JNJ Johnson & Johnson

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

JNJ vs IHE

Both indexed to 100 at 2026-05-11.

JNJ IHE · range 100–127 · 2026-05-11 → 2026-11-06

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

IHE iShares U.S. Pharmaceuticals ETF

ρ +0.66beyond mkt +0.48holdout +0.75stable 100%robust

XLV State Street Health Care Select Sector SPDR ETF

ρ +0.62beyond mkt +0.36holdout +0.75stable 100%robust

PPH VanEck Pharmaceutical ETF

ρ +0.64beyond mkt +0.33holdout +0.75stable 100%robust

NVS Novartis AG

ρ +0.60beyond mkt +0.28holdout +0.71stable 100%robust

AMGN Amgen Inc. Common Stock

ρ +0.57beyond mkt +0.27holdout +0.64stable 100%robust

PJP Invesco Pharmaceuticals ETF

ρ +0.55beyond mkt +0.26holdout +0.64stable 100%robust

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

DPG Duff & Phelps Utility and Infrastructure Fund Inc.

horizon 10dρ +0.41holdout +0.32stable 75%robust

FNGS MicroSectors FANG+ ETNs due January 8, 2038

horizon 10dρ -0.38holdout -0.42stable 75%robust

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

PNW Pinnacle West Capital Corporation

Δ -0.50recent -0.01prior +0.48beyond mkt +0.03

CRMD CorMedix Inc. Common Stock

Δ +0.49recent +0.51prior +0.02beyond mkt +0.02

APO Apollo Global Management, Inc.

Δ +0.49recent +0.33prior -0.16beyond mkt -0.06

KMDA Kamada Ltd. Ordinary Shares

Δ +0.44recent +0.41prior -0.03beyond mkt +0.07

IKT Inhibikase Therapeutics, Inc. Common Stock

Δ +0.43recent +0.46prior +0.03beyond mkt +0.01

C Citigroup Inc.

Δ +0.43recent +0.39prior -0.04beyond mkt +0.03

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

Symbol	beyond mkt	raw ρ	shared	isolation
IHE iShares U.S. Pharmaceuticals ETF	+0.48	+0.66	12
XLV State Street Health Care Select Sector SPDR ETF	+0.36	+0.62	12