XLI State Street Industrial Select Sector SPDR ETF

Last close: 162.67
504-day return: +24.66%
Median $/day: $1.4B
Relationships shown: 16

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

Same exposure: PAVE, VIS, IYJ, FIDU, EXI, MADE move almost identically to XLI (|ρ| ≥ 0.93). Same-day relationships for the group are listed here.

XLI vs ITA

Both indexed to 100 at 2026-05-11.

XLI ITA · range 90–112 · 2026-05-11 → 2026-11-06

Moves with XLI

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

ITA iShares U.S. Aerospace & Defense ETF

ρ +0.76beyond mkt +0.59holdout +0.75stable 100%robust

WELD Tema U.S. Manufacturing & Reshoring ETF

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

FXR First Trust Industrials/Producer Durables AlphaDEX Fund

ρ +0.89beyond mkt +0.49holdout +0.87stable 100%robust

NATO Themes ETF Trust Themes Transatlantic Defense ETF

ρ +0.68beyond mkt +0.46holdout +0.73stable 100%robust

GE GE Aerospace

ρ +0.66beyond mkt +0.45holdout +0.70stable 100%robust

MISL First Trust Indxx Aerospace & Defense ETF

ρ +0.72beyond mkt +0.45holdout +0.66stable 100%robust

Moves against XLI

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

ρ -0.57beyond mkt -0.03holdout -0.61stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.47beyond mkt +0.03holdout -0.28stable 88%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.53beyond mkt +0.00holdout -0.45stable 100%robust

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

ρ -0.61beyond mkt +0.00holdout -0.54stable 100%robust

Weekly, not daily

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

JEMB Janus Henderson Emerging Markets Debt Hard Currency ETF

horizon 10dρ +0.47holdout +0.57stable 88%robust

VALE VALE S.A.

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

FLRN State Street SPDR Bloomberg Investment Grade Floating Rate ETF

horizon 10dρ +0.35holdout +0.35stable 75%robust

TMCI Treace Medical Concepts, Inc. Common Stock

horizon 5dρ +0.31holdout +0.25stable 88%robust

MASS 908 Devices Inc. Common Stock

horizon 5dρ +0.31holdout +0.43stable 75%robust

UAVS AgEagle Aerial Systems, Inc.

horizon 5dρ +0.30holdout +0.30stable 88%robust

Changed this quarter

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

BWMN Bowman Consulting Group Ltd. Common Stock

Δ -0.75recent -0.24prior +0.50beyond mkt +0.05

CTVA Corteva, Inc. Common Stock

Δ -0.66recent -0.27prior +0.39beyond mkt -0.01

MOO VanEck Agribusiness ETF

Δ -0.63recent -0.13prior +0.50beyond mkt +0.10

HZO MarineMax, Inc.

Δ -0.62recent -0.08prior +0.54beyond mkt +0.07

PAHC Phibro Animal Health Corporation Class A Common Stock

Δ -0.62recent -0.11prior +0.50beyond mkt +0.10

MG Mistras Group Inc.

Δ -0.62recent -0.11prior +0.50beyond mkt +0.03

Hidden links

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

Symbol	beyond mkt	raw ρ	shared
ITA iShares U.S. Aerospace & Defense ETF	+0.59	+0.76	14
MISL First Trust Indxx Aerospace & Defense ETF	+0.45	+0.72	10
WELD Tema U.S. Manufacturing & Reshoring ETF	+0.50	+0.88	13
CAT Caterpillar Inc.	+0.37	+0.76	8
NATO Themes ETF Trust Themes Transatlantic Defense ETF	+0.46	+0.68	14
FXR First Trust Industrials/Producer Durables AlphaDEX Fund	+0.49	+0.89	15