NVS Novartis AG

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

NVS vs PPH

Both indexed to 100 at 2026-05-11.

NVS PPH · range 94–124 · 2026-05-11 → 2026-11-06

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

PPH VanEck Pharmaceutical ETF

ρ +0.77beyond mkt +0.52holdout +0.86stable 100%robust

EWL iShares MSCI Switzerland ETF

ρ +0.66beyond mkt +0.46holdout +0.66stable 100%robust

AZN AstraZeneca PLC

ρ +0.66beyond mkt +0.39holdout +0.72stable 100%robust

HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF

ρ +0.62beyond mkt +0.34holdout +0.63stable 100%robust

IHE iShares U.S. Pharmaceuticals ETF

ρ +0.66beyond mkt +0.33holdout +0.81stable 100%robust

HRTS Tema ETF Trust Tema Heart & Health ETF

ρ +0.63beyond mkt +0.33holdout +0.80stable 100%robust

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

IFN Aberdeen India Fund, Inc.

horizon 5dρ +0.31holdout +0.25stable 75%robust

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

IPGP IPG Photonics Corporation Common Stock

Δ -0.50recent -0.31prior +0.19beyond mkt +0.14

HIDE EA Series Trust Alpha Architect High Inflation and Deflation ETF

Δ -0.48recent -0.18prior +0.30beyond mkt -0.06

WTMF WisdomTree Managed Futures Strategy Fund

Δ -0.48recent -0.38prior +0.10beyond mkt -0.01

KMLM KraneShares Mount Lucas Managed Futures Index Strategy ETF

Δ -0.45recent -0.47prior -0.01beyond mkt +0.03

MTZ MasTec, Inc.

Δ -0.45recent -0.43prior +0.02beyond mkt -0.09

BTA Beacon Tactical Alternatives Risk ETF

Δ -0.44recent -0.38prior +0.06beyond mkt -0.05

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

Symbol	beyond mkt	raw ρ	shared
EWL iShares MSCI Switzerland ETF	+0.46	+0.66	8
PPH VanEck Pharmaceutical ETF	+0.52	+0.77	17
AZN AstraZeneca PLC	+0.39	+0.66	18