GUNR Northern Trust Morningstar Global Upstream Natural Resources ETF

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

Same exposure: GNR, RLY, NANR, HAP move almost identically to GUNR (|ρ| ≥ 0.93). Same-day relationships for the group are listed here.

GUNR vs FTRI

Both indexed to 100 at 2026-05-11.

GUNR FTRI · range 89–107 · 2026-05-11 → 2026-11-06

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

FTRI First Trust Exchange-Traded Fund II First Trust Indxx Global Natural Resources Income ETF

ρ +0.88beyond mkt +0.62holdout +0.85stable 100%robust

IYM iShares U.S. Basic Materials ETF

ρ +0.73beyond mkt +0.47holdout +0.68stable 100%robust

MOO VanEck Agribusiness ETF

ρ +0.71beyond mkt +0.45holdout +0.65stable 100%robust

MGNR American Beacon GLG Natural Resources ETF

ρ +0.80beyond mkt +0.44holdout +0.82stable 100%robust

IGE iShares North American Natural Resources ETF

ρ +0.82beyond mkt +0.42holdout +0.78stable 100%robust

NTR Nutrien Ltd. Common Shares

ρ +0.57beyond mkt +0.39holdout +0.58stable 100%robust

UUP Invesco DB US Dollar Index Bullish Fund

ρ -0.34beyond mkt +0.07holdout -0.40stable 100%robust

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

ρ -0.31beyond mkt -0.05holdout -0.28stable 88%robust

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

EIDO iShares MSCI Indonesia ETF

horizon 10dρ +0.39holdout +0.43stable 75%robust

GLO Clough Global Opportunities Fund

horizon 5dρ +0.34holdout +0.07stable 88%moderate

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

MOOD Alpha Architect ETF Trust Relative Sentiment Tactical Allocation ETF

Δ -0.61recent +0.07prior +0.67beyond mkt +0.01

HII Huntington Ingalls Industries, Inc.

Δ -0.56recent -0.25prior +0.31beyond mkt -0.06

ENS EnerSys, Inc.

Δ -0.54recent -0.14prior +0.40beyond mkt -0.07

MRCY Mercury Systems Inc Common Stock

Δ -0.49recent -0.18prior +0.31beyond mkt -0.04

IVZ Invesco LTD

Δ -0.49recent -0.12prior +0.37beyond mkt +0.03

AHLT American Beacon AHL Trend ETF

Δ -0.49recent -0.03prior +0.46beyond mkt -0.02

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

Symbol	beyond mkt	raw ρ	shared
IGE iShares North American Natural Resources ETF	+0.42	+0.82	4
FTRI First Trust Exchange-Traded Fund II First Trust Indxx Global Natural Resources Income ETF	+0.62	+0.88	16
MOO VanEck Agribusiness ETF	+0.45	+0.71	14
IYM iShares U.S. Basic Materials ETF	+0.47	+0.73	15
RIO Rio Tinto plc	+0.37	+0.68	11
MGNR American Beacon GLG Natural Resources ETF	+0.44	+0.80	15