ρ +0.84beyond mkt +0.68holdout +0.84stable 100%robust
SCJ iShares MSCI Japan Small-Cap ETF
- Last close
- 100.99
- 504-day return
- +44.09%
- Median $/day
- $2.2M
- Relationships shown
- 14
together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture
Same exposure: DFJ, FJP move almost identically to SCJ (|ρ| ≥ 0.93). Same-day relationships for the group are listed here.
SCJ vs EWJ
Both indexed to 100 at 2026-05-11.
Moves with SCJ
Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").
ρ +0.82beyond mkt +0.63holdout +0.86stable 100%robust
ρ +0.75beyond mkt +0.61holdout +0.82stable 100%robust
ρ +0.71beyond mkt +0.55holdout +0.87stable 100%robust
ρ +0.41beyond mkt +0.11holdout +0.35stable 100%robust
ρ +0.33beyond mkt -0.05holdout +0.37stable 100%robust
Moves against SCJ
ρ -0.33beyond mkt +0.04holdout -0.48stable 88%robust
ρ -0.40beyond mkt +0.01holdout -0.38stable 100%robust
ρ -0.42beyond mkt +0.01holdout -0.57stable 100%robust
ρ -0.35beyond mkt -0.00holdout -0.52stable 100%robust
Weekly, not daily
No day-to-day relationship, but 5- or 10-day returns move together.
horizon 10dρ +0.45holdout +0.34stable 62%moderate
horizon 10dρ +0.37holdout +0.16stable 25%moderate
horizon 10dρ +0.36holdout +0.47stable 75%robust
horizon 5dρ +0.31holdout +0.33stable 75%robust
Changed this quarter
Biggest shifts in same-day correlation over the last 63 trading days versus the year before.
Δ -0.52recent -0.39prior +0.13beyond mkt +0.04
Δ -0.50recent -0.38prior +0.12beyond mkt +0.01
Δ -0.46recent -0.37prior +0.10beyond mkt -0.11
Δ -0.46recent -0.50prior -0.04beyond mkt -0.07
Δ -0.43recent -0.37prior +0.06beyond mkt +0.02
Δ -0.41recent -0.05prior +0.37beyond mkt +0.01
Hidden links
Strong beyond-the-market co-movement with few shared neighbours.
| Symbol | beyond mkt | raw ρ | shared | isolation |
|---|---|---|---|---|
| EWJ iShares MSCI Japan ETF | +0.68 | +0.84 | 16 | |
| AVDV Avantis International Small Cap Value ETF | +0.63 | +0.82 | 18 | |
| DXJ WisdomTree Japan Hedged Equity Fund | +0.55 | +0.71 | 18 | |
| OPPJ WisdomTree Trust WisdomTree Japan Opportunities Fund | +0.61 | +0.75 | 22 | |
| JOF JAPAN SMALLER CAPITALIZATION FUND | +0.41 | +0.65 | 25 |