PHDG Invesco S&P 500 Downside Hedged ETF

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

PHDG vs PTNQ

Both indexed to 100 at 2026-05-11.

PHDG PTNQ · range 91–107 · 2026-05-11 → 2026-11-06

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

PTNQ Pacer Funds Trust Pacer Trendpilot 100 ETF

ρ +0.64beyond mkt +0.33holdout +0.68stable 100%robust

TSM Taiwan Semiconductor Manufacturing Company Ltd.

ρ +0.38beyond mkt -0.05holdout +0.46stable 88%robust

CHW Calamos Global Dynamic Income Fund Common Stock

ρ +0.46beyond mkt +0.04holdout +0.57stable 100%robust

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

ρ -0.32beyond mkt +0.27holdout -0.36stable 88%robust

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

ρ -0.45beyond mkt +0.01holdout -0.57stable 88%robust

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

OPTT Ocean Power Technologies, Inc.

horizon 5dρ +0.38holdout +0.53stable 75%robust

ERO Ero Copper Corp.

horizon 5dρ +0.32holdout +0.43stable 88%robust

DVYE iShares Emerging Markets Dividend ETF

horizon 5dρ +0.31holdout +0.32stable 75%robust

VIXM ProShares VIX Mid-Term Futures ETF

horizon 5dρ -0.31holdout -0.32stable 62%moderate

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

HARD Simplify Commodities Strategy No K-1 ETF

Δ -0.52recent -0.50prior +0.02beyond mkt +0.05

MG Mistras Group Inc.

Δ -0.50recent -0.17prior +0.33beyond mkt +0.05

ORKT Orangekloud Technology Inc. Class A Ordinary Shares

Δ -0.48recent -0.30prior +0.18beyond mkt +0.03

BTA Beacon Tactical Alternatives Risk ETF

Δ -0.45recent -0.35prior +0.10beyond mkt -0.04

CTA Simplify Managed Futures Strategy ETF

Δ -0.43recent -0.47prior -0.03beyond mkt +0.04

DOW Dow Inc.

Δ -0.43recent -0.36prior +0.07beyond mkt -0.00