IGE iShares North American Natural Resources ETF

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

IGE vs XLE

Both indexed to 100 at 2026-05-11.

IGE XLE · range 91–124 · 2026-05-11 → 2026-11-06

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

XLE State Street Energy Select Sector SPDR ETF

ρ +0.82beyond mkt +0.61holdout +0.74stable 100%robust

GUNR Northern Trust Morningstar Global Upstream Natural Resources ETF

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

OIH VanEck Oil Services ETF

ρ +0.77beyond mkt +0.32holdout +0.72stable 100%robust

PXI Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Energy Momentum ETF

ρ +0.80beyond mkt +0.31holdout +0.75stable 100%robust

DVN Devon Energy Corporation

ρ +0.70beyond mkt +0.27holdout +0.63stable 100%robust

EIPX FT Energy Income Partners Strategy ETF

ρ +0.81beyond mkt +0.25holdout +0.72stable 100%robust

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

BUI BlackRock Utilities, Infrastructure & Power Opportunities Trust

horizon 5dρ +0.34holdout +0.07stable 62%moderate

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

TTWO Take-Two Interactive Software, Inc. Common Stock

Δ -0.61recent -0.49prior +0.12beyond mkt -0.05

OBDC Blue Owl Capital Corporation

Δ -0.56recent -0.31prior +0.25beyond mkt -0.04

CHRW C.H. Robinson Worldwide, Inc. Common Stock

Δ -0.54recent -0.30prior +0.24beyond mkt -0.08

MOOD Alpha Architect ETF Trust Relative Sentiment Tactical Allocation ETF

Δ -0.54recent -0.00prior +0.54beyond mkt +0.06

NXST Nexstar Media Group, Inc. Common Stock

Δ -0.54recent -0.34prior +0.20beyond mkt +0.03

VCEL Vericel Corporation Common Stock

Δ -0.51recent -0.35prior +0.16beyond mkt +0.06

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

Symbol	beyond mkt	raw ρ	shared
GUNR Northern Trust Morningstar Global Upstream Natural Resources ETF	+0.42	+0.82	4
FTXN First Trust Exchange-Traded Fund VI First Trust Nasdaq Oil & Gas ETF	+0.57	+0.82	15
FXN First Trust Energy AlphaDEX Fund	+0.47	+0.82	13
RSPG Invesco S&P 500 Equal Weight Energy ETF	+0.57	+0.84	16
XLE State Street Energy Select Sector SPDR ETF	+0.61	+0.82	17
IEO iShares U.S. Oil & Gas Exploration & Production ETF	+0.42	+0.78	12