Stock Trade Twins

Rival stocks move like twins, until one runs ahead.

Boostio finds rival companies across every industry, shows which stock is ahead of its usual relationship with its rival, and runs a shared paper strategy that buys the laggard and shorts the leader, only when the gap has a measured habit of closing.

Paper only: simulated positions, no broker, no real moneyNot investment advicePrices last updated Nov 10, 2026382 rival pairs from 902 companies in 132 industries
CP 132UNP 134Nov 2025Nov 2026
Latest close, Nov 10, 2026UNP ahead of its usual relationship with CP · 0.61 sdCP 132.1 UNP 134.3
CP · Canadian Pacific Kansas City LimitedUNP · Union Pacific CorporationBoth indexed to 100 on Nov 10, 2025. The ribbon is the gap; its color shows who led, its brightness how far.
2 lead switches in this yearWatchlist: rivals, gap not measured as revertingUNP leads now; no paper ideaOpen CP / UNP →
How it works

Three kinds of leadership, one honest gate

1

Rivals

Every week Boostio screens every US-listed stock (6,925 at the last screen) and pairs the largest companies in each industry, confirmed by their SEC industry code. Rivalry is a hypothesis, not proof.

2

Who leads

Business leadership is revenue reported to the SEC. Stock leadership is which share is ahead of the pair's own last year, in standard deviations. They are often different companies.

3

Does the gap close?

A measured twin needs daily returns that move together (correlation 0.60+), a gap that passes a mean-reversion test at 5% and a half-life of 63 sessions or less.

4

A paired paper idea

Only then does a 2 standard deviation gap become an idea: long the laggard, short the leader, both legs together. Exit when the gap closes, stop at 4. No time limit.

Today

Why there is no paper trade today

Evaluated on the Nov 10, 2026 close

No paper trade qualifies on the Nov 10, 2026 close

  • 10 measured twins today, none with a 2 standard deviation gap that is clear of a one-day company-specific move.
  • 41 rival pairs have one stock 2+ standard deviations ahead without a measured relationship. The reel's rule would trade them; Stock Trade Twins does not, because a gap with no habit of closing is not evidence that it will close.
Wide gap, no measured twinAhead nowWhy there is no idea
ECHO / ASTSECHO by 3.86 sdCo-movement: daily return correlation, 252 sessions: 0.44 (needs >= 0.60)
JPM / BACJPM by 3.17 sdMean reversion: ADF t-statistic of the spread: 0.17 (needs <= -2.873 (5% critical value))
BA / EMBJEMBJ by 3.15 sdCo-movement: daily return correlation, 252 sessions: 0.38 (needs >= 0.60)
SNA / SWKSWK by 3.11 sdMean reversion: ADF t-statistic of the spread: 0.30 (needs <= -2.873 (5% critical value))
APH / CLSAPH by 3.09 sdCo-movement: daily return correlation, 252 sessions: 0.56 (needs >= 0.60)
Explore

Every rival pair, and who is ahead

10 measured twins · 363 watchlist · 7 short history · 2 data problems

382 pairs

DUK / EXCWatchlist
Duke Energy Corporation (Holding Company) · Exelon Corporation
Power Generation
EXC aheadDUK ahead
DUK ahead by 2.16 sd (+4.1% vs usual ratio)
corr 0.77 · ADF -2.83 · half-life 7dDUK larger by revenue (2025: $31.7B)9 lead switches in 1y
Mean reversion: ADF t-statistic of the spread: -2.83 (needs <= -2.873 (5% critical value))
SW / PKGWatchlist
Smurfit WestRock plc · Packaging Corporation of America
Containers/Packaging
SW aheadPKG ahead
PKG ahead by 1.49 sd (+7.5% vs usual ratio)
corr 0.77 · ADF -2.75 · half-life 11dSW larger by revenue (2025: $31.2B)4 lead switches in 1y
Mean reversion: ADF t-statistic of the spread: -2.75 (needs <= -2.873 (5% critical value))
UNP / CPWatchlist
Union Pacific Corporation · Canadian Pacific Kansas City Limited
Railroads
UNP aheadCP ahead
UNP ahead by 0.61 sd (+1.8% vs usual ratio)
corr 0.69 · ADF -2.60 · half-life 9d2 lead switches in 1y
Mean reversion: ADF t-statistic of the spread: -2.60 (needs <= -2.873 (5% critical value))
XOM / CVXMeasured twin
ExxonMobil Holdings Corporation · Chevron Corporation
Integrated oil Companies
XOM aheadCVX ahead
CVX ahead by 1.06 sd (+2.1% vs usual ratio)
corr 0.86 · ADF -3.62 · half-life 6d1 lead switch in 1y
no divergence: z = 1.06 (needs |z| >= 2.0)
XEL / EXCMeasured twin
Xcel Energy Inc. · Exelon Corporation
Power Generation
XEL aheadEXC ahead
XEL ahead by 1.02 sd (+2.4% vs usual ratio)
corr 0.65 · ADF -3.29 · half-life 6dEXC larger by revenue (2025: $24.3B)4 lead switches in 1y
no divergence: z = -1.02 (needs |z| >= 2.0)
CVX / COPMeasured twin
Chevron Corporation · ConocoPhillips
Integrated oil Companies
CVX aheadCOP ahead
COP ahead by 0.90 sd (+3.1% vs usual ratio)
corr 0.84 · ADF -3.10 · half-life 10dCVX larger by revenue (2025: $189.0B)3 lead switches in 1y
no divergence: z = 0.90 (needs |z| >= 2.0)
MAR / HLTMeasured twin
Marriott International · Hilton Worldwide Holdings Inc.
Hotels/Resorts
MAR aheadHLT ahead
MAR ahead by 0.89 sd (+2.3% vs usual ratio)
corr 0.83 · ADF -3.07 · half-life 9dMAR larger by revenue (2025: $26.2B)0 lead switches in 1y
no divergence: z = -0.89 (needs |z| >= 2.0)
DUK / XELMeasured twin
Duke Energy Corporation (Holding Company) · Xcel Energy Inc.
Power Generation
XEL aheadDUK ahead
DUK ahead by 0.85 sd (+1.7% vs usual ratio)
corr 0.80 · ADF -3.19 · half-life 9dDUK larger by revenue (2025: $31.7B)3 lead switches in 1y
no divergence: z = 0.85 (needs |z| >= 2.0)
JBHT / KNXMeasured twin
J.B. Hunt Transport Services Inc. · Knight-Swift Transportation Holdings Inc.
SIC 4213 Trucking (No Local)
KNX aheadJBHT ahead
KNX ahead by 0.73 sd (+2.3% vs usual ratio)
corr 0.80 · ADF -3.71 · half-life 6dJBHT larger by revenue (2025: $12.0B)1 lead switch in 1y
no divergence: z = -0.73 (needs |z| >= 2.0)
SCCO / FCXMeasured twin
Southern Copper Corporation · Freeport-McMoRan Inc.
Metal Mining
SCCO aheadFCX ahead
FCX ahead by 0.68 sd (+3.6% vs usual ratio)
corr 0.88 · ADF -3.28 · half-life 11dFCX larger by revenue (2025: $25.9B)1 lead switch in 1y
no divergence: z = 0.68 (needs |z| >= 2.0)
BX / KKRMeasured twin
Blackstone Inc. · KKR & Co. Inc.
Investment Managers
KKR aheadBX ahead
KKR ahead by 0.59 sd (+2.1% vs usual ratio)
corr 0.83 · ADF -3.48 · half-life 8dKKR larger by revenue (2025: $19.5B)4 lead switches in 1y
no divergence: z = -0.59 (needs |z| >= 2.0)
UNH / ELVMeasured twin
UnitedHealth Group Incorporated Common Stock (DE) · Elevance Health Inc.
Medical Specialities
UNH aheadELV ahead
ELV ahead by 0.41 sd (+2.7% vs usual ratio)
corr 0.66 · ADF -2.90 · half-life 17dUNH larger by revenue (2025: $447.6B)2 lead switches in 1y
no divergence: z = 0.41 (needs |z| >= 2.0)
A / WATMeasured twin
Agilent Technologies Inc. · Waters Corporation
Biotechnology: Laboratory Analytical Instruments
WAT aheadA ahead
A ahead by 0.33 sd (+1.5% vs usual ratio)
corr 0.67 · ADF -3.29 · half-life 8dA larger by revenue (2025: $6.9B)4 lead switches in 1y
no divergence: z = 0.33 (needs |z| >= 2.0)
KO / PEPWatchlist
The Coca-Cola Company · PepsiCo Inc.
Beverages (Production/Distribution) · reel example
PEP aheadKO ahead
KO ahead by 1.49 sd (+22.6% vs usual ratio)
corr 0.60 · ADF 0.00 · half-life 3351dPEP larger by revenue (2025: $93.9B)2 lead switches in 1y
Mean reversion: ADF t-statistic of the spread: -0.00 (needs <= -2.873 (5% critical value))
WMT / TGTWatchlist
Walmart Inc. · Target Corporation
Department/Specialty Retail Stores · reel example
WMT aheadTGT ahead
TGT ahead by 0.93 sd (+20.1% vs usual ratio)
corr 0.33 · ADF -0.82 · half-life 126dWMT larger by revenue (2025: $713.2B)1 lead switch in 1y
Co-movement: daily return correlation, 252 sessions: 0.33 (needs >= 0.60)
HD / LOWWatchlist
The Home Depot Inc. · Lowe's Companies Inc.
RETAIL: Building Materials · reel example
LOW aheadHD ahead
HD ahead by 0.37 sd (+2.2% vs usual ratio)
corr 0.90 · ADF -1.55 · half-life 55dHD larger by revenue (2025: $164.7B)1 lead switch in 1y
Mean reversion: ADF t-statistic of the spread: -1.55 (needs <= -2.873 (5% critical value))
ECHO / ASTSWatchlist
EchoStar Corporation · AST SpaceMobile Inc.
SIC 4899 Communications Services, NEC
ECHO aheadASTS ahead
ECHO ahead by 3.86 sd (+119.5% vs usual ratio)
corr 0.44 · ADF -1.60 · half-life 23dECHO larger by revenue (2025: $15.0B)0 lead switches in 1y
Co-movement: daily return correlation, 252 sessions: 0.44 (needs >= 0.60)
JPM / BACWatchlist
JP Morgan Chase & Co. · Bank of America Corporation
Major Banks
JPM aheadBAC ahead
JPM ahead by 3.17 sd (+14.5% vs usual ratio)
corr 0.76 · ADF 0.17 · half-life 111dJPM larger by revenue (2025: $182.4B)5 lead switches in 1y
Mean reversion: ADF t-statistic of the spread: 0.17 (needs <= -2.873 (5% critical value))
BA / EMBJWatchlist
The Boeing Company · Embraer S.A.
SIC 3721 Aircraft
EMBJ aheadBA ahead
EMBJ ahead by 3.15 sd (+51.4% vs usual ratio)
corr 0.38 · ADF -0.55 · half-life 89d2 lead switches in 1y
Co-movement: daily return correlation, 252 sessions: 0.38 (needs >= 0.60)
SNA / SWKWatchlist
Snap-On Incorporated · Stanley Black & Decker Inc.
SIC 3420 Cutlery, Handtools & General Hardware
SWK aheadSNA ahead
SWK ahead by 3.11 sd (+40.0% vs usual ratio)
corr 0.61 · ADF 0.30SWK larger by revenue (2025: $15.1B)3 lead switches in 1y
Mean reversion: ADF t-statistic of the spread: 0.30 (needs <= -2.873 (5% critical value))
APH / CLSWatchlist
Amphenol Corporation · Celestica Inc.
Electrical Products
CLS aheadAPH ahead
APH ahead by 3.09 sd (+56.0% vs usual ratio)
corr 0.56 · ADF -1.31 · half-life 27dAPH larger by revenue (2025: $23.1B)3 lead switches in 1y
Co-movement: daily return correlation, 252 sessions: 0.56 (needs >= 0.60)
PFG / UNMWatchlist
Principal Financial Group Inc · Unum Group
Accident &Health Insurance
UNM aheadPFG ahead
PFG ahead by 3.00 sd (+17.2% vs usual ratio)
corr 0.27 · ADF -2.87 · half-life 9dPFG larger by revenue (2025: $15.6B)2 lead switches in 1y
Co-movement: daily return correlation, 252 sessions: 0.27 (needs >= 0.60)
PWR / FIXWatchlist
Quanta Services Inc. · Comfort Systems USA Inc.
Engineering & Construction
PWR aheadFIX ahead
PWR ahead by 2.97 sd (+30.1% vs usual ratio)
corr 0.86 · ADF -0.37 · half-life 61dPWR larger by revenue (2025: $28.5B)1 lead switch in 1y
Mean reversion: ADF t-statistic of the spread: -0.37 (needs <= -2.873 (5% critical value))
CBRE / JLLWatchlist
CBRE Group Inc Common Stock Class A · Jones Lang LaSalle Incorporated
Real Estate
JLL aheadCBRE ahead
JLL ahead by 2.76 sd (+23.3% vs usual ratio)
corr 0.86 · ADF -0.48 · half-life 110dCBRE larger by revenue (2025: $40.5B)0 lead switches in 1y
Mean reversion: ADF t-statistic of the spread: -0.48 (needs <= -2.873 (5% critical value))
Shared paper book

Paired positions, entered and closed together

$100,000 of paper · at most 10 pairs · $10,000 per leg
PairLegsEnteredGap at entryGap nowNet if closed nowStatus
CP / UNPLong CP · Short UNPOct 29, 20262.03 sd0.72 sd$525.58open
DUK / EXCLong EXC · Short DUKOct 20, 20262.01 sd2.40 sd-$109.64open
PKG / SWLong SW · Short PKGOct 20, 20262.04 sd1.82 sd-$21.23open
Closed pairLegsEnteredExitedWhyNet (after costs)
BAC / JPMLong BAC · Short JPMOct 14, 2026Oct 15, 2026divergence stop-$0.58
Results

Three kinds of evidence, never added together

1 · Source claim, not evidence

What the reel says

  • Buying Pepsi whenever it fell behind Coke and shorting Coke whenever it ran ahead, since 1972: "up over 46,000% on paper".
  • The opposite (buy the one that ran ahead, short the one that fell behind): "down over 99%".
  • "A research paper" found the effect "across thousands of stock pairs across the world".

From an Instagram reel by Brando Le (@eliteoptionstrader2), Oct 12, 2026. Not verified: the reel names no paper and gives no rules, costs or borrow assumptions.

2 · Historical simulation, a diagnostic

+1.27% mean per trade, after costs

  • 259 simulated trades over 375 pairs, to Nov 3, 2026; 53% won.
  • 95% interval 0.06% to 2.48%: it includes zero (interval above zero). No edge is shown.
  • Costs and borrow took $15,867 of $49,054 gross at $10,000 per leg.
  • Chasing the leader instead (the reel's "opposite"): -2.49% per trade.

Same rules as the forward book, each pair replayed on its own, fills at the next open. The pairs are today's large companies (survivorship bias) and the data covers about ten years. It can rule an idea out; it cannot prove one.

3 · Forward paper record

-$0.58 net, 1 closed

  • First filled Oct 14, 2026; 3 open, 0 waiting for the open.
  • Read rule, fixed in advance: nothing is concluded before 30 closed trades and 90 days, and an edge counts only if the whole 95% interval is above zero.

This is the only tier that tests the rules on data they have not seen. Simulated, never real money.

Company research

Rivals that do not trade like stocks (yet)

Some rivals are private or newly listed. Their listing status is checked every week against SEC's ticker list, Nasdaq's symbol lookup and EDGAR. Tickers are never invented, and a fund or ETF that carries a company's name is never used as its price.

Anthropic

Listing unverified

Frontier AI lab (Claude models), sold through an API and subscriptions. Checked Nov 4, 2026.

  • SEC ticker list: ANT (null).
  • Nasdaq lookup: no common stock.
  • EDGAR: 80 names match; the top results are third-party funds and SPVs, not the company.
  • Carries the name but is not its stock: ANT, ANTW (ETFs).

No public stock, so no price, no relationship and no paper idea. Business size is not measurable from public filings.

OpenAI

No listed shares

Frontier AI lab (GPT models, ChatGPT), sold through an API and subscriptions. Checked Nov 4, 2026.

  • SEC ticker list: no ticker for the company.
  • Nasdaq lookup: no common stock.
  • EDGAR: 43 names match; the top results are third-party funds and SPVs, not the company.
  • Carries the name but is not its stock: OAIW (ETFs).

No public stock, so no price, no relationship and no paper idea. Business size is not measurable from public filings.

SpaceX

Listed: SPCX

Space Exploration Technologies: launch vehicles and satellite internet (Starlink). Checked Nov 4, 2026.

  • SEC ticker list: SPCX (Nasdaq).
  • Nasdaq lookup: SPCX.
  • EDGAR: 153 names match; the top results are third-party funds and SPVs, not the company.
  • Carries the name but is not its stock: XAIW, LOFD, LOFF, SNK and 5 more (ETFs).

Trading on Nasdaq since Jun 12, 2026: 105 sessions, so a one-year relationship cannot be measured yet. Market value $1.92T.

No twin assigned for SpaceX: classification places it beside Alphabet and Meta (SEC SIC 7370 / Nasdaq "Computer Software: Programming Data Processing"), which is weak business evidence, and no listed rival is of comparable scale.

Since its listing: SPCX -11.1%; for context only, not twins: RKLB -38.8%, ASTS -59.1%.

Anthropic and OpenAI: research only. Anthropic has an unverified listing status; OpenAI has no listed shares (verified 2026-11-04). No price relationship can be measured, so no paper signal.

Method and data

Rules fixed before the first run

The gate

Spread = the log price of one stock minus the other, compared with the 252 trading days before each day. Measured twin: return correlation 0.60+, a mean-reversion test at 5% (augmented Dickey-Fuller) and a half-life up to 63 sessions. Idea at 2 sd unless a one-day move of 4+ sd (news, earnings, a corporate action) happened in the last 10 sessions.

Costs in every number

Per leg and side: 5 to 20 basis points of slippage by liquidity plus 1 basis point of fees. Short legs pay 0.50% a year to borrow (a general-collateral assumption; hard-to-borrow fees and recalls are not modeled) and owe the dividends. Exact ex-dividend dates are approximated from SEC-reported dividends.

Data, attributed

Daily prices: Nasdaq.com (split-adjusted). Filings, revenue and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar, shown as a risk note. A day counts only after the close is final; bad rows are rejected (15 so far); stale prices block ideas.

The reel does not cite a paper; the rules follow the documented distance approach of the academic pairs literature (Gatev, Goetzmann and Rouwenhorst, 2006) plus a stationarity test, and later studies found simple pairs profits fading after the early 2000s (Do and Faff, 2010). Rules are versioned (STT-v1) and never tuned on the results.

Questions

Stock Trade Twins, answered

What are stock trade twins?

Two rival companies whose stocks usually move together, such as Coca-Cola and PepsiCo or Home Depot and Lowe's. Boostio treats rivalry only as a starting hypothesis: a pair counts as a measured twin when the price gap between the two has actually tended to close.

Does Boostio trade these pairs with real money?

No. The strategy runs a shared paper book: simulated positions with modeled trading costs, short borrow fees and dividends. There is no broker, no order and no real money, and nothing on this page is investment advice.

Is the 46,000% Pepsi result from the reel real?

It is the creator's claim and Boostio has not verified it. The reel names no paper and gives no rules, costs or borrow assumptions, so Boostio shows it as a source claim and never as a result.

Where does the data come from?

Daily stock prices from Nasdaq.com, company filings and industry codes from SEC EDGAR, and earnings dates from the Nasdaq earnings calendar. Missing or stale prices are shown as a data problem and never create a signal.

Does the twin strategy work?

Not proven. The historical simulation's 95% interval is above zero, but a replay on today's companies cannot prove an edge; only the forward paper record can. Boostio does not guarantee any result.

Related research: Stock Besties maps the business ties behind AI stocks, who funds, buys from and supplies whom, with a source for every link. A rival pair and a business link are different questions.

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