STLD Steel Dynamics, Inc.

Last close: 222.90
504-day return: +71.20%
Median $/day: $206.8M
Relationships shown: 15

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

STLD vs NUE

Both indexed to 100 at 2026-05-11.

STLD NUE · range 93–120 · 2026-05-11 → 2026-11-06

Moves with STLD

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

NUE Nucor Corporation

ρ +0.86beyond mkt +0.79holdout +0.92stable 100%robust

RS Reliance, Inc.

ρ +0.75beyond mkt +0.62holdout +0.77stable 100%robust

SLX VanEck Steel ETF

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

CLF Cleveland-Cliffs Inc.

ρ +0.65beyond mkt +0.52holdout +0.65stable 100%robust

CMC Commercial Metals Company

ρ +0.68beyond mkt +0.49holdout +0.71stable 100%robust

RYZ RYERSON HOLDING CORPORATION

ρ +0.63beyond mkt +0.47holdout +0.65stable 100%robust

Moves against STLD

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

ρ -0.39beyond mkt -0.07holdout -0.33stable 100%robust

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

ρ -0.35beyond mkt +0.05holdout -0.26stable 88%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.31beyond mkt +0.02holdout -0.17stable 75%robust

Weekly, not daily

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

FDIQ Invesco Exchange-Traded Fund Trust II Invesco Bloomberg Financial Data Providers ETF

horizon 10dρ +0.43holdout +0.21stable 62%moderate

KFY Korn Ferry

horizon 5dρ +0.40holdout +0.35stable 75%robust

JRS Nuveen Real Estate Income Fund

horizon 10dρ +0.38holdout +0.31stable 75%robust

NMI Nuveen Municipal Income

horizon 10dρ +0.38holdout +0.29stable 50%moderate

BXMT Blackstone Mortgage Trust, Inc. (NEW)

horizon 10dρ +0.37holdout +0.19stable 75%robust

NLOP Net Lease Office Properties

horizon 10dρ +0.36holdout +0.53stable 62%moderate

Changed this quarter

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

KFY Korn Ferry

Δ -0.57recent -0.22prior +0.35beyond mkt +0.08

CHCT Community Healthcare Trust Incorporated Common Stock, $0.01 par value per share

Δ -0.57recent -0.42prior +0.15beyond mkt -0.11

TGLS Tecnoglass Holdings Inc.

Δ -0.57recent -0.22prior +0.35beyond mkt +0.01

APAM ARTISAN PARTNERS ASSET MANAGEMENT INC.

Δ -0.57recent -0.21prior +0.36beyond mkt -0.06

CLVT Clarivate Plc

Δ -0.55recent -0.40prior +0.15beyond mkt -0.06

NLOP Net Lease Office Properties

Δ -0.53recent -0.31prior +0.22beyond mkt -0.00

Hidden links

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

Symbol	beyond mkt	raw ρ	shared
WS Worthington Steel, Inc.	+0.41	+0.62	12
IYM iShares U.S. Basic Materials ETF	+0.35	+0.58	17
SLX VanEck Steel ETF	+0.62	+0.72	23
RYZ RYERSON HOLDING CORPORATION	+0.47	+0.63	21
MTUS Metallus Inc.	+0.43	+0.64	20
NUE Nucor Corporation	+0.79	+0.86	26