FBT First Trust NYSE Arca Biotechnology Index Fund

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

FBT vs IBB

Both indexed to 100 at 2026-05-11.

FBT IBB · range 96–134 · 2026-05-11 → 2026-11-06

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

IBB iShares Biotechnology ETF

ρ +0.91beyond mkt +0.72holdout +0.92stable 100%robust

PBE Invesco Biotechnology & Genome ETF

ρ +0.90beyond mkt +0.69holdout +0.94stable 100%robust

HTEC ROBO Global Healthcare Technology and Innovation ETF

ρ +0.83beyond mkt +0.56holdout +0.83stable 100%robust

FXH First Trust Health Care AlphaDEX Fund

ρ +0.81beyond mkt +0.55holdout +0.81stable 100%robust

GNOM Global X Funds Global X Genomics & Biotechnology ETF

ρ +0.84beyond mkt +0.53holdout +0.89stable 100%robust

PJP Invesco Pharmaceuticals ETF

ρ +0.77beyond mkt +0.44holdout +0.78stable 100%robust

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

ρ -0.38beyond mkt -0.09holdout -0.39stable 100%robust

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

ρ -0.46beyond mkt -0.02holdout -0.43stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.38beyond mkt -0.00holdout -0.36stable 88%robust

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

TLSI TriSalus Life Sciences, Inc. Common Stock

horizon 5dρ +0.30holdout +0.41stable 75%robust

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

PKE Park Aerospace Corp. Common Stock

Δ -0.56recent -0.24prior +0.32beyond mkt -0.05

VMI Valmont Industries, Inc.

Δ -0.55recent -0.16prior +0.39beyond mkt +0.01

ASH Ashland Inc.

Δ -0.55recent -0.11prior +0.44beyond mkt +0.01

REXR REXFORD INDUSTRIAL REALTY, INC.

Δ -0.54recent -0.16prior +0.38beyond mkt -0.04

ABM ABM Industries, Inc.

Δ -0.52recent -0.18prior +0.35beyond mkt +0.03

HZO MarineMax, Inc.

Δ -0.52recent -0.11prior +0.41beyond mkt -0.00

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

Symbol	beyond mkt	raw ρ	shared
XBI State Street SPDR S&P Biotech ETF	+0.43	+0.82	8
IDNA iShares Genomics Immunology and Healthcare ETF	+0.42	+0.83	10
GNOM Global X Funds Global X Genomics & Biotechnology ETF	+0.53	+0.84	14
IBB iShares Biotechnology ETF	+0.72	+0.91	19
PJP Invesco Pharmaceuticals ETF	+0.44	+0.77	13
BBP Virtus Biotech ETF	+0.35	+0.80	10