KBDC Kayne Anderson BDC, Inc.

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

KBDC vs PBDC

Both indexed to 100 at 2026-05-11.

KBDC PBDC · range 89–108 · 2026-05-11 → 2026-11-06

These tend to repeat KBDC's moves later.

MLP Maui Land & Pineapple Co.

lag 1dρ -0.20holdout -0.17stable 88%$/day $261krobust

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

PBDC Putnam BDC Income ETF

ρ +0.71beyond mkt +0.54holdout +0.84stable 100%robust

NCDL Nuveen Churchill Direct Lending Corp

ρ +0.68beyond mkt +0.52holdout +0.78stable 100%robust

BCSF Bain Capital Specialty Finance, Inc.

ρ +0.65beyond mkt +0.48holdout +0.79stable 100%robust

SLRC SLR Investment Corp. Common Stock

ρ +0.65beyond mkt +0.48holdout +0.73stable 100%robust

NMFC New Mountain Finance Corporation Common Stock

ρ +0.64beyond mkt +0.47holdout +0.79stable 100%robust

VPC Virtus Private Credit Strategy ETF

ρ +0.66beyond mkt +0.47holdout +0.77stable 100%robust

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

ρ -0.30beyond mkt +0.03holdout -0.28stable 62%moderate

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

DOYU DouYu International Holdings Limited ADS

Δ -0.61recent -0.35prior +0.26beyond mkt +0.05

OBE Obsidian Energy Ltd.

Δ -0.54recent -0.48prior +0.06beyond mkt -0.05

WTTR Select Water Solutions, Inc.

Δ -0.52recent -0.31prior +0.20beyond mkt +0.00

GPRE Green Plains Inc. Common Stock

Δ -0.50recent -0.34prior +0.15beyond mkt -0.04

SEI Solaris Energy Infrastructure, Inc.

Δ -0.49recent -0.34prior +0.15beyond mkt +0.01

LBRT Liberty Energy Inc.

Δ -0.48recent -0.33prior +0.15beyond mkt -0.03

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

Symbol	beyond mkt	raw ρ	shared
KBWD Invesco Exchange-Traded Fund Trust II Invesco KBW High Dividend Yield Financial ETF	+0.41	+0.66	16
BCSF Bain Capital Specialty Finance, Inc.	+0.48	+0.65	25
PBDC Putnam BDC Income ETF	+0.54	+0.71	26
TSLX Sixth Street Specialty Lending, Inc.	+0.43	+0.61	25
GSBD Goldman Sachs BDC, Inc.	+0.43	+0.61	25
SLRC SLR Investment Corp. Common Stock	+0.48	+0.65	26