NATO Themes ETF Trust Themes Transatlantic Defense ETF

Last close: 35.80
504-day return: +43.05%
Median $/day: $694k
Relationships shown: 13

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

NATO vs ITA

Both indexed to 100 at 2026-05-11.

NATO ITA · range 90–112 · 2026-05-11 → 2026-11-06

Moves with NATO

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 +0.87beyond mkt +0.77holdout +0.95stable 100%robust

SHLD Global X Defense Tech ETF

ρ +0.79beyond mkt +0.70holdout +0.77stable 100%robust

MISL First Trust Indxx Aerospace & Defense ETF

ρ +0.81beyond mkt +0.68holdout +0.86stable 100%robust

EUAD Select STOXX Europe Aerospace & Defense ETF

ρ +0.75beyond mkt +0.66holdout +0.85stable 100%robust

RTX RTX Corporation

ρ +0.67beyond mkt +0.61holdout +0.70stable 100%robust

DRS Leonardo DRS, Inc. Common Stock

ρ +0.64beyond mkt +0.50holdout +0.61stable 100%robust

Moves against NATO

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.34beyond mkt +0.08holdout -0.39stable 88%robust

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

ρ -0.40beyond mkt +0.06holdout -0.48stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.30beyond mkt +0.04holdout -0.21stable 50%moderate

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

ρ -0.41beyond mkt -0.03holdout -0.44stable 100%robust

Weekly, not daily

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

STXS Stereotaxis, Inc. Common Stock

horizon 10dρ +0.39holdout +0.30stable 88%robust

EFT Eaton Vance Floating-Rate Income Trust

horizon 5dρ +0.39holdout +0.44stable 88%robust

KB KB Financial Group Inc

horizon 5dρ +0.31holdout +0.20stable 62%moderate

Changed this quarter

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

CURI CuriosityStream Inc. Class A Common Stock

Δ -0.59recent -0.34prior +0.26beyond mkt -0.01

HZO MarineMax, Inc.

Δ -0.58recent -0.22prior +0.36beyond mkt +0.11

MG Mistras Group Inc.

Δ -0.58recent -0.22prior +0.36beyond mkt -0.03

BWMN Bowman Consulting Group Ltd. Common Stock

Δ -0.58recent -0.17prior +0.41beyond mkt +0.06

CNSP CNS Pharmaceuticals, Inc. Common Stock

Δ -0.53recent -0.36prior +0.17beyond mkt +0.04

BAER Bridger Aerospace Group Holdings, Inc. Common Stock

Δ -0.53recent -0.23prior +0.30beyond mkt +0.16

Hidden links

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

Symbol	beyond mkt	raw ρ	shared
EUAD Select STOXX Europe Aerospace & Defense ETF	+0.66	+0.75	11
XLI State Street Industrial Select Sector SPDR ETF	+0.46	+0.68	14
ROKT State Street SPDR S&P Kensho Final Frontiers ETF	+0.46	+0.68	15
MISL First Trust Indxx Aerospace & Defense ETF	+0.68	+0.81	21
HWM Howmet Aerospace Inc.	+0.40	+0.62	15
KTOS Kratos Defense & Security Solutions, Inc. Common Stock	+0.42	+0.58	16