VALE VALE S.A.

Last close: 11.59
504-day return: +26.14%
Median $/day: $319.0M
Relationships shown: 11

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

VALE vs SID

Both indexed to 100 at 2026-05-11.

VALE SID · range 52–104 · 2026-05-11 → 2026-11-06

Moves with VALE

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

SID Companhia Siderurgica Nacional S.A. (CSN)

ρ +0.64beyond mkt +0.48holdout +0.59stable 100%robust

RIO Rio Tinto plc

ρ +0.74beyond mkt +0.44holdout +0.75stable 100%robust

GGB Gerdau S.A.

ρ +0.62beyond mkt +0.42holdout +0.58stable 100%robust

SLX VanEck Steel ETF

ρ +0.70beyond mkt +0.40holdout +0.70stable 100%robust

EWZ iShares MSCI Brazil ETF

ρ +0.64beyond mkt +0.40holdout +0.68stable 100%robust

CIG Companhia Energetica De Minas Gerais-CEMIG

ρ +0.47beyond mkt +0.28holdout +0.52stable 100%robust

Moves against VALE

UUP Invesco DB US Dollar Index Bullish Fund

ρ -0.36beyond mkt +0.06holdout -0.44stable 100%robust

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

ρ -0.35beyond mkt -0.05holdout -0.42stable 75%robust

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

ρ -0.30beyond mkt +0.02holdout -0.39stable 100%robust

Weekly, not daily

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

AGD abrdn Global Dynamic Dividend Fund

horizon 10dρ +0.38holdout +0.15stable 75%moderate

XLI State Street Industrial Select Sector SPDR ETF

horizon 10dρ +0.38holdout +0.17stable 75%moderate

Changed this quarter

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

DD DuPont de Nemours, Inc. Common Stock

Δ -0.60recent -0.13prior +0.47beyond mkt +0.01

CIGI Colliers International Group Inc. Subordinate Voting Shares

Δ -0.59recent -0.38prior +0.21beyond mkt -0.07

XLI State Street Industrial Select Sector SPDR ETF

Δ -0.58recent -0.22prior +0.37beyond mkt -0.08

SDHC Smith Douglas Homes Corp.

Δ -0.57recent -0.30prior +0.26beyond mkt +0.01

PFG Principal Financial Group Inc Common Stock

Δ -0.57recent -0.31prior +0.25beyond mkt +0.03

ITA iShares U.S. Aerospace & Defense ETF

Δ -0.56recent -0.34prior +0.22beyond mkt -0.08

Hidden links

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

Symbol	beyond mkt	raw ρ	shared
SLX VanEck Steel ETF	+0.40	+0.70	8
RIO Rio Tinto plc	+0.44	+0.74	12
EWZ iShares MSCI Brazil ETF	+0.40	+0.64	15
GGB Gerdau S.A.	+0.42	+0.62	16
SID Companhia Siderurgica Nacional S.A. (CSN)	+0.48	+0.64	18