SCHD Schwab US Dividend Equity ETF

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

Same exposure: SCHC, SCHY move almost identically to SCHD (|ρ| ≥ 0.93). Same-day relationships for the group are listed here.

SCHD vs FDL

Both indexed to 100 at 2026-05-11.

SCHD FDL · range 100–116 · 2026-05-11 → 2026-11-06

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

FDL First Trust Morningstar Dividend Leaders Index Fund

ρ +0.90beyond mkt +0.60holdout +0.86stable 100%robust

HDV iShares Core High Dividend ETF

ρ +0.86beyond mkt +0.59holdout +0.84stable 100%robust

DHS WisdomTree U.S. High Dividend Fund

ρ +0.90beyond mkt +0.59holdout +0.87stable 100%robust

DIVP Cullen Enhanced Equity Income ETF

ρ +0.90beyond mkt +0.55holdout +0.88stable 100%robust

DIVB iShares Core Dividend ETF

ρ +0.87beyond mkt +0.53holdout +0.87stable 100%robust

TBG TBG Dividend Focus ETF

ρ +0.88beyond mkt +0.50holdout +0.86stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.35beyond mkt -0.04holdout -0.19stable 88%robust

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

ρ -0.38beyond mkt -0.02holdout -0.19stable 88%robust

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

MTRN Materion Corporation

Δ -0.84recent -0.46prior +0.39beyond mkt -0.09

FORM FormFactor, Inc. FormFactor, Inc. Common Stock

Δ -0.83recent -0.64prior +0.19beyond mkt -0.04

AVT Avnet, Inc. Common Stock

Δ -0.81recent -0.38prior +0.43beyond mkt +0.03

BHE Benchmark Electronics

Δ -0.79recent -0.50prior +0.30beyond mkt -0.06

MBCE Monarch Blue Chips Elite Index ETF

Δ -0.78recent -0.37prior +0.41beyond mkt +0.01

KEYS Keysight Technologies, Inc.

Δ -0.78recent -0.44prior +0.34beyond mkt -0.03

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

Symbol	beyond mkt	raw ρ	shared
COWZ Pacer US Cash Cows 100 ETF	+0.47	+0.84	5
HDV iShares Core High Dividend ETF	+0.59	+0.86	13
FDL First Trust Morningstar Dividend Leaders Index Fund	+0.60	+0.90	16
DHS WisdomTree U.S. High Dividend Fund	+0.59	+0.90	16
ONEY State Street SPDR Russell 1000 Yield Focus ETF	+0.37	+0.89	8
DIVB iShares Core Dividend ETF	+0.53	+0.87	15