KLIP KraneShares KWEB Covered Call Strategy ETF

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

KLIP vs KTEC

Both indexed to 100 at 2026-05-11.

KLIP KTEC · range 74–103 · 2026-05-11 → 2026-11-06

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

KTEC KraneShares Hang Seng TECH Index ETF

ρ +0.82beyond mkt +0.74holdout +0.80stable 100%robust

FXI iShares China Large-Cap ETF

ρ +0.82beyond mkt +0.74holdout +0.81stable 100%robust

EMQQ EMQQ The Emerging Markets Internet ETF

ρ +0.82beyond mkt +0.71holdout +0.80stable 100%robust

BKF iShares MSCI BIC ETF

ρ +0.79beyond mkt +0.67holdout +0.75stable 100%robust

CXSE WisdomTree Trust WisdomTree China ex-State-Owned Enterprises Fund

ρ +0.74beyond mkt +0.62holdout +0.59stable 100%robust

BABO YieldMax BABA Option Income Strategy ETF

ρ +0.71beyond mkt +0.61holdout +0.70stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.31beyond mkt -0.04holdout -0.21stable 62%moderate

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

ρ -0.35beyond mkt +0.04holdout -0.22stable 88%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.32beyond mkt -0.02holdout -0.19stable 88%robust

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

E ENI S.p.A.

Δ -0.66recent -0.50prior +0.16beyond mkt -0.05

BP BP p.l.c.

Δ -0.55recent -0.47prior +0.08beyond mkt -0.09

DAR DARLING INGREDIENTS INC.

Δ -0.55recent -0.37prior +0.18beyond mkt +0.02

LYB LyondellBasell Industries N.V. Class A

Δ -0.55recent -0.35prior +0.20beyond mkt +0.06

DOW Dow Inc.

Δ -0.54recent -0.32prior +0.23beyond mkt +0.04

HARD Simplify Commodities Strategy No K-1 ETF

Δ -0.53recent -0.44prior +0.09beyond mkt -0.03

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

Symbol	beyond mkt	raw ρ	shared
CXSE WisdomTree Trust WisdomTree China ex-State-Owned Enterprises Fund	+0.62	+0.74	21
CQQQ Invesco China Technology ETF	+0.55	+0.69	21
DINT Davis Select International ETF	+0.54	+0.71	22
TDF Templeton Dragon Fund	+0.60	+0.73	23
BABO YieldMax BABA Option Income Strategy ETF	+0.61	+0.71	25
FXI iShares China Large-Cap ETF	+0.74	+0.82	26