XLV State Street Health Care Select Sector SPDR ETF

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

Same exposure: VHT, IYH, IXJ, FHLC move almost identically to XLV (|ρ| ≥ 0.93). Same-day relationships for the group are listed here.

XLV vs PPH

Both indexed to 100 at 2026-05-11.

XLV PPH · range 100–134 · 2026-05-11 → 2026-11-06

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

PPH VanEck Pharmaceutical ETF

ρ +0.88beyond mkt +0.69holdout +0.92stable 100%robust

IHE iShares U.S. Pharmaceuticals ETF

ρ +0.87beyond mkt +0.68holdout +0.90stable 100%robust

HRTS Tema ETF Trust Tema Heart & Health ETF

ρ +0.85beyond mkt +0.63holdout +0.91stable 100%robust

LLY Eli Lilly & Co.

ρ +0.74beyond mkt +0.63holdout +0.81stable 100%robust

FXH First Trust Health Care AlphaDEX Fund

ρ +0.83beyond mkt +0.55holdout +0.82stable 100%robust

PJP Invesco Pharmaceuticals ETF

ρ +0.81beyond mkt +0.51holdout +0.85stable 100%robust

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

ρ -0.33beyond mkt -0.06holdout -0.22stable 88%robust

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

VBF INVESCO BOND FUND

horizon 10dρ +0.42holdout +0.59stable 88%robust

MYI BLACKROCK MUNIYIELD QUALITY FUND III, INC.

horizon 10dρ +0.35holdout +0.55stable 50%moderate

BHR Braemar Hotels & Resorts Inc. Common Stock

horizon 5dρ +0.30holdout +0.31stable 75%robust

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

VMI Valmont Industries, Inc.

Δ -0.65recent -0.41prior +0.24beyond mkt +0.00

QVMT Invesco S&P 500 Concentrated QVM ETF

Δ -0.63recent -0.20prior +0.43beyond mkt +0.04

TXN Texas Instruments Incorporated Common Stock

Δ -0.61recent -0.35prior +0.26beyond mkt +0.02

BTA Beacon Tactical Alternatives Risk ETF

Δ -0.60recent -0.45prior +0.15beyond mkt -0.01

NPKI NPK International Inc.

Δ -0.60recent -0.47prior +0.13beyond mkt -0.05

MTRN Materion Corporation

Δ -0.60recent -0.34prior +0.26beyond mkt +0.05

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

Symbol	beyond mkt	raw ρ	shared
FXH First Trust Health Care AlphaDEX Fund	+0.55	+0.83	18
JNJ Johnson & Johnson	+0.36	+0.62	12
LLY Eli Lilly & Co.	+0.63	+0.74	20
PPH VanEck Pharmaceutical ETF	+0.69	+0.88	21
PJP Invesco Pharmaceuticals ETF	+0.51	+0.81	18
IHE iShares U.S. Pharmaceuticals ETF	+0.68	+0.87	21