WELD Tema U.S. Manufacturing & Reshoring ETF

Last close: 47.24
504-day return: +26.18%
Median $/day: $951k
Relationships shown: 14

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

WELD vs XLI

Both indexed to 100 at 2026-05-11.

WELD XLI · range 79–107 · 2026-05-11 → 2026-11-06

Moves with WELD

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

XLI State Street Industrial Select Sector SPDR ETF

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

PH Parker-Hannifin Corporation

ρ +0.77beyond mkt +0.37holdout +0.71stable 100%robust

AIRR First Trust Exchange-Traded Fund VI First Trust RBA American Industrial Renaissance ETF

ρ +0.89beyond mkt +0.35holdout +0.90stable 100%robust

POWL Powell Industries, Inc. Common Stock

ρ +0.72beyond mkt +0.35holdout +0.86stable 100%robust

AIT Applied Industrial Technologies, Inc.

ρ +0.74beyond mkt +0.34holdout +0.71stable 100%robust

VOLT Tema ETF Trust Tema Electrification ETF

ρ +0.82beyond mkt +0.33holdout +0.91stable 100%robust

Moves against WELD

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

ρ -0.61beyond mkt +0.06holdout -0.54stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.52beyond mkt +0.05holdout -0.43stable 100%robust

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

ρ -0.69beyond mkt +0.05holdout -0.75stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.49beyond mkt +0.02holdout -0.39stable 100%robust

Weekly, not daily

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

CALF Pacer US Small Cap Cash Cows ETF

horizon 10dρ +0.50holdout +0.02stable 75%moderate

VFLO Victory Portfolios II VictoryShares Free Cash Flow ETF

horizon 5dρ +0.43holdout +0.03stable 75%moderate

FLRN State Street SPDR Bloomberg Investment Grade Floating Rate ETF

horizon 10dρ +0.35holdout +0.38stable 88%robust

MASS 908 Devices Inc. Common Stock

horizon 5dρ +0.35holdout +0.50stable 88%robust

Changed this quarter

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

DIVB iShares Core Dividend ETF

Δ -0.85recent -0.26prior +0.59beyond mkt -0.14

ONEY State Street SPDR Russell 1000 Yield Focus ETF

Δ -0.80recent -0.16prior +0.63beyond mkt -0.15

DSTL Distillate U.S. Fundamental Stability & Value ETF

Δ -0.79recent -0.26prior +0.53beyond mkt -0.02

VFLO Victory Portfolios II VictoryShares Free Cash Flow ETF

Δ -0.75recent -0.24prior +0.51beyond mkt -0.12

EQIN Columbia U.S. Equity Income ETF

Δ -0.73recent -0.17prior +0.56beyond mkt -0.07

GCOW Pacer Global Cash Cows Dividend ETF

Δ -0.71recent -0.37prior +0.34beyond mkt +0.03

Hidden links

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

Symbol	beyond mkt	raw ρ	shared
XLI State Street Industrial Select Sector SPDR ETF	+0.50	+0.88	13
AIRR First Trust Exchange-Traded Fund VI First Trust RBA American Industrial Renaissance ETF	+0.35	+0.89	10
PH Parker-Hannifin Corporation	+0.37	+0.77	15