WBIY WBI Power Factor High Dividend ETF

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

WBIY vs PEY

Both indexed to 100 at 2026-05-11.

WBIY PEY · range 98–118 · 2026-05-11 → 2026-11-06

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

PEY Invesco Exchange-Traded Fund Trust Invesco High Yield Equity Dividend Achievers ETF

ρ +0.89beyond mkt +0.53holdout +0.90stable 100%robust

FDL First Trust Morningstar Dividend Leaders Index Fund

ρ +0.81beyond mkt +0.51holdout +0.78stable 100%robust

DVY iShares Select Dividend ETF

ρ +0.83beyond mkt +0.47holdout +0.82stable 100%robust

RDIV Invesco S&P Ultra Dividend Revenue ETF

ρ +0.86beyond mkt +0.47holdout +0.87stable 100%robust

SCHD Schwab US Dividend Equity ETF

ρ +0.82beyond mkt +0.35holdout +0.77stable 100%robust

ONEY State Street SPDR Russell 1000 Yield Focus ETF

ρ +0.85beyond mkt +0.34holdout +0.81stable 100%robust

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

ρ -0.39beyond mkt -0.04holdout -0.14stable 88%moderate

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.35beyond mkt -0.01holdout -0.13stable 88%moderate

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

OIS OIL STATES INTERNATIONAL, INC.

horizon 10dρ +0.48holdout +0.26stable 62%moderate

PDO PIMCO Dynamic Income Opportunities Fund

horizon 5dρ +0.32holdout +0.25stable 75%robust

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

MTRN Materion Corporation

Δ -0.80recent -0.39prior +0.41beyond mkt -0.01

PRLB PROTO LABS, INC.

Δ -0.76recent -0.38prior +0.38beyond mkt -0.16

MSM MSC Industrial Direct Co., Inc. Class A

Δ -0.74recent -0.23prior +0.51beyond mkt -0.05

AVT Avnet, Inc. Common Stock

Δ -0.74recent -0.34prior +0.40beyond mkt +0.00

MTUS Metallus Inc.

Δ -0.71recent -0.21prior +0.50beyond mkt -0.04

ALNT Allient Inc. Common Stock

Δ -0.70recent -0.44prior +0.26beyond mkt -0.03

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

Symbol	beyond mkt	raw ρ	shared
SCHD Schwab US Dividend Equity ETF	+0.35	+0.82	9
DVY iShares Select Dividend ETF	+0.47	+0.83	16
FDL First Trust Morningstar Dividend Leaders Index Fund	+0.51	+0.81	17
PEY Invesco Exchange-Traded Fund Trust Invesco High Yield Equity Dividend Achievers ETF	+0.53	+0.89	20
RDIV Invesco S&P Ultra Dividend Revenue ETF	+0.47	+0.86	19