RY Royal Bank of Canada

Last close: 201.16
504-day return: +73.97%
Median $/day: $157.9M
Relationships shown: 16
Leader rank: #435

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

RY vs CM

Both indexed to 100 at 2026-05-11.

RY CM · range 96–120 · 2026-05-11 → 2026-11-06

Follows RY

These tend to repeat RY's moves later.

RSMV Relative Strength Managed Volatility Strategy ETF

lag 1dρ -0.21holdout -0.29stable 88%$/day $156krobust

Moves with RY

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

CM Canadian Imperial Bank of Commerce

ρ +0.76beyond mkt +0.57holdout +0.89stable 100%robust

BNS Bank of Nova Scotia

ρ +0.73beyond mkt +0.52holdout +0.89stable 100%robust

TD Toronto Dominion Bank

ρ +0.72beyond mkt +0.50holdout +0.90stable 100%robust

EWC iShares MSCI Canada ETF

ρ +0.74beyond mkt +0.49holdout +0.75stable 100%robust

BMO Bank of Montreal

ρ +0.73beyond mkt +0.46holdout +0.89stable 100%robust

GSIB Themes ETF Trust Themes Global Systemically Important Banks ETF

ρ +0.67beyond mkt +0.24holdout +0.76stable 100%robust

Moves against RY

UUP Invesco DB US Dollar Index Bullish Fund

ρ -0.36beyond mkt -0.17holdout -0.48stable 88%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.40beyond mkt +0.08holdout -0.45stable 100%robust

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

ρ -0.37beyond mkt +0.04holdout -0.40stable 100%robust

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

ρ -0.50beyond mkt +0.01holdout -0.56stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.36beyond mkt +0.00holdout -0.23stable 75%robust

Weekly, not daily

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

NBIX Neurocrine Biosciences, Inc. Common Stock

horizon 10dρ +0.39holdout +0.33stable 62%moderate

JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF

horizon 10dρ +0.39holdout +0.57stable 88%robust

CARG CarGurus, Inc. Class A Common Stock

horizon 10dρ +0.37holdout +0.23stable 75%robust

AGIO Agios Pharmaceuticals, Inc. Common Stock

horizon 5dρ +0.30holdout +0.21stable 62%moderate

Changed this quarter

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

BWMN Bowman Consulting Group Ltd. Common Stock

Δ -0.60recent -0.26prior +0.33beyond mkt -0.09

VALE VALE S.A.

Δ -0.47recent -0.09prior +0.38beyond mkt -0.05

FRGT Freight Technologies, Inc. Ordinary Shares

Δ -0.47recent -0.32prior +0.15beyond mkt -0.00

BTA Beacon Tactical Alternatives Risk ETF

Δ -0.45recent -0.33prior +0.12beyond mkt -0.02

SID Companhia Siderurgica Nacional S.A. (CSN)

Δ -0.44recent -0.09prior +0.36beyond mkt -0.01

CRDF Cardiff Oncology, Inc. Common Stock

Δ -0.43recent -0.08prior +0.35beyond mkt +0.03

Hidden links

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

Symbol	beyond mkt	raw ρ	shared
EWC iShares MSCI Canada ETF	+0.49	+0.74	9
TD Toronto Dominion Bank	+0.50	+0.72	15
CM Canadian Imperial Bank of Commerce	+0.57	+0.76	18
BNS Bank of Nova Scotia	+0.52	+0.73	20
BMO Bank of Montreal	+0.46	+0.73	19