APD Air Products & Chemicals, Inc.

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

APD vs XLB

Both indexed to 100 at 2026-05-11.

APD XLB · range 89–106 · 2026-05-11 → 2026-11-06

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

XLB State Street Materials Select Sector SPDR ETF

ρ +0.63beyond mkt +0.47holdout +0.53stable 100%robust

LIN Linde plc Ordinary Shares

ρ +0.60beyond mkt +0.44holdout +0.71stable 100%robust

IYM iShares U.S. Basic Materials ETF

ρ +0.56beyond mkt +0.41holdout +0.42stable 100%robust

EMN Eastman Chemical Company

ρ +0.53beyond mkt +0.29holdout +0.38stable 100%robust

NOBL ProShares S&P 500 Dividend Aristocrats ETF

ρ +0.55beyond mkt +0.11holdout +0.36stable 88%robust

SCHD Schwab US Dividend Equity ETF

ρ +0.55beyond mkt +0.05holdout +0.42stable 100%robust

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

KEYS Keysight Technologies, Inc.

Δ -0.61recent -0.32prior +0.29beyond mkt -0.01

MTRN Materion Corporation

Δ -0.60recent -0.30prior +0.30beyond mkt -0.01

DOCN DigitalOcean Holdings, Inc.

Δ -0.60recent -0.40prior +0.20beyond mkt +0.04

QVMT Invesco S&P 500 Concentrated QVM ETF

Δ -0.58recent -0.13prior +0.45beyond mkt -0.00

MTUM iShares MSCI USA Momentum Factor ETF

Δ -0.58recent -0.35prior +0.23beyond mkt -0.00

FORM FormFactor, Inc. FormFactor, Inc. Common Stock

Δ -0.57recent -0.38prior +0.19beyond mkt -0.00

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

Symbol	beyond mkt	raw ρ	shared
IYM iShares U.S. Basic Materials ETF	+0.41	+0.56	10
XLB State Street Materials Select Sector SPDR ETF	+0.47	+0.63	17
LIN Linde plc Ordinary Shares	+0.44	+0.60	17