# M7 · 60-Day Rolling Correlation — Magnificent 7 Correlation: Independent Alpha or a Unified Macro Trade?

Source: https://historyofmarket.com/mag7/mag7-correlation/
Language: en
Data through 2026-11-12
License: data CC BY 4.0, text © History of Market — cite "History of Market (historyofmarket.com)" and link the source page. Terms: https://historyofmarket.com/license/
Section: History of Market › Magnificent 7 › Magnificent 7 Correlation: Independent Alpha or a Unified Macro Trade?

Mag 7 average correlation: 0.24 as of 2026-11-12.

**Magnificent 7 Return Correlation** — Pairwise 60-day rolling return correlation matrix across the Seven: measuring herd behavior versus fundamental dispersion.

Figure: Plate VII.4 · Top: pairwise correlation matrix across the trailing 60 trading days. Bottom: rolling 5-year average pairwise correlation. Higher correlation signals that the cohort trades as a monolithic macro proxy rather than independent equities. · Data through 2026-11-12

## What this page answers

This static page is built to answer searches for M7 · 60-Day Rolling Correlation. It summarizes the live dataset behind the Magnificent 7 Correlation: Independent Alpha or a Unified Macro Trade? panel and links to the full interactive chart.

The data is refreshed by the History of Market pipeline and published as a stable JSON endpoint for research, citation, and AI-agent use.

## Data & Source

[GET /api/mag7/correlation.json](https://historyofmarket.com/api/mag7/correlation.json) — Canonical dataset endpoint.

Exchange closing prices · Company filings · Robert Shiller · FRED · NBER.

## FAQ

### Where does this data come from?

History of Market combines public market and macro datasets — exchange closing prices, company filings, Robert Shiller, FRED, NBER, and the UBS Global Investment Returns Yearbook (Dimson–Marsh–Staunton). The exact endpoint for this panel is linked below.

### How often is it updated?

Daily-tier datasets refresh after the U.S. market close, with a broader weekly refresh each weekend. The timestamp shown on this page comes from the JSON payload.

### Can I use the data?

Yes, for research and education with attribution to History of Market. Upstream data sources retain their own terms.

## Related charts and reading

- [Magnificent 7 Weight in the S&P 500: 33% and Counting](https://historyofmarket.com/articles/magnificent-7-sp500-weight)

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Data: https://historyofmarket.com/api/mag7/correlation.json
Machine index: https://historyofmarket.com/llms.txt