ERO Ero Copper Corp.

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

ERO vs COPX

Both indexed to 100 at 2026-05-11.

ERO COPX · range 80–139 · 2026-05-11 → 2026-11-06

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

COPX Global X Copper Miners ETF (NEW)

ρ +0.82beyond mkt +0.61holdout +0.86stable 100%robust

SCCO Southern Copper Corporation

ρ +0.77beyond mkt +0.50holdout +0.80stable 100%robust

HBM Hudbay Minerals Inc.

ρ +0.76beyond mkt +0.48holdout +0.84stable 100%robust

FCX Freeport-McMoran Inc.

ρ +0.74beyond mkt +0.44holdout +0.81stable 100%robust

TGB Trekor Metals Limited

ρ +0.70beyond mkt +0.39holdout +0.80stable 100%robust

TECK Teck Resources Limited

ρ +0.69beyond mkt +0.38holdout +0.71stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.32beyond mkt -0.07holdout -0.40stable 75%robust

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

ρ -0.42beyond mkt +0.06holdout -0.56stable 100%robust

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

ρ -0.35beyond mkt -0.02holdout -0.50stable 62%moderate

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

PHDG Invesco S&P 500 Downside Hedged ETF

horizon 5dρ +0.32holdout +0.43stable 88%robust

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

DIVB iShares Core Dividend ETF

Δ -0.59recent -0.33prior +0.26beyond mkt -0.03

GCOW Pacer Global Cash Cows Dividend ETF

Δ -0.57recent -0.24prior +0.33beyond mkt -0.03

STZ Constellation Brands, Inc.

Δ -0.55recent -0.45prior +0.10beyond mkt +0.01

HARD Simplify Commodities Strategy No K-1 ETF

Δ -0.54recent -0.35prior +0.19beyond mkt -0.02

AXS Axis Capital Holders Limited

Δ -0.52recent -0.53prior -0.01beyond mkt +0.00

WIT Wipro Limited

Δ -0.50recent -0.32prior +0.18beyond mkt +0.05

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

Symbol	beyond mkt	raw ρ	shared
EPU iShares MSCI Peru and Global Exposure ETF	+0.37	+0.72	18
FCX Freeport-McMoran Inc.	+0.44	+0.74	23
SCCO Southern Copper Corporation	+0.50	+0.77	24
HBM Hudbay Minerals Inc.	+0.48	+0.76	24
TGB Trekor Metals Limited	+0.39	+0.70	24
COPX Global X Copper Miners ETF (NEW)	+0.61	+0.82	27