PPH VanEck Pharmaceutical ETF

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

PPH vs IHE

Both indexed to 100 at 2026-05-11.

PPH IHE · range 100–126 · 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 +0.91beyond mkt +0.79holdout +0.93stable 100%robust

LLY Eli Lilly & Co.

ρ +0.79beyond mkt +0.71holdout +0.85stable 100%robust

XLV State Street Health Care Select Sector SPDR ETF

ρ +0.88beyond mkt +0.69holdout +0.92stable 100%robust

HRTS Tema ETF Trust Tema Heart & Health ETF

ρ +0.82beyond mkt +0.60holdout +0.89stable 100%robust

PJP Invesco Pharmaceuticals ETF

ρ +0.82beyond mkt +0.56holdout +0.86stable 100%robust

NVS Novartis AG

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

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

MTRN Materion Corporation

Δ -0.62recent -0.43prior +0.19beyond mkt -0.02

IPGP IPG Photonics Corporation Common Stock

Δ -0.60recent -0.44prior +0.16beyond mkt +0.04

CTOS Custom Truck One Source, Inc.

Δ -0.59recent -0.43prior +0.16beyond mkt +0.01

FORM FormFactor, Inc. FormFactor, Inc. Common Stock

Δ -0.58recent -0.51prior +0.07beyond mkt +0.01

MBCE Monarch Blue Chips Elite Index ETF

Δ -0.57recent -0.25prior +0.32beyond mkt +0.09

QVMT Invesco S&P 500 Concentrated QVM ETF

Δ -0.57recent -0.26prior +0.32beyond mkt -0.09

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

Symbol	beyond mkt	raw ρ	shared
NVO Novo-Nordisk A/S	+0.39	+0.57	11
OZEM Roundhill ETF Trust Roundhill GLP-1 & Weight Loss ETF	+0.49	+0.71	15
NVS Novartis AG	+0.52	+0.77	17
XLV State Street Health Care Select Sector SPDR ETF	+0.69	+0.88	21
AZN AstraZeneca PLC	+0.44	+0.71	16
PJP Invesco Pharmaceuticals ETF	+0.56	+0.82	19