BSBR BANCO SANTANDER (BRASIL) SA

Last close: 4.64
504-day return: +11.59%
Median $/day: $3.7M
Relationships shown: 13

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

BSBR vs EWZ

Both indexed to 100 at 2026-05-11.

BSBR EWZ · range 79–114 · 2026-05-11 → 2026-11-06

Moves with BSBR

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

EWZ iShares MSCI Brazil ETF

ρ +0.77beyond mkt +0.67holdout +0.69stable 100%robust

SBS COMPANHIA DE SANEAMENTO B SICO DO ESTADO DE SAO PAULO-SABESP ADS'S

ρ +0.66beyond mkt +0.55holdout +0.57stable 100%robust

INTR Inter & Co. Inc. Class A Common Shares

ρ +0.66beyond mkt +0.54holdout +0.59stable 100%robust

CIG Companhia Energetica De Minas Gerais-CEMIG

ρ +0.62beyond mkt +0.53holdout +0.56stable 100%robust

UGP Ultrapar Participacoes S.A.

ρ +0.56beyond mkt +0.50holdout +0.35stable 100%robust

XP XP Inc. Class A Common Stock

ρ +0.62beyond mkt +0.48holdout +0.58stable 100%robust

Moves against BSBR

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

ρ -0.37beyond mkt -0.04holdout -0.55stable 88%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.30beyond mkt -0.00holdout -0.50stable 75%robust

Weekly, not daily

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

BCIC BCP Investment Corporation Common Stock

horizon 10dρ +0.47holdout +0.50stable 25%moderate

HTH HILLTOP HOLDINGS INC.

horizon 10dρ +0.42holdout +0.34stable 75%robust

PBR PETROLEO BRASILEIRO S.A.-PETROBRAS ADS (REP 1 COMMON SHARE)

horizon 10dρ +0.40holdout +0.32stable 62%moderate

SEA U.S. Global Sea to Sky Cargo ETF

horizon 10dρ +0.38holdout +0.46stable 88%robust

PWP Perella Weinberg Partners Class A Common Stock

horizon 10dρ +0.35holdout +0.31stable 75%robust

Changed this quarter

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

HARD Simplify Commodities Strategy No K-1 ETF

Δ -0.55recent -0.45prior +0.09beyond mkt -0.00

TOYO TOYO Co., Ltd Ordinary Shares

Δ +0.49recent +0.52prior +0.03beyond mkt -0.01

SAN Banco Santander S.A.

Δ +0.49recent +0.93prior +0.44beyond mkt +0.17

IMO Imperial Oil Limited

Δ -0.47recent -0.35prior +0.12beyond mkt -0.04

VET VERMILION ENERGY INC.

Δ -0.46recent -0.41prior +0.05beyond mkt -0.08

SU Suncor Energy, Inc.

Δ -0.46recent -0.37prior +0.09beyond mkt -0.02

Hidden links

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

Symbol	beyond mkt	raw ρ	shared
PAGS PagSeguro Digital Ltd.	+0.44	+0.57	22
STNE StoneCo Ltd. Class A Common Shares	+0.43	+0.57	22
ABEV AMBEV S.A.	+0.43	+0.55	22
EWZ iShares MSCI Brazil ETF	+0.67	+0.77	25
SBS COMPANHIA DE SANEAMENTO B SICO DO ESTADO DE SAO PAULO-SABESP ADS'S	+0.55	+0.66	24
NU Nu Holdings Ltd.	+0.41	+0.56	23