R Ryder System, Inc.

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

R vs CVLG

Both indexed to 100 at 2026-05-11.

R CVLG · range 89–153 · 2026-05-11 → 2026-11-06

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

CVLG Covenant Logistics Group, Inc.

ρ +0.66beyond mkt +0.41holdout +0.59stable 100%robust

XTN State Street SPDR S&P Transportation ETF

ρ +0.71beyond mkt +0.38holdout +0.64stable 100%robust

IYT iShares U.S. Transportation ETF

ρ +0.68beyond mkt +0.32holdout +0.59stable 100%robust

WERN Werner Enterprises, Inc. Common Stock

ρ +0.60beyond mkt +0.32holdout +0.52stable 100%robust

FTXR First Trust Exchange-Traded Fund VI First Trust Nasdaq Transportation ETF

ρ +0.71beyond mkt +0.31holdout +0.66stable 100%robust

SNDR Schneider National, Inc.

ρ +0.63beyond mkt +0.31holdout +0.57stable 100%robust

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

ρ -0.43beyond mkt +0.06holdout -0.24stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.37beyond mkt -0.04holdout -0.11stable 62%moderate

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.39beyond mkt +0.04holdout -0.19stable 88%moderate

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

ρ -0.41beyond mkt -0.01holdout -0.29stable 88%robust

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

SBFM Sunshine Biopharma Inc. Common Stock

Δ -0.67recent -0.43prior +0.24beyond mkt +0.01

BWMN Bowman Consulting Group Ltd. Common Stock

Δ -0.60recent -0.24prior +0.36beyond mkt +0.01

BOF BranchOut Food Inc. Common Stock

Δ -0.53recent -0.34prior +0.19beyond mkt -0.03

TGL Treasure Global Inc. Common Stock

Δ -0.52recent -0.39prior +0.13beyond mkt -0.05

SEIX Virtus SEIX Senior Loan ETF

Δ -0.52recent -0.21prior +0.31beyond mkt +0.03

XLC State Street Communication Services Select Sector SPDR ETF

Δ -0.52recent -0.21prior +0.31beyond mkt -0.05

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

Symbol	beyond mkt	raw ρ	shared	isolation
XTN State Street SPDR S&P Transportation ETF	+0.38	+0.71	21
CVLG Covenant Logistics Group, Inc.	+0.41	+0.66	23