OR OR Royalties Inc.

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

OR vs GDX

Both indexed to 100 at 2026-05-11.

OR GDX · range 71–108 · 2026-05-11 → 2026-11-06

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

GDX VanEck Gold Miners ETF

ρ +0.85beyond mkt +0.58holdout +0.92stable 100%robust

FNV Franco-Nevada Corporation

ρ +0.80beyond mkt +0.53holdout +0.86stable 100%robust

TFPM Triple Flag Precious Metals Corp.

ρ +0.79beyond mkt +0.48holdout +0.90stable 100%robust

IDR Idaho Strategic Resources, Inc.

ρ +0.60beyond mkt +0.21holdout +0.76stable 100%robust

AHLT American Beacon AHL Trend ETF

ρ +0.30beyond mkt +0.09holdout +0.03stable 88%moderate

UUUU Energy Fuels Inc.

ρ +0.38beyond mkt -0.06holdout +0.50stable 88%robust

UUP Invesco DB US Dollar Index Bullish Fund

ρ -0.33beyond mkt +0.09holdout -0.49stable 88%robust

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

RSBT Return Stacked Bonds & Managed Futures ETF

horizon 5dρ +0.43holdout +0.38stable 88%robust

COM Direxion Auspice Broad Commodity Strategy ETF

horizon 5dρ +0.35holdout +0.08stable 75%moderate

DBMF iMGP DBi Managed Futures Strategy ETF

horizon 5dρ +0.35holdout +0.04stable 75%moderate

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

AHLT American Beacon AHL Trend ETF

Δ -0.55recent -0.18prior +0.37beyond mkt +0.09

DBMF iMGP DBi Managed Futures Strategy ETF

Δ -0.53recent -0.23prior +0.30beyond mkt +0.09

HARD Simplify Commodities Strategy No K-1 ETF

Δ -0.53recent -0.41prior +0.12beyond mkt -0.07

RSBT Return Stacked Bonds & Managed Futures ETF

Δ -0.49recent -0.15prior +0.34beyond mkt +0.04

COM Direxion Auspice Broad Commodity Strategy ETF

Δ -0.46recent -0.14prior +0.32beyond mkt -0.02

EZPW EZCORP, Inc. Class A Non Voting Common Stock

Δ +0.45recent +0.62prior +0.17beyond mkt +0.10

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

Symbol	beyond mkt	raw ρ	shared
GDX VanEck Gold Miners ETF	+0.58	+0.85	24
FNV Franco-Nevada Corporation	+0.53	+0.80	24
TFPM Triple Flag Precious Metals Corp.	+0.48	+0.79	25