ZWS Zurn Elkay Water Solutions Corporation

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

ZWS vs FIW

Both indexed to 100 at 2026-05-11.

ZWS FIW · range 86–114 · 2026-05-11 → 2026-11-06

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

FIW First Trust Water ETF

ρ +0.75beyond mkt +0.39holdout +0.76stable 100%robust

XYL Xylem Inc

ρ +0.66beyond mkt +0.34holdout +0.64stable 100%robust

MWA Mueller Water Products, Inc.

ρ +0.66beyond mkt +0.33holdout +0.67stable 100%robust

WTS Watts Water Technologies, Inc. Class A

ρ +0.67beyond mkt +0.32holdout +0.61stable 100%robust

WMS ADVANCED DRAINAGE SYSTEMS, INC.

ρ +0.67beyond mkt +0.30holdout +0.73stable 100%robust

MSA Mine Safety Incorporated

ρ +0.62beyond mkt +0.26holdout +0.63stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.42beyond mkt -0.05holdout -0.32stable 100%robust

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

ρ -0.47beyond mkt -0.04holdout -0.36stable 100%robust

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

ρ -0.40beyond mkt +0.00holdout -0.32stable 100%robust

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

JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF

horizon 10dρ +0.51holdout +0.33stable 50%moderate

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

BTA Beacon Tactical Alternatives Risk ETF

Δ -0.56recent -0.38prior +0.18beyond mkt -0.04

NCEL NewcelX Ltd. Ordinary Shares

Δ -0.56recent -0.42prior +0.13beyond mkt -0.02

BWMN Bowman Consulting Group Ltd. Common Stock

Δ -0.53recent -0.11prior +0.42beyond mkt +0.10

BSJQ Invesco BulletShares 2026 High Yield Corporate Bond ETF

Δ -0.52recent -0.13prior +0.40beyond mkt +0.08

FBLG FibroBiologics, Inc. Common Stock

Δ -0.52recent -0.39prior +0.13beyond mkt -0.03

CLDT CHATHAM LODGING TRUST

Δ -0.50recent -0.05prior +0.44beyond mkt +0.00

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

Symbol	beyond mkt	raw ρ	shared	isolation
FIW First Trust Water ETF	+0.39	+0.75	12