XBI State Street SPDR S&P Biotech ETF

Last close: 152.21
504-day return: +54.06%
Median $/day: $1.0B
Relationships shown: 14

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

Same exposure: SBIO, BBC, IBBQ move almost identically to XBI (|ρ| ≥ 0.93). Same-day relationships for the group are listed here.

XBI vs IBB

Both indexed to 100 at 2026-05-11.

XBI IBB · range 94–130 · 2026-05-11 → 2026-11-06

Moves with XBI

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

IBB iShares Biotechnology ETF

ρ +0.92beyond mkt +0.66holdout +0.93stable 100%robust

BBP Virtus Biotech ETF

ρ +0.93beyond mkt +0.63holdout +0.92stable 100%robust

IDNA iShares Genomics Immunology and Healthcare ETF

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

PTH Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Healthcare Momentum ETF

ρ +0.86beyond mkt +0.51holdout +0.91stable 100%robust

PBE Invesco Biotechnology & Genome ETF

ρ +0.83beyond mkt +0.48holdout +0.82stable 100%robust

CANC Tema ETF Trust Tema Oncology ETF

ρ +0.87beyond mkt +0.46holdout +0.91stable 100%robust

Moves against XBI

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.38beyond mkt +0.05holdout -0.36stable 100%robust

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

ρ -0.46beyond mkt -0.04holdout -0.50stable 100%robust

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

ρ -0.48beyond mkt -0.03holdout -0.47stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.34beyond mkt +0.01holdout -0.23stable 88%robust

Weekly, not daily

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

IFF International Flavors & Fragrances Inc.

horizon 10dρ +0.45holdout +0.43stable 75%robust

TRU TransUnion

horizon 10dρ +0.37holdout +0.39stable 75%robust

DHY UBS Asset Management High Yield Credit Fund

horizon 5dρ +0.33holdout +0.42stable 75%robust

NXH Neighborhood Intelligence, Inc. Common Stock

horizon 5dρ +0.32holdout +0.33stable 100%robust

Changed this quarter

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

HZO MarineMax, Inc.

Δ -0.55recent -0.16prior +0.39beyond mkt -0.01

EBMT Eagle Bancorp Montana, Inc. Common Stock

Δ -0.55recent -0.34prior +0.21beyond mkt -0.00

PKE Park Aerospace Corp. Common Stock

Δ -0.51recent -0.12prior +0.39beyond mkt +0.04

TCX Tucows Inc. Class A Common Stock

Δ -0.51recent -0.18prior +0.33beyond mkt -0.04

FRNM Freenome, Inc. Common stock

Δ +0.50recent +0.51prior +0.01beyond mkt -0.02

FTW Presidio Production Company

Δ +0.50recent +0.47prior -0.02beyond mkt -0.02

Hidden links

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

Symbol	beyond mkt	raw ρ	shared
IBB iShares Biotechnology ETF	+0.66	+0.92	10
PBE Invesco Biotechnology & Genome ETF	+0.48	+0.83	9
FBT First Trust NYSE Arca Biotechnology Index Fund	+0.43	+0.82	8
GNOM Global X Funds Global X Genomics & Biotechnology ETF	+0.45	+0.87	9
BBP Virtus Biotech ETF	+0.63	+0.93	15
IDNA iShares Genomics Immunology and Healthcare ETF	+0.53	+0.90	14