ZBH Zimmer Biomet Holdings, Inc.

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

ZBH vs XHE

Both indexed to 100 at 2026-05-11.

ZBH XHE · range 100–139 · 2026-05-11 → 2026-11-06

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

XHE State Street SPDR S&P Health Care Equipment ETF

ρ +0.58beyond mkt +0.41holdout +0.63stable 100%robust

IHI iShares U.S. Medical Devices ETF

ρ +0.60beyond mkt +0.40holdout +0.70stable 100%robust

SYK Stryker Corporation

ρ +0.58beyond mkt +0.39holdout +0.68stable 100%robust

GMED GLOBUS MEDICAL INC

ρ +0.55beyond mkt +0.36holdout +0.64stable 100%robust

KIDS OrthoPediatrics Corp. Common Stock

ρ +0.47beyond mkt +0.33holdout +0.57stable 100%robust

ENOV Enovis Corporation

ρ +0.52beyond mkt +0.32holdout +0.57stable 100%robust

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

KE Kimball Electronics, Inc. Common Stock

Δ -0.51recent -0.34prior +0.18beyond mkt +0.01

SRAD Sportradar Group AG Class A Ordinary Shares

Δ +0.50recent +0.52prior +0.02beyond mkt +0.01

SVCO Silvaco Group, Inc. Common Stock

Δ -0.50recent -0.47prior +0.03beyond mkt -0.06

PCG PG&E Corporation

Δ -0.48recent -0.15prior +0.33beyond mkt +0.08

ACMR ACM Research, Inc. Class A Common Stock

Δ -0.48recent -0.44prior +0.04beyond mkt +0.01

AEHL Antelope Enterprise Holdings Limited Class A Ordinary Shares

Δ -0.48recent -0.36prior +0.12beyond mkt +0.01

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

Symbol	beyond mkt	raw ρ	shared
IHI iShares U.S. Medical Devices ETF	+0.40	+0.60	17
XHE State Street SPDR S&P Health Care Equipment ETF	+0.41	+0.58	18
GMED GLOBUS MEDICAL INC	+0.36	+0.55	18
SYK Stryker Corporation	+0.39	+0.58	20