Moves with EWJ
Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").
ρ +0.91beyond mkt +0.73holdout +0.89stable 100%robust
ρ +0.82beyond mkt +0.70holdout +0.84stable 100%robust
ρ +0.84beyond mkt +0.68holdout +0.84stable 100%robust
ρ +0.77beyond mkt +0.61holdout +0.86stable 100%robust
ρ +0.65beyond mkt +0.46holdout +0.63stable 100%robust
ρ +0.52beyond mkt +0.31holdout +0.36stable 88%robust
Moves against EWJ
ρ -0.45beyond mkt +0.07holdout -0.50stable 100%robust
ρ -0.35beyond mkt +0.06holdout -0.41stable 100%robust
ρ -0.40beyond mkt +0.03holdout -0.39stable 100%robust
ρ -0.54beyond mkt +0.02holdout -0.70stable 100%robust
ρ -0.55beyond mkt +0.01holdout -0.63stable 100%robust
Weekly, not daily
No day-to-day relationship, but 5- or 10-day returns move together.
horizon 10dρ +0.39holdout +0.29stable 50%moderate
horizon 5dρ +0.38holdout +0.40stable 88%robust
horizon 10dρ +0.36holdout +0.36stable 50%moderate
horizon 5dρ +0.31holdout +0.57stable 88%robust
Changed this quarter
Biggest shifts in same-day correlation over the last 63 trading days versus the year before.
Δ -0.59recent -0.41prior +0.18beyond mkt +0.07
Δ -0.58recent -0.19prior +0.39beyond mkt -0.01
Δ -0.54recent -0.38prior +0.16beyond mkt -0.06
Δ -0.52recent -0.39prior +0.13beyond mkt +0.02
Δ -0.51recent -0.52prior -0.01beyond mkt -0.07
Δ -0.49recent +0.08prior +0.58beyond mkt +0.31
Hidden links
Strong beyond-the-market co-movement with few shared neighbours.
| Symbol | beyond mkt | raw ρ | shared | isolation |
|---|---|---|---|---|
| VPL Vanguard FTSE Pacific ETF | +0.73 | +0.91 | 15 | |
| DXJ WisdomTree Japan Hedged Equity Fund | +0.70 | +0.82 | 16 | |
| SCJ iShares MSCI Japan Small-Cap ETF | +0.68 | +0.84 | 16 | |
| OPPJ WisdomTree Trust WisdomTree Japan Opportunities Fund | +0.61 | +0.77 | 17 | |
| JOF JAPAN SMALLER CAPITALIZATION FUND | +0.43 | +0.70 | 17 | |
| MUFG Mitsubishi UFJ Financial Group, Inc. | +0.46 | +0.65 | 18 |