DMA Destra Multi-Alternative Fund

DMA moves with SPE, GDV and IPO once the market is taken out.

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

DMA vs SPE

Both indexed to 100 at 2026-05-11.

DMA SPE · range 87–114 · 2026-05-11 → 2026-11-06

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

SPE Special Opportunities Fund, Inc.

ρ +0.37beyond mkt +0.18holdout +0.46stable 100%robust

GDV The Gabelli Dividend & Income Trust

ρ +0.36beyond mkt +0.14holdout +0.28stable 100%robust

IPO Renaissance IPO ETF

ρ +0.36beyond mkt +0.09holdout +0.31stable 100%robust

METV Roundhill Metaverse ETF

ρ +0.37beyond mkt +0.08holdout +0.36stable 100%robust

GABF Gabelli Financial Services Opportunities ETF

ρ +0.32beyond mkt +0.08holdout +0.18stable 88%robust

ARKK ARK Innovation ETF

ρ +0.36beyond mkt +0.08holdout +0.31stable 100%robust

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

BCS Barclays PLC

horizon 10dρ +0.47holdout +0.29stable 62%moderate

NMR Nomura Holdings, Inc

horizon 10dρ +0.46holdout +0.53stable 88%robust

OPY Oppenheimer Holdings, Inc.

horizon 10dρ +0.46holdout +0.44stable 75%robust

HLNE Hamilton Lane Incorporated Class A Common Stock

horizon 10dρ +0.46holdout +0.32stable 62%moderate

GSIB Themes ETF Trust Themes Global Systemically Important Banks ETF

horizon 10dρ +0.45holdout +0.32stable 75%robust

BNY Bank of New York Mellon Corporation

horizon 10dρ +0.44holdout +0.30stable 62%moderate

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

ORKT Orangekloud Technology Inc. Class A Ordinary Shares

Δ -0.50recent -0.39prior +0.11beyond mkt -0.02

LHX L3Harris Technologies, Inc.

Δ -0.45recent -0.36prior +0.09beyond mkt -0.07

ESPO VanEck Video Gaming and eSports ETF

Δ -0.43recent -0.10prior +0.33beyond mkt +0.02

BCML BayCom Corp Common Stock

Δ -0.42recent -0.31prior +0.11beyond mkt -0.04

SWX Southwest Gas Holdings, Inc.

Δ -0.41recent -0.33prior +0.08beyond mkt -0.02

FLDB Fidelity Merrimack Street Trust Fidelity Low Duration Bond ETF

Δ +0.39recent +0.41prior +0.03beyond mkt +0.06