JOF JAPAN SMALLER CAPITALIZATION FUND

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

JOF vs EWJ

Both indexed to 100 at 2026-05-11.

JOF EWJ · range 93–111 · 2026-05-11 → 2026-11-06

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

EWJ iShares MSCI Japan ETF

ρ +0.70beyond mkt +0.43holdout +0.74stable 100%robust

SCJ iShares MSCI Japan Small-Cap ETF

ρ +0.65beyond mkt +0.41holdout +0.68stable 100%robust

OPPJ WisdomTree Trust WisdomTree Japan Opportunities Fund

ρ +0.57beyond mkt +0.34holdout +0.64stable 100%robust

VPL Vanguard FTSE Pacific ETF

ρ +0.68beyond mkt +0.33holdout +0.69stable 100%robust

AVDV Avantis International Small Cap Value ETF

ρ +0.63beyond mkt +0.25holdout +0.65stable 100%robust

TDI Touchstone ETF Trust Touchstone Dynamic International ETF

ρ +0.63beyond mkt +0.15holdout +0.68stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.31beyond mkt +0.07holdout -0.37stable 88%robust

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

ρ -0.39beyond mkt +0.05holdout -0.44stable 88%robust

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

ρ -0.41beyond mkt +0.01holdout -0.58stable 100%robust

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

STXS Stereotaxis, Inc. Common Stock

horizon 10dρ +0.38holdout +0.59stable 88%robust

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

TTE TotalEnergies SE

Δ -0.56recent -0.45prior +0.11beyond mkt -0.07

MEOH Methanex Corporation Common Stock

Δ -0.52recent -0.40prior +0.12beyond mkt -0.02

SSL Sasol Limited

Δ -0.50recent -0.39prior +0.12beyond mkt -0.01

DOW Dow Inc.

Δ -0.50recent -0.36prior +0.15beyond mkt -0.01

E ENI S.p.A.

Δ -0.47recent -0.32prior +0.15beyond mkt -0.05

LYB LyondellBasell Industries N.V. Class A

Δ -0.46recent -0.37prior +0.09beyond mkt -0.02

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

Symbol	beyond mkt	raw ρ	shared	isolation
EWJ iShares MSCI Japan ETF	+0.43	+0.70	17
SCJ iShares MSCI Japan Small-Cap ETF	+0.41	+0.65	25