ZAP Global X Funds Global X U.S. Electrification ETF

Last close: 30.92
504-day return: +33.10%
Median $/day: $2.5M
Relationships shown: 11
Leader rank: #377

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

ZAP vs XLU

Both indexed to 100 at 2026-05-11.

ZAP XLU · range 88–103 · 2026-05-11 → 2026-11-06

Follows ZAP

These tend to repeat ZAP's moves later.

UTG Reaves Utility Income Fund

lag 1dρ +0.22holdout +0.21stable 88%$/day $8.6Mrobust

EP Empire Petroleum Corporation

lag 1dρ -0.21holdout -0.11stable 75%$/day $129krobust

Moves with ZAP

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

XLU State Street Utilities Select Sector SPDR ETF

ρ +0.81beyond mkt +0.73holdout +0.71stable 100%robust

UTES Virtus Reaves Utilities ETF

ρ +0.84beyond mkt +0.63holdout +0.84stable 100%robust

ETR Entergy Corporation

ρ +0.72beyond mkt +0.52holdout +0.68stable 100%robust

IFRA iShares U.S. Infrastructure ETF

ρ +0.79beyond mkt +0.47holdout +0.87stable 100%robust

PEG Public Service Enterprise Group Incorporated

ρ +0.67beyond mkt +0.47holdout +0.63stable 100%robust

CEG Constellation Energy Corporation Common Stock

ρ +0.63beyond mkt +0.46holdout +0.61stable 100%robust

Moves against ZAP

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

ρ -0.43beyond mkt -0.04holdout -0.49stable 88%robust

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

ρ -0.42beyond mkt +0.02holdout -0.37stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.36beyond mkt +0.00holdout -0.28stable 88%robust

Changed this quarter

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

BWMN Bowman Consulting Group Ltd. Common Stock

Δ -0.62recent -0.24prior +0.38beyond mkt +0.00

PAHC Phibro Animal Health Corporation Class A Common Stock

Δ -0.51recent -0.19prior +0.32beyond mkt +0.00

SON Sonoco Products Company

Δ -0.50recent -0.17prior +0.33beyond mkt -0.00

STXS Stereotaxis, Inc. Common Stock

Δ -0.50recent -0.19prior +0.30beyond mkt -0.02

STE STERIS plc

Δ -0.48recent -0.31prior +0.18beyond mkt -0.07

DIVB iShares Core Dividend ETF

Δ -0.46recent -0.03prior +0.44beyond mkt -0.08

Hidden links

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

Symbol	beyond mkt	raw ρ	shared
VOLT Tema ETF Trust Tema Electrification ETF	+0.43	+0.77	3
TPZ Tortoise Electrification Infrastructure ETF	+0.41	+0.69	12
CEG Constellation Energy Corporation Common Stock	+0.46	+0.63	15
JXI iShares Global Utilities ETF	+0.65	+0.77	20
UTES Virtus Reaves Utilities ETF	+0.63	+0.84	20
IGF iShares Global Infrastructure ETF	+0.39	+0.71	14