SLX VanEck Steel ETF

Last close: 96.30
504-day return: +50.23%
Median $/day: $1.5M
Relationships shown: 16

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

SLX vs NUE

Both indexed to 100 at 2026-05-11.

SLX NUE · range 89–120 · 2026-05-11 → 2026-11-06

Moves with SLX

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

NUE Nucor Corporation

ρ +0.71beyond mkt +0.63holdout +0.71stable 100%robust

STLD Steel Dynamics, Inc.

ρ +0.72beyond mkt +0.62holdout +0.72stable 100%robust

CLF Cleveland-Cliffs Inc.

ρ +0.68beyond mkt +0.53holdout +0.66stable 100%robust

CMC Commercial Metals Company

ρ +0.74beyond mkt +0.53holdout +0.73stable 100%robust

XME State Street SPDR S&P Metals & Mining ETF

ρ +0.76beyond mkt +0.53holdout +0.78stable 100%robust

RS Reliance, Inc.

ρ +0.67beyond mkt +0.53holdout +0.64stable 100%robust

Moves against SLX

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

ρ -0.55beyond mkt -0.14holdout -0.58stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.35beyond mkt +0.08holdout -0.25stable 75%robust

UUP Invesco DB US Dollar Index Bullish Fund

ρ -0.30beyond mkt +0.06holdout -0.48stable 75%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.42beyond mkt +0.05holdout -0.35stable 100%robust

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

ρ -0.49beyond mkt +0.04holdout -0.50stable 100%robust

Weekly, not daily

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

BBDC Barings BDC, Inc.

horizon 10dρ +0.39holdout +0.23stable 88%robust

PFN PIMCO Income Strategy Fund II

horizon 5dρ +0.39holdout +0.37stable 75%robust

ATNI ATN International, Inc. Common Stock

horizon 10dρ +0.36holdout +0.21stable 88%robust

ABOS Acumen Pharmaceuticals, Inc. Common Stock

horizon 5dρ +0.32holdout +0.20stable 100%robust

TCPC BlackRock TCP Capital Corp. Common Stock

horizon 5dρ +0.30holdout +0.34stable 88%robust

Changed this quarter

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

DOW Dow Inc.

Δ -0.56recent -0.20prior +0.36beyond mkt +0.04

ASIX AdvanSix Inc.

Δ -0.56recent -0.15prior +0.40beyond mkt +0.04

BWMN Bowman Consulting Group Ltd. Common Stock

Δ -0.55recent -0.11prior +0.44beyond mkt +0.08

VFLO Victory Portfolios II VictoryShares Free Cash Flow ETF

Δ -0.54recent -0.03prior +0.51beyond mkt -0.00

DIVB iShares Core Dividend ETF

Δ -0.54recent +0.00prior +0.54beyond mkt +0.02

COWZ Pacer US Cash Cows 100 ETF

Δ -0.52recent +0.03prior +0.55beyond mkt +0.07

Hidden links

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

Symbol	beyond mkt	raw ρ	shared
GGB Gerdau S.A.	+0.40	+0.66	7
VALE VALE S.A.	+0.40	+0.70	8
RIO Rio Tinto plc	+0.44	+0.73	11
WS Worthington Steel, Inc.	+0.41	+0.67	12
XME State Street SPDR S&P Metals & Mining ETF	+0.53	+0.76	17
MT ArcelorMittal	+0.42	+0.71	14