I do the same. Say I have a home improvement store, I’d have a campaign for bathrooms, appliances, tools, etc. then in each campaign I’d have an adgroup with relevant terms for the given items being searched for and ads tailor to those search results. Sounds like we both do the same thing. Not sure what you mean by relevancy extending to campaign level. The only thing I do campaign level is budgets, locations, etc. beyond that it’s all ad group level.