FLRG Fidelity U.S. Multifactor ETF

Last close: 40.51
504-day return: +23.85%
Median $/day: $711k
Relationships shown: 13
Leader rank: #315

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

Same exposure: FCPI move almost identically to FLRG (|ρ| ≥ 0.93). Same-day relationships for the group are listed here.

FLRG vs QDEF

Both indexed to 100 at 2026-05-11.

FLRG QDEF · range 98–107 · 2026-05-11 → 2026-11-06

Follows FLRG

These tend to repeat FLRG's moves later.

JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF

lag 1dρ -0.21holdout -0.28stable 75%$/day $105krobust

EP Empire Petroleum Corporation

lag 1dρ -0.20holdout -0.10stable 75%$/day $129kmoderate

Moves with FLRG

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

QDEF Northern Trust Quality Dividend Defensive ETF

ρ +0.92beyond mkt +0.51holdout +0.92stable 100%robust

KHPI Kensington Hedged Premium Income ETF

ρ +0.81beyond mkt +0.16holdout +0.87stable 100%robust

MSBI Midland States Bancorp, Inc. Common Stock

ρ +0.40beyond mkt +0.16holdout +0.38stable 100%robust

TMP Tompkins Financial Corporation

ρ +0.45beyond mkt +0.11holdout +0.37stable 88%robust

ZNOV Innovator Equity Defined Protection ETF - 1 Yr November

ρ +0.75beyond mkt +0.11holdout +0.80stable 100%robust

IGI Western Asset Investment Grade Defined Opportunity Trust Inc.

ρ +0.31beyond mkt -0.08holdout +0.35stable 88%robust

Moves against FLRG

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

ρ -0.58beyond mkt +0.13holdout -0.60stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.62beyond mkt +0.12holdout -0.51stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.59beyond mkt +0.09holdout -0.44stable 100%robust

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

ρ -0.72beyond mkt +0.09holdout -0.66stable 100%robust

CAOS Alpha Architect Tail Risk ETF

ρ -0.31beyond mkt -0.00holdout -0.32stable 88%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 -0.65recent -0.17prior +0.49beyond mkt -0.01

BTA Beacon Tactical Alternatives Risk ETF

Δ -0.60recent -0.40prior +0.20beyond mkt -0.00

NNOX NANO-X IMAGING LTD Ordinary Shares

Δ -0.56recent -0.13prior +0.43beyond mkt -0.00

HZO MarineMax, Inc.

Δ -0.53recent -0.05prior +0.48beyond mkt +0.00

EPAC Enerpac Tool Group Corp.

Δ -0.52recent -0.02prior +0.50beyond mkt -0.02

MTZ MasTec, Inc.

Δ -0.51recent +0.04prior +0.55beyond mkt -0.01

Hidden links

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

Symbol	beyond mkt	raw ρ	shared	isolation
QDEF Northern Trust Quality Dividend Defensive ETF	+0.51	+0.92	13