CIGI Colliers International Group Inc. Subordinate Voting Shares

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

CIGI vs CBRE

Both indexed to 100 at 2026-05-11.

CIGI CBRE · range 83–114 · 2026-05-11 → 2026-11-06

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

CBRE CBRE GROUP, INC.

ρ +0.69beyond mkt +0.44holdout +0.63stable 100%robust

NMRK Newmark Group, Inc. Class A Common Stock

ρ +0.66beyond mkt +0.44holdout +0.56stable 100%robust

JLL Jones Lang LaSalle, Inc.

ρ +0.68beyond mkt +0.43holdout +0.63stable 100%robust

CWK Cushman & Wakefield Ltd.

ρ +0.67beyond mkt +0.41holdout +0.58stable 100%robust

FSV FirstService Corporation Common Shares

ρ +0.57beyond mkt +0.31holdout +0.58stable 100%robust

MMI MARCUS & MILLICHAP

ρ +0.59beyond mkt +0.31holdout +0.51stable 100%robust

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

ρ -0.38beyond mkt -0.02holdout -0.13stable 75%moderate

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.34beyond mkt -0.01holdout -0.13stable 75%moderate

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

SVOL Simplify Volatility Premium ETF

horizon 5dρ +0.33holdout +0.04stable 75%moderate

TRTY Cambria Trinity ETF

horizon 5dρ +0.33holdout +0.16stable 75%moderate

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

SMTC Semtech Corporation Common Stock

Δ -0.63recent -0.39prior +0.25beyond mkt +0.05

SVOL Simplify Volatility Premium ETF

Δ -0.60recent -0.17prior +0.42beyond mkt -0.03

AVNW Aviat Networks, Inc. Common Stock

Δ -0.59recent -0.28prior +0.31beyond mkt +0.02

VALE VALE S.A.

Δ -0.59recent -0.38prior +0.21beyond mkt -0.07

BSJQ Invesco BulletShares 2026 High Yield Corporate Bond ETF

Δ -0.58recent -0.17prior +0.41beyond mkt +0.06

GGB Gerdau S.A.

Δ -0.57recent -0.31prior +0.26beyond mkt -0.02

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

Symbol	beyond mkt	raw ρ	shared
NMRK Newmark Group, Inc. Class A Common Stock	+0.44	+0.66	13
JLL Jones Lang LaSalle, Inc.	+0.43	+0.68	14
CBRE CBRE GROUP, INC.	+0.44	+0.69	15
CWK Cushman & Wakefield Ltd.	+0.41	+0.67	15