HEI HEICO Corporation

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

Same exposure: HEI.A move almost identically to HEI (|ρ| ≥ 0.93). Same-day relationships for the group are listed here.

HEI vs ITA

Both indexed to 100 at 2026-05-11.

HEI ITA · range 90–129 · 2026-05-11 → 2026-11-06

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

ITA iShares U.S. Aerospace & Defense ETF

ρ +0.72beyond mkt +0.54holdout +0.80stable 100%robust

MISL First Trust Indxx Aerospace & Defense ETF

ρ +0.68beyond mkt +0.49holdout +0.70stable 100%robust

NATO Themes ETF Trust Themes Transatlantic Defense ETF

ρ +0.64beyond mkt +0.42holdout +0.76stable 100%robust

TDG TransDigm Group Incorporated

ρ +0.60beyond mkt +0.41holdout +0.70stable 100%robust

RTX RTX Corporation

ρ +0.55beyond mkt +0.41holdout +0.56stable 100%robust

HWM Howmet Aerospace Inc.

ρ +0.59beyond mkt +0.38holdout +0.57stable 100%robust

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

ρ -0.32beyond mkt +0.08holdout -0.37stable 88%robust

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

ρ -0.34beyond mkt -0.06holdout -0.41stable 100%robust

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

BTSG BrightSpring Health Services, Inc. Common Stock

horizon 5dρ +0.30holdout +0.28stable 88%robust

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

HZO MarineMax, Inc.

Δ -0.58recent -0.27prior +0.31beyond mkt +0.07

BWMN Bowman Consulting Group Ltd. Common Stock

Δ -0.56recent -0.25prior +0.30beyond mkt -0.02

PGNY Progyny, Inc. Common Stock

Δ -0.51recent -0.36prior +0.16beyond mkt +0.03

AOCT Innovator Equity Defined Protection ETF - 2 Yr to October 2028

Δ -0.46recent -0.06prior +0.40beyond mkt -0.00

BTA Beacon Tactical Alternatives Risk ETF

Δ -0.45recent -0.34prior +0.12beyond mkt -0.02

TGS Transportadora de Gas del Sur S.A. ADS

Δ -0.43recent -0.33prior +0.10beyond mkt +0.05

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

Symbol	beyond mkt	raw ρ	shared
MISL First Trust Indxx Aerospace & Defense ETF	+0.49	+0.68	18
ITA iShares U.S. Aerospace & Defense ETF	+0.54	+0.72	21
HWM Howmet Aerospace Inc.	+0.38	+0.59	18
GE GE Aerospace	+0.37	+0.60	19
CW Curtiss-Wright Corp.	+0.36	+0.57	20
NATO Themes ETF Trust Themes Transatlantic Defense ETF	+0.42	+0.64	22