BMO Bank of Montreal

Last close: 171.13
504-day return: +100.57%
Median $/day: $73.9M
Relationships shown: 16

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

BMO vs CM

Both indexed to 100 at 2026-05-11.

BMO CM · range 96–122 · 2026-05-11 → 2026-11-06

Moves with BMO

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

CM Canadian Imperial Bank of Commerce

ρ +0.72beyond mkt +0.50holdout +0.89stable 100%robust

RY Royal Bank of Canada

ρ +0.73beyond mkt +0.46holdout +0.89stable 100%robust

BNS Bank of Nova Scotia

ρ +0.70beyond mkt +0.46holdout +0.88stable 100%robust

TD Toronto Dominion Bank

ρ +0.66beyond mkt +0.37holdout +0.87stable 88%robust

EWC iShares MSCI Canada ETF

ρ +0.69beyond mkt +0.35holdout +0.77stable 100%robust

GSIB Themes ETF Trust Themes Global Systemically Important Banks ETF

ρ +0.64beyond mkt +0.18holdout +0.77stable 100%robust

Moves against BMO

UUP Invesco DB US Dollar Index Bullish Fund

ρ -0.31beyond mkt -0.09holdout -0.47stable 88%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.40beyond mkt +0.06holdout -0.43stable 100%robust

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

ρ -0.47beyond mkt +0.04holdout -0.54stable 100%robust

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

ρ -0.42beyond mkt +0.03holdout -0.46stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.34beyond mkt +0.02holdout -0.26stable 62%moderate

Weekly, not daily

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

JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF

horizon 10dρ +0.48holdout +0.62stable 75%robust

WDC Western Digital Corporation Common Stock

horizon 10dρ +0.42holdout +0.30stable 62%moderate

VIVS VivoSim Labs, Inc. Common Stock

horizon 10dρ +0.41holdout +0.39stable 50%moderate

WKC World Kinect Corporation

horizon 10dρ +0.40holdout +0.24stable 75%robust

SVV Savers Value Village, Inc.

horizon 10dρ +0.39holdout +0.53stable 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 -0.61recent -0.24prior +0.37beyond mkt -0.06

BTA Beacon Tactical Alternatives Risk ETF

Δ -0.53recent -0.34prior +0.19beyond mkt +0.05

VALE VALE S.A.

Δ -0.51recent -0.09prior +0.42beyond mkt -0.03

MG Mistras Group Inc.

Δ -0.48recent -0.07prior +0.41beyond mkt -0.06

CENN Cenntro Inc. Common Stock

Δ -0.47recent -0.12prior +0.35beyond mkt +0.08

CSHR CoinShares PLC Ordinary Shares

Δ +0.46recent +0.45prior -0.01beyond mkt -0.03

Hidden links

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

Symbol	beyond mkt	raw ρ	shared
EWC iShares MSCI Canada ETF	+0.35	+0.69	8
CM Canadian Imperial Bank of Commerce	+0.50	+0.72	18
RY Royal Bank of Canada	+0.46	+0.73	19
TD Toronto Dominion Bank	+0.37	+0.66	18
BNS Bank of Nova Scotia	+0.46	+0.70	22