MARKET OVERVIEW
Monday, November 9, 2026Real-time correlation matrix, uncorrelated asset pairs, and macro sentiment analysis. Updated weekly on Sundays.
MARKET CLOSEDView AI Trading Activity →
How I'm Feeling
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Defensive Cash
NEUTRAL
Confidence
78%
"SPY is trading below VWAP at $752.72 vs $753.80 with RSI(14) at 7.7, indicating bearish momentum and no VWAP confirmation for a fade. The headlines are macro/geopolitical and do not provide a SPY-specific catalyst strong enough to justify liquidation or additional exposure. Maintaining the existing 15% position preserves optionality while respecting recent HOLD decisions and the lesson to avoid buying into bearish tape without VWAP confirmation."
Primary Concern:RSI: 7.7 | Trend: BEARISH
Last analyzed: Nov 9, 9:19 PM ET• Strata / Cheap-LLM-Cascade
Correlation Matrix
Method:
XLK
SMH
XLE
XLF
XLV
XLY
XLI
XLB
XLU
XLRE
XLC
XOP
XME
XBI
KRE
XRT
XHB
QQQ
VIG
IWM
SPY
EFA
EWJ
EWG
EWL
EWP
SCZ
BWX
EWA
EEM
MCHI
EWZ
EIDO
EPI
INDA
EWY
GLD
SLV
PDBC
USO
CPER
UNG
DBA
TLT
IEF
LQD
EMB
HYG
AGG
BNDX
IAGG
EMLC
VNQ
ICF
UUP
BTCUSD
ETHUSD
VIXY
VIXM
XLK
1.00
0.95
-0.01
0.10
-0.09
0.31
0.57
0.07
-0.09
0.02
0.11
0.04
0.62
0.44
0.07
-0.07
0.07
0.96
0.39
0.67
0.85
0.50
0.77
0.28
-0.01
0.17
0.58
0.05
0.37
0.82
0.05
0.04
0.18
0.04
0.07
0.83
0.25
0.42
-0.07
-0.19
0.54
0.05
0.15
-0.16
-0.16
0.01
0.23
0.41
-0.09
0.06
-0.03
0.23
0.03
0.06
0.07
-0.05
-0.09
-0.77
-0.63
SMH
1.00
0.02
-0.01
-0.17
0.20
0.60
0.05
-0.09
-0.06
-0.00
0.06
0.66
0.41
0.03
-0.17
0.01
0.90
0.28
0.63
0.74
0.43
0.71
0.19
-0.09
0.13
0.52
-0.00
0.29
0.85
-0.02
0.03
0.10
0.01
0.04
0.89
0.24
0.42
-0.05
-0.18
0.59
0.03
0.11
-0.21
-0.22
-0.07
0.13
0.29
-0.15
0.02
-0.06
0.18
-0.04
-0.03
0.09
-0.04
-0.09
-0.69
-0.54
XLE
1.00
-0.17
-0.19
-0.37
0.00
-0.09
0.01
-0.16
-0.39
0.95
-0.02
-0.20
-0.08
-0.37
-0.36
-0.11
-0.11
-0.17
-0.13
-0.28
-0.14
-0.36
-0.38
-0.32
-0.27
-0.18
-0.14
-0.13
-0.39
0.02
-0.17
-0.47
-0.43
-0.04
-0.30
-0.26
0.67
0.66
-0.01
-0.06
0.08
-0.20
-0.19
-0.26
-0.30
-0.29
-0.23
-0.40
-0.43
-0.26
-0.20
-0.17
-0.00
0.02
-0.05
0.02
0.04
XLF
1.00
0.52
0.71
0.45
0.59
0.33
0.71
0.41
-0.23
0.11
0.18
0.72
0.67
0.64
0.22
0.84
0.52
0.52
0.63
0.42
0.63
0.64
0.56
0.52
0.37
0.51
0.17
0.27
0.06
0.14
0.52
0.48
0.04
0.34
0.26
-0.44
-0.39
0.16
-0.09
-0.00
0.36
0.33
0.36
0.53
0.37
0.34
0.29
0.38
0.33
0.70
0.67
-0.30
0.09
0.16
-0.47
-0.46
XLV
1.00
0.52
0.06
0.49
0.15
0.50
0.23
-0.26
0.06
0.60
0.22
0.65
0.49
0.06
0.65
0.39
0.30
0.43
0.14
0.44
0.80
0.33
0.32
0.34
0.48
0.05
0.28
0.08
0.20
0.44
0.39
-0.08
0.18
0.06
-0.36
-0.29
0.02
0.06
-0.05
0.47
0.39
0.42
0.48
0.32
0.39
0.37
0.42
0.34
0.53
0.48
-0.23
-0.18
-0.15
-0.35
-0.38
XLY
1.00
0.47
0.67
0.21
0.60
0.52
-0.37
0.38
0.47
0.42
0.73
0.71
0.49
0.80
0.66
0.70
0.74
0.56
0.67
0.72
0.58
0.68
0.48
0.69
0.39
0.43
0.04
0.17
0.60
0.56
0.27
0.45
0.41
-0.57
-0.60
0.36
0.02
0.06
0.38
0.30
0.38
0.59
0.52
0.34
0.44
0.45
0.52
0.62
0.57
-0.35
0.00
0.05
-0.62
-0.52
XLI
1.00
0.43
0.30
0.35
0.03
-0.01
0.52
0.24
0.45
0.25
0.41
0.58
0.61
0.66
0.64
0.56
0.65
0.45
0.22
0.31
0.59
0.12
0.30
0.55
0.02
-0.11
-0.03
0.24
0.26
0.55
0.27
0.30
-0.27
-0.30
0.36
-0.13
0.07
0.04
-0.02
0.07
0.27
0.24
0.03
0.11
0.05
0.13
0.34
0.33
-0.10
0.05
0.09
-0.59
-0.47
XLB
1.00
0.28
0.54
0.19
-0.11
0.51
0.32
0.48
0.67
0.76
0.18
0.67
0.56
0.41
0.68
0.43
0.63
0.70
0.57
0.59
0.47
0.64
0.28
0.35
0.17
0.07
0.48
0.46
0.17
0.40
0.37
-0.36
-0.38
0.37
0.00
0.02
0.42
0.38
0.37
0.52
0.37
0.39
0.34
0.36
0.47
0.53
0.49
-0.41
0.05
0.11
-0.44
-0.42
XLU
1.00
0.56
-0.09
-0.03
0.07
-0.01
0.29
0.32
0.38
-0.08
0.36
0.20
0.09
0.29
0.18
0.30
0.27
0.25
0.27
0.41
0.22
0.00
-0.03
0.06
-0.00
0.24
0.25
-0.05
0.07
0.04
-0.18
-0.18
0.07
-0.09
0.06
0.48
0.51
0.45
0.48
0.26
0.49
0.35
0.36
0.25
0.55
0.56
-0.31
0.13
0.23
-0.04
-0.05
XLRE
1.00
0.29
-0.20
0.09
0.23
0.50
0.64
0.67
0.12
0.69
0.48
0.38
0.66
0.37
0.66
0.63
0.62
0.57
0.54
0.55
0.17
0.34
0.00
0.11
0.50
0.50
0.04
0.31
0.29
-0.37
-0.34
0.19
-0.07
0.05
0.53
0.50
0.50
0.61
0.45
0.51
0.50
0.53
0.45
0.98
0.98
-0.47
-0.04
0.04
-0.36
-0.35
XLC
1.00
-0.33
0.07
0.18
0.21
0.41
0.31
0.29
0.31
0.30
0.42
0.37
0.23
0.37
0.36
0.46
0.29
0.24
0.32
0.17
0.35
0.26
0.20
0.41
0.40
0.02
0.22
0.21
-0.35
-0.37
0.04
0.21
0.19
0.19
0.13
0.26
0.36
0.32
0.17
0.27
0.32
0.35
0.34
0.28
-0.10
-0.13
-0.13
-0.26
-0.25
XOP
1.00
0.02
-0.21
-0.10
-0.41
-0.37
-0.08
-0.16
-0.16
-0.11
-0.28
-0.11
-0.37
-0.39
-0.34
-0.25
-0.15
-0.16
-0.09
-0.38
-0.01
-0.16
-0.47
-0.43
-0.01
-0.26
-0.19
0.74
0.70
-0.02
-0.00
0.13
-0.21
-0.20
-0.26
-0.33
-0.28
-0.24
-0.39
-0.45
-0.24
-0.23
-0.22
-0.03
0.02
-0.06
0.06
0.08
XME
1.00
0.55
0.08
0.07
0.27
0.64
0.33
0.69
0.59
0.54
0.59
0.36
0.21
0.33
0.60
0.32
0.56
0.73
0.21
0.27
0.13
0.22
0.25
0.67
0.53
0.62
-0.05
-0.20
0.70
0.03
0.14
0.09
0.08
0.19
0.37
0.44
0.15
0.22
0.13
0.50
0.11
0.09
-0.21
-0.08
-0.10
-0.52
-0.39
XBI
1.00
0.03
0.35
0.29
0.53
0.46
0.72
0.56
0.49
0.43
0.33
0.48
0.22
0.48
0.32
0.60
0.53
0.31
0.16
0.30
0.29
0.29
0.47
0.29
0.33
-0.27
-0.29
0.34
0.13
-0.02
0.26
0.20
0.32
0.41
0.48
0.25
0.35
0.34
0.43
0.29
0.24
-0.17
-0.17
-0.17
-0.57
-0.42
KRE
1.00
0.52
0.61
0.12
0.57
0.53
0.31
0.45
0.37
0.41
0.39
0.41
0.38
0.25
0.30
0.10
0.06
-0.01
0.12
0.32
0.30
0.05
0.16
0.15
-0.23
-0.15
0.05
-0.01
-0.05
0.25
0.25
0.22
0.28
0.18
0.26
0.18
0.24
0.12
0.52
0.45
-0.20
0.05
0.14
-0.30
-0.23
XRT
1.00
0.85
0.08
0.71
0.50
0.35
0.57
0.31
0.58
0.79
0.49
0.45
0.47
0.48
0.05
0.40
0.04
0.10
0.54
0.49
-0.07
0.24
0.14
-0.53
-0.45
0.00
0.03
-0.05
0.55
0.49
0.47
0.55
0.36
0.49
0.46
0.50
0.36
0.67
0.61
-0.30
0.03
0.12
-0.36
-0.37
XHB
1.00
0.18
0.69
0.60
0.40
0.67
0.43
0.67
0.76
0.58
0.58
0.58
0.55
0.21
0.39
0.04
0.12
0.55
0.53
0.11
0.37
0.34
-0.51
-0.49
0.24
-0.04
-0.05
0.56
0.55
0.52
0.63
0.43
0.56
0.55
0.54
0.45
0.70
0.62
-0.43
0.09
0.17
-0.37
-0.35
QQQ
1.00
0.50
0.74
0.92
0.61
0.81
0.37
0.14
0.29
0.66
0.12
0.48
0.86
0.16
0.10
0.22
0.17
0.17
0.82
0.31
0.47
-0.22
-0.34
0.59
0.08
0.17
-0.08
-0.11
0.08
0.33
0.47
-0.03
0.15
0.08
0.33
0.14
0.15
0.03
-0.06
-0.09
-0.83
-0.68
VIG
1.00
0.73
0.76
0.79
0.65
0.70
0.72
0.54
0.69
0.43
0.65
0.42
0.24
0.05
0.16
0.52
0.49
0.30
0.31
0.27
-0.42
-0.42
0.30
-0.02
0.07
0.41
0.36
0.43
0.63
0.51
0.38
0.37
0.39
0.43
0.69
0.68
-0.29
-0.02
0.03
-0.72
-0.68
IWM
1.00
0.82
0.76
0.76
0.58
0.50
0.46
0.74
0.40
0.67
0.71
0.27
0.15
0.30
0.40
0.42
0.63
0.38
0.47
-0.34
-0.37
0.47
0.07
0.06
0.26
0.23
0.35
0.54
0.57
0.29
0.37
0.34
0.45
0.52
0.48
-0.23
-0.08
-0.06
-0.77
-0.60
SPY
1.00
0.78
0.85
0.58
0.41
0.47
0.78
0.29
0.65
0.78
0.25
0.11
0.23
0.35
0.34
0.69
0.37
0.47
-0.33
-0.41
0.53
0.07
0.16
0.11
0.07
0.24
0.49
0.55
0.13
0.26
0.23
0.43
0.40
0.39
-0.13
-0.06
-0.06
-0.89
-0.77
EFA
1.00
0.81
0.88
0.70
0.81
0.93
0.62
0.85
0.65
0.42
0.13
0.19
0.57
0.56
0.51
0.49
0.52
-0.49
-0.53
0.51
0.03
0.10
0.36
0.35
0.42
0.67
0.62
0.39
0.53
0.55
0.65
0.68
0.66
-0.45
-0.02
0.04
-0.68
-0.66
EWJ
1.00
0.54
0.31
0.48
0.87
0.32
0.58
0.79
0.15
0.18
0.15
0.32
0.31
0.74
0.32
0.43
-0.31
-0.41
0.53
-0.01
0.15
0.06
0.06
0.17
0.40
0.43
0.11
0.26
0.22
0.42
0.38
0.38
-0.16
-0.02
-0.00
-0.77
-0.67
EWG
1.00
0.73
0.80
0.79
0.61
0.73
0.38
0.45
-0.01
0.11
0.53
0.51
0.25
0.49
0.47
-0.50
-0.50
0.33
0.00
0.10
0.40
0.40
0.47
0.65
0.60
0.44
0.51
0.53
0.56
0.68
0.65
-0.53
-0.01
0.12
-0.50
-0.57
EWL
1.00
0.61
0.59
0.61
0.68
0.17
0.44
0.08
0.13
0.63
0.59
0.02
0.39
0.29
-0.51
-0.46
0.15
0.06
-0.04
0.61
0.55
0.55
0.66
0.45
0.55
0.60
0.61
0.54
0.66
0.59
-0.46
-0.05
0.02
-0.34
-0.38
EWP
1.00
0.71
0.60
0.71
0.36
0.45
0.20
0.16
0.49
0.48
0.18
0.53
0.50
-0.44
-0.47
0.37
0.13
0.11
0.34
0.32
0.38
0.60
0.52
0.37
0.47
0.56
0.66
0.63
0.61
-0.44
-0.01
0.06
-0.38
-0.44
SCZ
1.00
0.55
0.76
0.69
0.35
0.12
0.10
0.49
0.47
0.58
0.50
0.54
-0.44
-0.53
0.58
0.05
0.09
0.29
0.26
0.35
0.59
0.55
0.32
0.48
0.49
0.61
0.59
0.57
-0.41
0.01
0.06
-0.68
-0.66
BWX
1.00
0.70
0.21
0.27
0.14
0.18
0.44
0.45
0.12
0.51
0.46
-0.27
-0.32
0.36
-0.07
-0.03
0.70
0.76
0.74
0.75
0.63
0.78
0.79
0.73
0.78
0.58
0.53
-0.78
0.02
0.05
-0.17
-0.18
EWA
1.00
0.53
0.49
0.21
0.25
0.50
0.51
0.38
0.50
0.52
-0.39
-0.42
0.57
0.05
-0.02
0.44
0.45
0.49
0.67
0.67
0.49
0.62
0.60
0.74
0.58
0.56
-0.47
-0.05
-0.01
-0.55
-0.50
EEM
1.00
0.29
0.25
0.23
0.27
0.29
0.93
0.39
0.57
-0.25
-0.37
0.70
-0.01
0.19
-0.04
-0.06
0.07
0.33
0.38
0.00
0.22
0.17
0.42
0.21
0.20
-0.06
0.02
0.00
-0.71
-0.56
MCHI
1.00
0.17
0.18
0.53
0.53
0.06
0.43
0.46
-0.40
-0.41
0.27
0.17
0.06
0.17
0.19
0.20
0.33
0.30
0.19
0.31
0.38
0.39
0.36
0.35
-0.16
0.05
0.16
-0.15
-0.18
EWZ
1.00
0.15
-0.00
0.01
0.09
0.10
0.16
0.06
-0.02
0.16
0.08
0.31
-0.07
-0.04
-0.00
0.15
0.03
-0.03
0.01
0.03
0.43
0.01
0.03
-0.07
-0.01
-0.04
-0.09
-0.11
EIDO
1.00
0.22
0.23
0.12
0.13
0.20
-0.14
-0.15
0.14
0.18
0.10
0.11
0.05
0.12
0.21
0.16
0.09
0.16
0.18
0.19
0.10
0.08
-0.06
0.04
0.06
-0.21
-0.09
EPI
1.00
0.98
0.09
0.37
0.34
-0.55
-0.54
0.22
0.15
-0.02
0.44
0.42
0.42
0.54
0.35
0.42
0.49
0.57
0.48
0.52
0.49
-0.28
0.06
0.08
-0.26
-0.25
INDA
1.00
0.12
0.35
0.33
-0.53
-0.51
0.22
0.13
-0.06
0.46
0.44
0.45
0.57
0.40
0.45
0.52
0.58
0.49
0.52
0.49
-0.27
0.04
0.05
-0.24
-0.23
EWY
1.00
0.31
0.47
-0.15
-0.27
0.62
-0.09
0.09
-0.11
-0.10
0.01
0.20
0.32
-0.04
0.13
0.05
0.26
0.07
0.06
-0.02
-0.01
-0.03
-0.65
-0.50
GLD
1.00
0.90
-0.19
-0.33
0.57
0.03
-0.03
0.23
0.26
0.36
0.46
0.45
0.34
0.39
0.32
0.61
0.30
0.26
-0.47
0.05
0.06
-0.30
-0.29
SLV
1.00
-0.17
-0.32
0.70
0.04
0.05
0.14
0.17
0.30
0.41
0.47
0.25
0.33
0.26
0.58
0.29
0.25
-0.42
0.19
0.17
-0.39
-0.33
PDBC
1.00
0.94
-0.18
0.04
0.29
-0.35
-0.34
-0.38
-0.45
-0.35
-0.36
-0.52
-0.61
-0.27
-0.39
-0.37
0.01
-0.09
-0.16
0.27
0.24
USO
1.00
-0.35
-0.01
0.15
-0.32
-0.31
-0.39
-0.49
-0.40
-0.35
-0.53
-0.59
-0.38
-0.37
-0.34
0.05
-0.10
-0.16
0.34
0.30
CPER
1.00
0.03
-0.03
0.10
0.11
0.22
0.39
0.42
0.18
0.35
0.30
0.51
0.20
0.21
-0.21
0.10
0.06
-0.47
-0.38
UNG
1.00
0.05
-0.10
-0.14
-0.05
-0.01
0.05
-0.10
-0.02
0.09
0.07
-0.07
-0.08
0.05
0.02
-0.06
-0.12
-0.17
DBA
1.00
-0.12
-0.15
-0.14
0.02
-0.01
-0.16
-0.23
-0.29
0.07
0.09
0.10
-0.02
0.11
0.18
-0.16
-0.20
TLT
1.00
0.92
0.91
0.78
0.55
0.93
0.78
0.74
0.45
0.59
0.52
-0.39
0.08
0.12
-0.01
-0.01
IEF
1.00
0.93
0.78
0.61
0.98
0.82
0.76
0.52
0.56
0.50
-0.43
0.08
0.13
0.06
0.03
LQD
1.00
0.87
0.78
0.96
0.83
0.76
0.58
0.55
0.49
-0.39
0.06
0.08
-0.10
-0.12
EMB
1.00
0.84
0.83
0.80
0.79
0.75
0.65
0.61
-0.43
0.04
0.08
-0.37
-0.39
HYG
1.00
0.69
0.69
0.61
0.66
0.47
0.47
-0.31
-0.03
-0.02
-0.42
-0.40
AGG
1.00
0.85
0.78
0.58
0.56
0.50
-0.44
0.07
0.11
-0.01
-0.04
BNDX
1.00
0.90
0.65
0.55
0.50
-0.40
-0.01
-0.01
-0.10
-0.09
IAGG
1.00
0.62
0.58
0.53
-0.39
0.01
0.02
-0.09
-0.11
EMLC
1.00
0.48
0.45
-0.64
-0.02
-0.02
-0.32
-0.35
VNQ
1.00
0.97
-0.47
-0.03
0.07
-0.36
-0.35
ICF
1.00
-0.42
-0.08
0.01
-0.34
-0.34
UUP
1.00
-0.09
-0.10
0.11
0.16
BTCUSD
1.00
0.93
0.00
-0.04
ETHUSD
1.00
0.01
-0.04
VIXY
1.00
0.90
VIXM
1.00
-1.0 (Inverse)
0.0 (Uncorrelated)
+1.0 (Perfect)
Uncorrelated Pairs with Positive Momentum
0.30
0%
Method:
Sort by:
| Pair | Pearson | Spearman | 90d Return A | 90d Return B | Avg Return | Action |
|---|---|---|---|---|---|---|
XLY/BTCUSDBEST Consumer Discretionary Select Sector SPDR Fund•Bitcoin to USD | 0.0015 | -0.1015 | 0.43% | 21.01% | 10.72% | |
BTCUSD/VIXY Bitcoin to USD•ProShares VIX Short-Term Futures ETF (Contango Roll Decay Risk) | 0.0045 | 0.0496 | 21.01% | 0.83% | 10.92% | |
XLE/UUP Energy Select Sector SPDR Fund•Invesco DB US Dollar Index Bullish Fund | -0.0050 | -0.0343 | 4.29% | 2.98% | 3.63% | |
ETHUSD/VIXY Ethereum to USD•ProShares VIX Short-Term Futures ETF (Contango Roll Decay Risk) | 0.0074 | 0.0305 | 19.82% | 0.83% | 10.32% | |
PDBC/UUP Invesco Optimum Yield Diversified Commodity Strategy•Invesco DB US Dollar Index Bullish Fund | 0.0117 | -0.0542 | 5.65% | 2.98% | 4.31% | |
EWL/ETHUSD iShares MSCI Switzerland ETF•Ethereum to USD | 0.0182 | -0.0772 | 2.64% | 19.82% | 11.23% | |
VIG/BTCUSD Vanguard Dividend Appreciation Index Fund•Bitcoin to USD | -0.0186 | -0.0027 | 0.64% | 21.01% | 10.82% | |
XLE/VIXY Energy Select Sector SPDR Fund•ProShares VIX Short-Term Futures ETF (Contango Roll Decay Risk) | 0.0211 | 0.1990 | 4.29% | 0.83% | 2.56% | |
XOP/BTCUSD SPDR S&P Oil & Gas Exploration & Production ETF•Bitcoin to USD | 0.0229 | 0.1038 | 1.36% | 21.01% | 11.19% | |
XLE/BTCUSD Energy Select Sector SPDR Fund•Bitcoin to USD | 0.0242 | 0.1120 | 4.29% | 21.01% | 12.65% | |
VIG/ETHUSD Vanguard Dividend Appreciation Index Fund•Ethereum to USD | 0.0328 | -0.0038 | 0.64% | 19.82% | 10.23% | |
XOP/UUP SPDR S&P Oil & Gas Exploration & Production ETF•Invesco DB US Dollar Index Bullish Fund | -0.0339 | -0.0896 | 1.36% | 2.98% | 2.17% | |
XRT/BTCUSD SPDR S&P Retail ETF•Bitcoin to USD | 0.0343 | -0.0227 | 2.13% | 21.01% | 11.57% | |
XLY/ETHUSD Consumer Discretionary Select Sector SPDR Fund•Ethereum to USD | 0.0470 | -0.0891 | 0.43% | 19.82% | 10.12% | |
USO/UUP United States Oil Fund•Invesco DB US Dollar Index Bullish Fund | 0.0485 | -0.0220 | 18.88% | 2.98% | 10.93% | |
XLE/ETHUSD Energy Select Sector SPDR Fund•Ethereum to USD | -0.0533 | 0.0623 | 4.29% | 19.82% | 12.05% | |
XLB/BTCUSD Materials Select Sector SPDR Fund•Bitcoin to USD | 0.0535 | 0.0539 | 0.58% | 21.01% | 10.80% | |
EWL/BTCUSD iShares MSCI Switzerland ETF•Bitcoin to USD | -0.0535 | -0.0759 | 2.64% | 21.01% | 11.82% | |
XOP/ETHUSD SPDR S&P Oil & Gas Exploration & Production ETF•Ethereum to USD | -0.0577 | 0.0460 | 1.36% | 19.82% | 10.59% | |
XOP/VIXY SPDR S&P Oil & Gas Exploration & Production ETF•ProShares VIX Short-Term Futures ETF (Contango Roll Decay Risk) | 0.0598 | 0.1872 | 1.36% | 0.83% | 1.10% | |
UUP/BTCUSD Invesco DB US Dollar Index Bullish Fund•Bitcoin to USD | -0.0852 | -0.0891 | 2.98% | 21.01% | 12.00% | |
XLE/XLB Energy Select Sector SPDR Fund•Materials Select Sector SPDR Fund | -0.0868 | 0.0090 | 4.29% | 0.58% | 2.44% | |
PDBC/BTCUSD Invesco Optimum Yield Diversified Commodity Strategy•Bitcoin to USD | -0.0903 | -0.0457 | 5.65% | 21.01% | 13.33% | |
USO/BTCUSD United States Oil Fund•Bitcoin to USD | -0.0993 | 0.0015 | 18.88% | 21.01% | 19.95% | |
UUP/ETHUSD Invesco DB US Dollar Index Bullish Fund•Ethereum to USD | -0.1018 | -0.0335 | 2.98% | 19.82% | 11.40% | |
UUP/VIXY Invesco DB US Dollar Index Bullish Fund•ProShares VIX Short-Term Futures ETF (Contango Roll Decay Risk) | 0.1053 | 0.2748 | 2.98% | 0.83% | 1.90% | |
XLE/VIG Energy Select Sector SPDR Fund•Vanguard Dividend Appreciation Index Fund | -0.1068 | -0.1877 | 4.29% | 0.64% | 2.46% | |
XLB/ETHUSD Materials Select Sector SPDR Fund•Ethereum to USD | 0.1135 | 0.0321 | 0.58% | 19.82% | 10.20% | |
XLB/XOP Materials Select Sector SPDR Fund•SPDR S&P Oil & Gas Exploration & Production ETF | -0.1139 | -0.0212 | 0.58% | 1.36% | 0.97% | |
XRT/ETHUSD SPDR S&P Retail ETF•Ethereum to USD | 0.1153 | -0.0236 | 2.13% | 19.82% | 10.97% | |
XLV/ETHUSD Health Care Select Sector SPDR Fund•Ethereum to USD | -0.1510 | -0.1826 | 10.57% | 19.82% | 15.19% | |
USO/ETHUSD United States Oil Fund•Ethereum to USD | -0.1556 | -0.0142 | 18.88% | 19.82% | 19.35% | |
XOP/VIG SPDR S&P Oil & Gas Exploration & Production ETF•Vanguard Dividend Appreciation Index Fund | -0.1574 | -0.2476 | 1.36% | 0.64% | 1.00% | |
PDBC/ETHUSD Invesco Optimum Yield Diversified Commodity Strategy•Ethereum to USD | -0.1576 | -0.0732 | 5.65% | 19.82% | 12.73% | |
XLV/BTCUSD Health Care Select Sector SPDR Fund•Bitcoin to USD | -0.1842 | -0.1860 | 10.57% | 21.01% | 15.79% | |
XLE/XLV Energy Select Sector SPDR Fund•Health Care Select Sector SPDR Fund | -0.1880 | -0.2020 | 4.29% | 10.57% | 7.43% | |
XLV/UUP Health Care Select Sector SPDR Fund•Invesco DB US Dollar Index Bullish Fund | -0.2311 | -0.0944 | 10.57% | 2.98% | 6.78% | |
XLV/XOP Health Care Select Sector SPDR Fund•SPDR S&P Oil & Gas Exploration & Production ETF | -0.2632 | -0.2824 | 10.57% | 1.36% | 5.97% | |
PDBC/VIXY Invesco Optimum Yield Diversified Commodity Strategy•ProShares VIX Short-Term Futures ETF (Contango Roll Decay Risk) | 0.2674 | 0.3132 | 5.65% | 0.83% | 3.24% | |
VIG/UUP Vanguard Dividend Appreciation Index Fund•Invesco DB US Dollar Index Bullish Fund | -0.2851 | -0.3143 | 0.64% | 2.98% | 1.81% | |
XLV/USO Health Care Select Sector SPDR Fund•United States Oil Fund | -0.2883 | -0.3356 | 10.57% | 18.88% | 14.73% | |
XRT/UUP SPDR S&P Retail ETF•Invesco DB US Dollar Index Bullish Fund | -0.2991 | -0.1879 | 2.13% | 2.98% | 2.55% |
💡 Strategy Note
The most uncorrelated pair with positive returns is highlighted in blue. This combination of assets would have provided diversification benefits during the 90-day window while still generating positive returns. The XLK/XLE strategy (Technology + Energy) is a classic example of this approach.
Sector Performance (90-Day Trailing Returns)
US Sectors
XLK↓
SMH↓
XLE↑
XLF↓
XLV↑
XLY↑
XLI↓
XLB↑
XLU↓
XLRE↓
XLC↓
US Broad
QQQ↓
VIG↑
IWM↓
SPY↓
Intl Dev
EFA↓
EWJ↓
EWG↓
EWL↑
EWP↓
IFAD↑
BWX↓
Emerging Markets
EEM↓
MCHI↓
EWZ↓
EIDO↓
EPI↓
EWY↓
Commodities
GLD↓
SLV↓
CPER↓
PDBC↑
USO↑
Bonds
TLT↓
IEF↓
LQD↓
EMB↓
BNDX↓
IAGG↓
Real Assets
VNQ↓
ICF↓
Crypto
BTCUSD↑
ETHUSD↑
Volatility
VIXY↑
VIXM↑
Dollar
UUP↑