EWP iShares MSCI Spain ETF

Last close: 57.86
504-day return: +80.36%
Median $/day: $15.9M
Relationships shown: 13

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

EWP vs SAN

Both indexed to 100 at 2026-05-11.

EWP SAN · range 93–124 · 2026-05-11 → 2026-11-06

Moves with EWP

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

SAN Banco Santander S.A.

ρ +0.86beyond mkt +0.69holdout +0.91stable 100%robust

BBVA Banco Bilbao Vizcaya Argentaria, S.A.

ρ +0.83beyond mkt +0.67holdout +0.85stable 100%robust

EUFN iShares MSCI Europe Financials ETF

ρ +0.89beyond mkt +0.67holdout +0.93stable 100%robust

EWI iShares MSCI Italy ETF

ρ +0.85beyond mkt +0.56holdout +0.88stable 100%robust

DB Deutsche Bank Aktiengesellschaft

ρ +0.72beyond mkt +0.38holdout +0.82stable 100%robust

CTRI Centuri Holdings, Inc.

ρ +0.34beyond mkt +0.15holdout +0.32stable 88%robust

Moves against EWP

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

ρ -0.49beyond mkt -0.11holdout -0.64stable 100%robust

UUP Invesco DB US Dollar Index Bullish Fund

ρ -0.51beyond mkt -0.09holdout -0.55stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.42beyond mkt -0.09holdout -0.56stable 100%robust

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

ρ -0.34beyond mkt +0.02holdout -0.50stable 100%robust

Weekly, not daily

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

LRCX Lam Research Corporation Common Stock

horizon 10dρ +0.37holdout +0.31stable 75%robust

TVC Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028

horizon 10dρ +0.36holdout +0.37stable 38%moderate

RSBT Return Stacked Bonds & Managed Futures ETF

horizon 5dρ +0.33holdout +0.13stable 62%moderate

Changed this quarter

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

BTA Beacon Tactical Alternatives Risk ETF

Δ -0.55recent -0.48prior +0.08beyond mkt -0.04

BWMN Bowman Consulting Group Ltd. Common Stock

Δ -0.52recent -0.17prior +0.35beyond mkt +0.05

RSBT Return Stacked Bonds & Managed Futures ETF

Δ -0.49recent -0.16prior +0.34beyond mkt -0.01

HARD Simplify Commodities Strategy No K-1 ETF

Δ -0.48recent -0.47prior +0.01beyond mkt +0.01

TVC Tennessee Valley Authority Power Bonds 1998 Series D due June 1, 2028

Δ -0.46recent -0.30prior +0.16beyond mkt +0.01

FMF First Trust Managed Futures Strategy Fund

Δ -0.46recent -0.32prior +0.15beyond mkt +0.04

Hidden links

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

Symbol	beyond mkt	raw ρ	shared
SAN Banco Santander S.A.	+0.69	+0.86	17
BBVA Banco Bilbao Vizcaya Argentaria, S.A.	+0.67	+0.83	18
DB Deutsche Bank Aktiengesellschaft	+0.38	+0.72	13
BCS Barclays PLC	+0.36	+0.69	13
EUFN iShares MSCI Europe Financials ETF	+0.67	+0.89	22
EWI iShares MSCI Italy ETF	+0.56	+0.85	22