PIO Invesco Exchange-Traded Fund Trust II Invesco Global Water ETF

Last close: 44.17
504-day return: +11.23%
Median $/day: $283k
Relationships shown: 14
Leader rank: #870

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

PIO vs CGW

Both indexed to 100 at 2026-05-11.

PIO CGW · range 94–104 · 2026-05-11 → 2026-11-06

Follows PIO

These tend to repeat PIO's moves later.

RGCO RGC Resources Inc. Common Stock

lag 1dρ -0.20holdout -0.17stable 88%$/day $228krobust

Moves with PIO

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

CGW Invesco S&P Global Water Index ETF

ρ +0.83beyond mkt +0.52holdout +0.85stable 100%robust

FIW First Trust Water ETF

ρ +0.82beyond mkt +0.46holdout +0.83stable 100%robust

PNR Pentair plc

ρ +0.69beyond mkt +0.31holdout +0.67stable 100%robust

SBS COMPANHIA DE SANEAMENTO B SICO DO ESTADO DE SAO PAULO-SABESP ADS'S

ρ +0.42beyond mkt +0.26holdout +0.47stable 100%robust

EVX VanEck Environmental Services ETF

ρ +0.70beyond mkt +0.26holdout +0.71stable 100%robust

FERG Ferguson Enterprises Inc.

ρ +0.64beyond mkt +0.21holdout +0.57stable 100%robust

Moves against PIO

TAIL Cambria Tail Risk ETF

ρ -0.37beyond mkt -0.06holdout -0.21stable 75%robust

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

ρ -0.44beyond mkt +0.04holdout -0.50stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.51beyond mkt -0.02holdout -0.50stable 100%robust

UUP Invesco DB US Dollar Index Bullish Fund

ρ -0.31beyond mkt +0.01holdout -0.44stable 75%robust

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

ρ -0.58beyond mkt -0.01holdout -0.55stable 100%robust

Weekly, not daily

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

CRIS Curis, Inc. Common Stock

horizon 5dρ +0.39holdout +0.33stable 75%robust

MU Micron Technology, Inc. Common Stock

horizon 5dρ +0.33holdout +0.12stable 88%moderate

Changed this quarter

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

BTA Beacon Tactical Alternatives Risk ETF

Δ -0.69recent -0.48prior +0.22beyond mkt +0.05

MEOH Methanex Corporation Common Stock

Δ -0.62recent -0.50prior +0.13beyond mkt -0.02

DAR DARLING INGREDIENTS INC.

Δ -0.61recent -0.42prior +0.19beyond mkt -0.04

HZO MarineMax, Inc.

Δ -0.55recent -0.04prior +0.51beyond mkt -0.02

MGY Magnolia Oil & Gas Corporation Class A Common Stock

Δ -0.53recent -0.50prior +0.04beyond mkt +0.00

BWMN Bowman Consulting Group Ltd. Common Stock

Δ -0.52recent -0.08prior +0.45beyond mkt +0.03

Hidden links

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

Symbol	beyond mkt	raw ρ	shared	isolation
CGW Invesco S&P Global Water Index ETF	+0.52	+0.83	9
FIW First Trust Water ETF	+0.46	+0.82	9