KOF Coca-Cola FEMSA, S.A.B DE C.V

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

KOF vs FMX

Both indexed to 100 at 2026-05-11.

KOF FMX · range 96–116 · 2026-05-11 → 2026-11-06

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

FMX FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V.

ρ +0.55beyond mkt +0.46holdout +0.62stable 100%robust

EWW iShares MSCI Mexico ETF

ρ +0.48beyond mkt +0.35holdout +0.55stable 100%robust

ABEV AMBEV S.A.

ρ +0.37beyond mkt +0.23holdout +0.42stable 100%robust

PAC Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Amer. Dep. Shares (each rep. 10 Ser. B shares)

ρ +0.32beyond mkt +0.20holdout +0.32stable 88%robust

SDEM Global X MSCI SuperDividend Emerging Markets ETF

ρ +0.38beyond mkt +0.18holdout +0.44stable 100%robust

BUD Anheuser-Busch INBEV SA/NV

ρ +0.33beyond mkt +0.18holdout +0.35stable 88%robust

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

IMFL Invesco International Developed Dynamic Multifactor ETF

horizon 10dρ +0.58holdout +0.67stable 88%robust

WIP State Street SPDR FTSE International Government Inflation-Protected Bond ETF

horizon 10dρ +0.57holdout +0.68stable 100%robust

BWX State Street SPDR Bloomberg International Treasury Bond ETF

horizon 10dρ +0.57holdout +0.61stable 75%robust

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

BB BlackBerry Limited

Δ -0.59recent -0.47prior +0.12beyond mkt -0.02

IGHG ProShares Investment Grade-Interest Rate Hedged

Δ -0.58recent -0.42prior +0.15beyond mkt +0.06

MTSI MACOM Technology Solutions Holdings, Inc. Common Stock

Δ -0.55recent -0.34prior +0.21beyond mkt +0.13

KGS Kodiak Gas Services, Inc.

Δ -0.54recent -0.41prior +0.13beyond mkt -0.01

BRBR BellRing Brands, Inc.

Δ +0.54recent +0.54prior +0.01beyond mkt +0.04

FIX Comfort Systems USA, Inc.

Δ -0.53recent -0.36prior +0.17beyond mkt +0.06

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

Symbol	beyond mkt	raw ρ	shared	isolation
FMX FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V.	+0.46	+0.55	16