Dividend Kings
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification
Dividend Kings
Currency in USD · Last updated May 6, 2025
Dividend Kings portfolio is a collection of stocks in companies with a history of paying and increasing dividends to shareholders for 50 consecutive years or more. The stocks in this portfolio are equally weighted, meaning each stock represents an equal portion of the portfolio rather than being weighted based on market capitalization or other factors. The Dividend Kings portfolio aims to provide a steady income stream for the investor.
Asset Allocation
Every 3 months
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Dividend Kings, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
Dividend Kings
Benchmark (^GSPC)
Portfolio components
The earliest data available for this chart is Jan 2, 2013, corresponding to the inception date of ABBV
Returns By Period
As of May 6, 2025, the Dividend Kings returned -1.63% Year-To-Date and 8.78% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -3.93% | 11.36% | -1.09% | 10.19% | 14.74% | 10.35% |
| Dividend Kings | -1.63% | 4.69% | -4.27% | 1.84% | 9.02% | 8.78% |
| Portfolio components: | ||||||
MO | 16.56% | 6.78% | 15.32% | 48.52% | 20.20% | 8.19% |
VFC | -41.15% | 8.74% | -40.95% | 1.77% | -23.36% | -13.04% |
UVV | 10.47% | 10.36% | 17.98% | 17.26% | 12.83% | 7.42% |
MMM | 9.61% | 10.94% | 13.03% | 48.23% | 7.05% | 3.92% |
CDUAF Canadian Utilities Limited | 15.26% | 6.78% | 11.47% | 29.80% | 8.58% | 3.39% |
LEG | -2.62% | 29.21% | -23.54% | -32.11% | -16.07% | -11.59% |
ABBV AbbVie Inc. | 12.41% | 5.84% | -0.36% | 24.06% | 23.12% | 16.44% |
FRT Federal Realty Investment Trust | -13.66% | 6.22% | -13.25% | -3.29% | 9.83% | 0.15% |
NWN | 12.70% | 6.87% | 16.04% | 18.26% | -2.46% | 3.59% |
KMB | 0.78% | -5.08% | -0.37% | -0.39% | 2.95% | 5.15% |
BKH Black Hills Corporation | 5.50% | 4.61% | 8.31% | 14.44% | 4.98% | 6.07% |
SWK | -24.43% | -4.45% | -35.15% | -27.37% | -8.20% | -3.00% |
NFG | 36.70% | 12.84% | 39.90% | 55.23% | 20.51% | 6.00% |
KO | 16.01% | 2.53% | 11.78% | 18.78% | 13.37% | 9.19% |
JNJ | 8.04% | 1.15% | -0.47% | 7.17% | 3.81% | 7.28% |
PEP | -12.43% | -9.97% | -19.26% | -22.57% | 3.17% | 6.27% |
CINF Cincinnati Financial Corporation | 0.73% | 9.26% | 5.35% | 26.13% | 25.43% | 14.06% |
PG | -4.07% | -2.38% | -2.58% | -1.04% | 9.74% | 10.03% |
CL Colgate-Palmolive Company | 0.94% | -0.45% | -1.97% | -0.20% | 8.52% | 5.34% |
SYY | -6.37% | -1.13% | -5.01% | -3.66% | 9.22% | 9.63% |
TGT | -29.86% | -1.78% | -36.32% | -38.68% | -1.41% | 4.47% |
GRC The Gorman-Rupp Company | -3.33% | 11.97% | -2.79% | 13.74% | 7.40% | 5.51% |
HRL | -5.07% | -4.06% | -3.12% | -13.76% | -6.40% | 2.77% |
EMR Emerson Electric Co. | -12.18% | 14.60% | -0.48% | 3.57% | 17.44% | 9.31% |
ITW | -4.42% | 6.78% | -7.62% | 1.11% | 11.27% | 12.28% |
GPC Genuine Parts Company | 2.50% | 1.62% | 3.96% | -22.26% | 13.49% | 5.34% |
LOW | -7.87% | 1.38% | -14.19% | -1.16% | 17.64% | 13.99% |
PPG | -7.19% | 11.16% | -10.73% | -15.25% | 6.39% | 1.32% |
SJW | 12.39% | 2.54% | 1.50% | 1.00% | 1.54% | 8.72% |
ABM ABM Industries Incorporated | -1.98% | 9.53% | -7.40% | 13.05% | 12.00% | 6.53% |
ABT Abbott Laboratories | 18.39% | 7.05% | 13.82% | 27.73% | 9.77% | 12.96% |
LANC | -6.29% | -10.21% | -12.93% | -13.99% | 4.61% | 8.53% |
CWT California Water Service Group | 8.82% | 1.07% | -0.27% | -1.41% | 3.84% | 9.61% |
FMCB Farmers & Merchants Bancorp | -6.60% | 1.02% | 3.42% | -0.31% | 10.12% | 8.67% |
AWR American States Water Company | 3.43% | 1.73% | -1.99% | 11.17% | 3.44% | 9.74% |
CBSH Commerce Bancshares, Inc. | 1.03% | 13.08% | 6.17% | 19.30% | 7.71% | 8.54% |
PH | -2.83% | 19.21% | -2.90% | 16.20% | 34.20% | 19.66% |
TNC | -11.82% | -3.81% | -13.93% | -32.19% | 5.81% | 2.29% |
BDX Becton, Dickinson and Company | -26.05% | -19.46% | -28.07% | -27.60% | -6.61% | 3.40% |
MSEX | 14.45% | -6.16% | -5.79% | 15.22% | 1.24% | 12.71% |
MSA | -5.77% | 16.06% | -4.48% | -14.35% | 7.61% | 15.04% |
SCL | -16.68% | 10.54% | -25.61% | -36.19% | -9.18% | 2.11% |
DOV Dover Corporation | -7.53% | 12.68% | -8.06% | -2.28% | 15.53% | 12.35% |
NDSN | -8.08% | 8.02% | -22.31% | -27.19% | 4.66% | 10.04% |
FUL H.B. Fuller Company | -19.84% | 2.17% | -26.40% | -29.31% | 10.82% | 3.87% |
GWW W.W. Grainger, Inc. | 1.28% | 13.06% | -2.40% | 15.24% | 32.36% | 17.60% |
TR | 8.62% | 11.15% | 17.43% | 20.41% | 2.59% | 4.61% |
*Annualized
Monthly Returns
The table below presents the monthly returns of Dividend Kings, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.51% | 1.09% | -2.86% | -2.25% | -0.03% | -1.63% | |||||||
| 2024 | -2.63% | 3.21% | 3.98% | -3.45% | -0.61% | -0.51% | 8.75% | 1.17% | 1.06% | -3.28% | 5.38% | -7.38% | 4.70% |
| 2023 | 2.38% | -2.33% | -0.31% | 0.52% | -5.89% | 6.24% | 2.09% | -3.06% | -6.03% | -2.60% | 6.55% | 5.91% | 2.41% |
| 2022 | -4.38% | -2.05% | 1.37% | -2.97% | 0.09% | -5.34% | 5.59% | -2.87% | -9.07% | 11.00% | 6.65% | -3.86% | -7.35% |
| 2021 | -1.51% | 2.48% | 7.41% | 3.42% | 2.10% | -1.60% | 2.33% | 0.58% | -5.61% | 5.35% | -1.85% | 8.58% | 22.87% |
| 2020 | -1.95% | -9.54% | -11.08% | 9.97% | 3.63% | 1.68% | 3.23% | 4.57% | -2.22% | -1.28% | 9.67% | 2.27% | 6.83% |
| 2019 | 6.46% | 4.09% | 1.14% | 1.28% | -5.14% | 5.49% | 1.68% | -1.18% | 3.54% | 2.38% | 2.23% | 2.69% | 27.03% |
| 2018 | 0.81% | -5.57% | 0.01% | -0.74% | 2.82% | 2.09% | 4.87% | 1.37% | 1.04% | -4.79% | 4.23% | -6.20% | -0.81% |
| 2017 | 0.44% | 2.48% | 0.79% | 0.53% | -0.65% | 1.74% | 1.43% | -1.83% | 3.66% | 1.93% | 4.26% | 0.15% | 15.80% |
| 2016 | -0.46% | 2.56% | 7.02% | 1.36% | 1.25% | 3.76% | 2.86% | -0.26% | -0.82% | -2.82% | 4.87% | 2.03% | 23.10% |
| 2015 | -3.60% | 4.50% | -1.05% | -0.85% | 1.12% | -0.62% | 0.33% | -4.63% | -1.31% | 7.95% | 1.06% | -1.85% | 0.41% |
| 2014 | -3.94% | 3.79% | 2.01% | -0.24% | 1.25% | 2.68% | -5.19% | 4.39% | -2.51% | 6.49% | 1.91% | 1.22% | 11.81% |
Expense Ratio
Dividend Kings has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
The portfolio doesn't include any funds that charge management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of Dividend Kings is 8, meaning it’s performing worse than 92% of other portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Overall Rank
Sharpe Ratio Rank
Sortino Ratio Rank
Omega Ratio Rank
Calmar Ratio Rank
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Portfolio: 0.15
^GSPC: 0.65
Portfolio: 0.33
^GSPC: 1.02
Portfolio: 1.04
^GSPC: 1.15
Portfolio: 0.14
^GSPC: 0.67
Portfolio: 0.44
^GSPC: 2.62
Portfolio components
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
MO | 2.58 | 3.63 | 1.48 | 4.64 | 11.08 |
VFC | 0.08 | 0.64 | 1.09 | 0.06 | 0.26 |
UVV | 0.77 | 1.17 | 1.18 | 0.67 | 2.90 |
MMM | 1.30 | 2.43 | 1.33 | 1.06 | 8.38 |
CDUAF Canadian Utilities Limited | 1.51 | 2.17 | 1.29 | 1.09 | 5.30 |
LEG | -0.51 | -0.60 | 0.94 | -0.33 | -1.16 |
ABBV AbbVie Inc. | 0.95 | 1.32 | 1.20 | 1.24 | 3.08 |
FRT Federal Realty Investment Trust | -0.24 | -0.18 | 0.98 | -0.17 | -0.63 |
NWN | 0.96 | 1.43 | 1.18 | 0.43 | 3.78 |
KMB | -0.04 | 0.08 | 1.01 | -0.05 | -0.10 |
BKH Black Hills Corporation | 0.78 | 1.20 | 1.15 | 0.51 | 2.66 |
SWK | -0.78 | -1.00 | 0.87 | -0.45 | -1.60 |
NFG | 2.92 | 3.63 | 1.52 | 2.62 | 21.96 |
KO | 1.17 | 1.72 | 1.22 | 1.24 | 2.74 |
JNJ | 0.31 | 0.54 | 1.07 | 0.34 | 0.92 |
PEP | -1.13 | -1.52 | 0.82 | -0.78 | -1.84 |
CINF Cincinnati Financial Corporation | 1.02 | 1.46 | 1.20 | 1.29 | 3.28 |
PG | -0.02 | 0.10 | 1.01 | -0.03 | -0.08 |
CL Colgate-Palmolive Company | 0.04 | 0.20 | 1.03 | 0.04 | 0.08 |
SYY | -0.03 | 0.11 | 1.01 | -0.03 | -0.09 |
TGT | -0.95 | -1.21 | 0.82 | -0.60 | -2.00 |
GRC The Gorman-Rupp Company | 0.46 | 0.86 | 1.10 | 0.49 | 1.34 |
HRL | -0.60 | -0.67 | 0.91 | -0.32 | -0.97 |
EMR Emerson Electric Co. | 0.11 | 0.39 | 1.05 | 0.12 | 0.33 |
ITW | 0.08 | 0.27 | 1.03 | 0.09 | 0.28 |
GPC Genuine Parts Company | -0.67 | -0.70 | 0.89 | -0.55 | -1.23 |
LOW | 0.03 | 0.22 | 1.03 | 0.03 | 0.08 |
PPG | -0.52 | -0.63 | 0.92 | -0.30 | -1.23 |
SJW | 0.10 | 0.34 | 1.04 | 0.06 | 0.24 |
ABM ABM Industries Incorporated | 0.44 | 0.76 | 1.11 | 0.48 | 1.32 |
ABT Abbott Laboratories | 1.33 | 1.96 | 1.25 | 1.07 | 6.53 |
LANC | -0.44 | -0.39 | 0.94 | -0.59 | -1.62 |
CWT California Water Service Group | 0.03 | 0.20 | 1.02 | 0.02 | 0.06 |
FMCB Farmers & Merchants Bancorp | 0.06 | 0.29 | 1.04 | 0.10 | 0.16 |
AWR American States Water Company | 0.62 | 1.01 | 1.12 | 0.47 | 1.66 |
CBSH Commerce Bancshares, Inc. | 0.80 | 1.30 | 1.17 | 0.86 | 2.53 |
PH | 0.42 | 0.85 | 1.12 | 0.55 | 1.81 |
TNC | -1.28 | -1.86 | 0.78 | -0.84 | -1.61 |
BDX Becton, Dickinson and Company | -0.98 | -1.13 | 0.80 | -0.69 | -3.50 |
MSEX | 0.51 | 1.06 | 1.12 | 0.31 | 1.32 |
MSA | -0.59 | -0.72 | 0.91 | -0.40 | -0.90 |
SCL | -1.05 | -1.56 | 0.82 | -0.54 | -1.38 |
DOV Dover Corporation | -0.06 | 0.11 | 1.01 | -0.06 | -0.21 |
NDSN | -0.89 | -1.18 | 0.84 | -0.66 | -1.40 |
FUL H.B. Fuller Company | -0.93 | -1.32 | 0.84 | -0.64 | -1.34 |
GWW W.W. Grainger, Inc. | 0.73 | 1.21 | 1.15 | 0.68 | 1.63 |
TR | 0.78 | 1.24 | 1.15 | 0.53 | 3.07 |
Dividend Kings
Benchmark (^GSPC)
Portfolio components
Dividends
Dividend yield
Dividend Kings provided a 2.74% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.74% | 2.74% | 2.86% | 2.68% | 2.22% | 2.45% | 2.27% | 2.64% | 2.17% | 2.23% | 2.53% | 2.17% |
| Portfolio components: | ||||||||||||
MO | 6.75% | 7.65% | 9.52% | 8.05% | 7.43% | 8.29% | 6.57% | 6.07% | 3.56% | 3.48% | 3.73% | 4.06% |
VFC | 2.86% | 1.68% | 5.27% | 7.28% | 2.69% | 2.26% | 1.91% | 2.65% | 2.33% | 2.87% | 2.14% | 1.48% |
UVV | 5.52% | 5.87% | 4.72% | 5.95% | 5.64% | 6.30% | 5.29% | 4.80% | 4.11% | 3.33% | 3.71% | 4.64% |
MMM | 2.01% | 2.60% | 5.49% | 4.97% | 3.33% | 3.36% | 3.26% | 2.85% | 2.00% | 2.49% | 2.72% | 2.08% |
CDUAF Canadian Utilities Limited | 4.81% | 5.47% | 5.53% | 5.03% | 4.85% | 5.32% | 4.24% | 4.15% | 3.95% | 3.61% | 4.11% | 2.73% |
LEG | 2.15% | 6.35% | 6.95% | 5.40% | 4.03% | 3.61% | 3.11% | 4.19% | 2.98% | 2.74% | 3.00% | 2.86% |
ABBV AbbVie Inc. | 3.25% | 3.49% | 3.82% | 3.49% | 3.84% | 4.41% | 4.83% | 3.89% | 2.65% | 3.64% | 3.41% | 2.54% |
FRT Federal Realty Investment Trust | 4.64% | 2.93% | 4.21% | 4.26% | 3.12% | 4.96% | 3.22% | 3.42% | 2.98% | 2.70% | 2.48% | 2.47% |
NWN | 4.50% | 4.94% | 4.99% | 4.06% | 3.94% | 4.16% | 2.58% | 3.13% | 3.16% | 3.13% | 3.68% | 3.70% |
KMB | 3.76% | 3.72% | 3.88% | 3.42% | 3.19% | 3.17% | 3.00% | 3.51% | 3.22% | 3.22% | 2.77% | 0.73% |
BKH Black Hills Corporation | 4.30% | 4.44% | 4.63% | 3.43% | 3.25% | 3.53% | 2.61% | 3.07% | 3.01% | 2.74% | 3.49% | 2.94% |
SWK | 5.44% | 4.06% | 3.28% | 4.23% | 1.58% | 1.56% | 1.63% | 2.15% | 1.43% | 1.97% | 2.01% | 2.12% |
NFG | 2.50% | 3.36% | 3.91% | 2.97% | 2.83% | 4.30% | 3.72% | 3.30% | 3.00% | 2.84% | 3.67% | 2.20% |
KO | 2.74% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% | 2.89% |
JNJ | 3.20% | 3.40% | 3.00% | 2.52% | 2.45% | 2.53% | 2.57% | 2.74% | 2.38% | 2.73% | 2.87% | 2.64% |
PEP | 4.12% | 3.52% | 2.92% | 2.51% | 2.45% | 2.71% | 2.79% | 3.25% | 2.64% | 2.83% | 2.76% | 2.68% |
CINF Cincinnati Financial Corporation | 2.29% | 2.25% | 2.90% | 2.70% | 2.21% | 2.75% | 2.13% | 2.74% | 3.33% | 2.53% | 3.89% | 3.40% |
PG | 2.57% | 2.36% | 2.55% | 2.38% | 2.08% | 2.24% | 2.37% | 3.09% | 2.98% | 3.18% | 3.32% | 2.78% |
CL Colgate-Palmolive Company | 2.23% | 2.18% | 2.40% | 2.36% | 2.10% | 2.05% | 2.48% | 2.79% | 2.11% | 2.37% | 2.25% | 2.05% |
SYY | 2.89% | 2.64% | 2.71% | 2.51% | 2.34% | 2.42% | 1.82% | 2.30% | 2.17% | 2.24% | 2.20% | 2.95% |
TGT | 4.74% | 3.28% | 3.06% | 2.66% | 1.37% | 1.52% | 2.03% | 3.81% | 3.74% | 3.21% | 2.97% | 2.50% |
GRC The Gorman-Rupp Company | 2.00% | 1.91% | 1.98% | 2.67% | 1.43% | 1.82% | 1.47% | 7.74% | 1.51% | 1.39% | 1.52% | 1.15% |
HRL | 3.92% | 3.60% | 3.43% | 2.28% | 2.01% | 2.00% | 1.86% | 1.76% | 1.87% | 1.67% | 1.26% | 1.54% |
EMR Emerson Electric Co. | 1.94% | 1.70% | 2.14% | 2.15% | 2.18% | 2.49% | 2.58% | 3.26% | 2.76% | 3.42% | 3.94% | 2.85% |
ITW | 2.45% | 2.29% | 2.07% | 2.30% | 1.91% | 2.17% | 2.30% | 2.81% | 1.71% | 1.96% | 2.23% | 1.91% |
GPC Genuine Parts Company | 3.40% | 3.43% | 2.74% | 2.06% | 2.33% | 3.15% | 2.87% | 3.00% | 2.84% | 2.75% | 2.86% | 2.16% |
LOW | 2.04% | 1.82% | 1.93% | 1.86% | 1.08% | 1.40% | 1.72% | 1.93% | 1.64% | 1.77% | 1.34% | 1.19% |
PPG | 2.44% | 2.23% | 1.70% | 1.92% | 1.31% | 1.46% | 1.48% | 1.82% | 1.46% | 1.65% | 1.43% | 1.13% |
SJW | 2.22% | 3.25% | 2.33% | 1.77% | 1.86% | 1.85% | 1.69% | 2.01% | 1.63% | 1.45% | 2.63% | 2.33% |
ABM ABM Industries Incorporated | 1.97% | 1.76% | 1.96% | 1.76% | 1.86% | 1.47% | 2.40% | 2.18% | 1.80% | 1.62% | 1.69% | 2.18% |
ABT Abbott Laboratories | 1.72% | 1.95% | 1.85% | 1.71% | 1.28% | 1.32% | 1.47% | 1.55% | 1.86% | 2.71% | 2.14% | 1.95% |
LANC | 2.29% | 2.11% | 2.07% | 1.65% | 1.84% | 1.55% | 1.66% | 1.39% | 1.74% | 1.45% | 5.96% | 1.90% |
CWT California Water Service Group | 1.76% | 2.43% | 2.01% | 1.65% | 1.28% | 1.57% | 1.53% | 1.57% | 1.59% | 2.04% | 2.88% | 2.64% |
FMCB Farmers & Merchants Bancorp | 1.83% | 1.71% | 1.62% | 1.54% | 1.59% | 1.94% | 1.85% | 1.99% | 2.00% | 2.05% | 2.39% | 2.74% |
AWR American States Water Company | 2.29% | 2.30% | 2.06% | 1.65% | 1.35% | 1.61% | 1.34% | 1.58% | 1.72% | 2.01% | 2.08% | 2.21% |
CBSH Commerce Bancshares, Inc. | 1.66% | 1.61% | 2.02% | 1.56% | 1.40% | 1.44% | 1.32% | 1.32% | 1.26% | 1.16% | 1.45% | 1.35% |
PH | 1.06% | 1.00% | 1.25% | 1.73% | 1.25% | 1.29% | 1.65% | 1.97% | 1.32% | 1.80% | 2.60% | 1.61% |
TNC | 1.61% | 1.39% | 1.16% | 1.65% | 1.16% | 1.27% | 1.13% | 1.63% | 1.16% | 1.14% | 1.42% | 1.08% |
BDX Becton, Dickinson and Company | 2.38% | 1.71% | 1.51% | 1.38% | 1.34% | 1.28% | 1.14% | 1.34% | 1.37% | 1.64% | 1.60% | 1.61% |
MSEX | 2.22% | 2.50% | 1.92% | 1.50% | 0.92% | 1.44% | 1.54% | 1.71% | 2.15% | 1.88% | 2.92% | 3.31% |
MSA | 1.31% | 1.21% | 1.11% | 1.26% | 1.16% | 1.14% | 1.30% | 1.58% | 1.78% | 1.89% | 2.92% | 2.32% |
SCL | 2.84% | 2.33% | 1.55% | 1.29% | 1.01% | 0.95% | 1.00% | 1.25% | 1.06% | 0.95% | 1.47% | 1.72% |
DOV Dover Corporation | 1.20% | 1.10% | 1.33% | 1.49% | 1.10% | 1.57% | 1.68% | 2.02% | 0.00% | 0.00% | 0.00% | 0.00% |
NDSN | 1.58% | 1.02% | 1.01% | 0.98% | 0.71% | 0.77% | 0.90% | 1.09% | 0.78% | 0.91% | 1.43% | 1.03% |
FUL H.B. Fuller Company | 1.68% | 1.29% | 0.99% | 1.03% | 0.82% | 1.25% | 1.23% | 1.44% | 1.10% | 1.14% | 1.40% | 1.03% |
GWW W.W. Grainger, Inc. | 0.77% | 0.76% | 0.88% | 1.22% | 1.23% | 1.45% | 1.68% | 1.90% | 2.14% | 2.08% | 2.27% | 1.64% |
TR | 1.03% | 1.11% | 1.08% | 0.84% | 1.27% | 1.21% | 1.05% | 1.04% | 0.95% | 0.87% | 1.07% | 1.01% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Dividend Kings
Benchmark (^GSPC)
Portfolio components
Worst Drawdowns
The table below displays the maximum drawdowns of the Dividend Kings. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Dividend Kings was 33.07%, occurring on Mar 23, 2020. Recovery took 141 trading sessions.
The current Dividend Kings drawdown is 9.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.07% | Jan 21, 2020 | 44 | Mar 23, 2020 | 141 | Oct 12, 2020 | 185 |
| -19.01% | Jan 5, 2022 | 186 | Sep 30, 2022 | 449 | Jul 17, 2024 | 635 |
| -16.58% | Nov 26, 2024 | 90 | Apr 8, 2025 | — | — | — |
| -13.12% | Sep 24, 2018 | 64 | Dec 24, 2018 | 36 | Feb 15, 2019 | 100 |
| -10.05% | Jan 29, 2018 | 39 | Mar 23, 2018 | 86 | Jul 26, 2018 | 125 |
Volatility
Volatility Chart
The current Dividend Kings volatility is 8.70%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Dividend Kings
Benchmark (^GSPC)
Portfolio components
Diversification
Diversification Metrics
Number of Effective Assets
Effective Assets: 47.00
The portfolio contains 47 assets, with an effective number of assets of 47.00, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.
Asset Correlations Table
The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
| ^GSPC | FMCB | CDUAF | ABBV | TGT | HRL | TR | MO | KMB | UVV | MSEX | BDX | SJW | JNJ | NWN | LANC | VFC | ABT | AWR | PG | NFG | CWT | CL | FRT | SYY | PEP | LOW | GWW | KO | BKH | TNC | ABM | GRC | CBSH | MSA | SCL | LEG | CINF | SWK | EMR | PH | MMM | PPG | NDSN | FUL | DOV | GPC | ITW | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.01 | 0.22 | 0.44 | 0.46 | 0.30 | 0.34 | 0.36 | 0.34 | 0.37 | 0.35 | 0.50 | 0.33 | 0.44 | 0.32 | 0.39 | 0.53 | 0.57 | 0.35 | 0.42 | 0.45 | 0.36 | 0.41 | 0.47 | 0.47 | 0.45 | 0.59 | 0.56 | 0.45 | 0.39 | 0.53 | 0.51 | 0.55 | 0.57 | 0.56 | 0.53 | 0.56 | 0.57 | 0.65 | 0.68 | 0.69 | 0.61 | 0.64 | 0.67 | 0.61 | 0.67 | 0.58 | 0.67 | 0.78 |
| FMCB | 0.01 | 1.00 | 0.04 | 0.01 | 0.03 | 0.02 | 0.03 | -0.00 | 0.00 | 0.01 | 0.03 | 0.01 | 0.05 | 0.00 | 0.04 | 0.02 | 0.03 | 0.00 | 0.02 | -0.01 | 0.01 | 0.03 | 0.00 | 0.03 | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.02 | -0.00 | 0.03 | 0.02 | 0.03 | 0.01 | 0.04 | 0.01 | 0.03 | 0.02 | 0.01 | 0.03 | 0.02 | 0.01 | 0.03 | 0.02 | 0.02 | 0.04 | 0.03 | 0.07 |
| CDUAF | 0.22 | 0.04 | 1.00 | 0.16 | 0.11 | 0.14 | 0.12 | 0.19 | 0.17 | 0.16 | 0.17 | 0.16 | 0.16 | 0.16 | 0.20 | 0.13 | 0.17 | 0.18 | 0.18 | 0.18 | 0.22 | 0.20 | 0.18 | 0.21 | 0.18 | 0.19 | 0.14 | 0.14 | 0.22 | 0.25 | 0.16 | 0.17 | 0.14 | 0.16 | 0.15 | 0.15 | 0.17 | 0.16 | 0.16 | 0.19 | 0.17 | 0.18 | 0.18 | 0.16 | 0.19 | 0.21 | 0.18 | 0.19 | 0.29 |
| ABBV | 0.44 | 0.01 | 0.16 | 1.00 | 0.25 | 0.22 | 0.20 | 0.29 | 0.30 | 0.22 | 0.20 | 0.40 | 0.21 | 0.46 | 0.20 | 0.25 | 0.23 | 0.44 | 0.22 | 0.32 | 0.24 | 0.23 | 0.32 | 0.26 | 0.27 | 0.33 | 0.27 | 0.26 | 0.32 | 0.25 | 0.23 | 0.28 | 0.26 | 0.26 | 0.27 | 0.26 | 0.28 | 0.31 | 0.29 | 0.31 | 0.29 | 0.34 | 0.32 | 0.30 | 0.30 | 0.28 | 0.32 | 0.36 | 0.45 |
| TGT | 0.46 | 0.03 | 0.11 | 0.25 | 1.00 | 0.26 | 0.24 | 0.26 | 0.23 | 0.26 | 0.21 | 0.27 | 0.20 | 0.27 | 0.21 | 0.27 | 0.44 | 0.31 | 0.22 | 0.27 | 0.26 | 0.22 | 0.27 | 0.31 | 0.32 | 0.28 | 0.47 | 0.34 | 0.27 | 0.24 | 0.31 | 0.31 | 0.32 | 0.35 | 0.33 | 0.32 | 0.39 | 0.33 | 0.39 | 0.36 | 0.36 | 0.36 | 0.36 | 0.38 | 0.36 | 0.36 | 0.43 | 0.39 | 0.51 |
| HRL | 0.30 | 0.02 | 0.14 | 0.22 | 0.26 | 1.00 | 0.41 | 0.40 | 0.49 | 0.28 | 0.30 | 0.33 | 0.31 | 0.37 | 0.34 | 0.42 | 0.22 | 0.30 | 0.34 | 0.45 | 0.30 | 0.34 | 0.49 | 0.30 | 0.37 | 0.51 | 0.26 | 0.25 | 0.44 | 0.37 | 0.21 | 0.28 | 0.22 | 0.23 | 0.23 | 0.28 | 0.27 | 0.33 | 0.25 | 0.20 | 0.20 | 0.30 | 0.28 | 0.25 | 0.25 | 0.23 | 0.33 | 0.31 | 0.48 |
| TR | 0.34 | 0.03 | 0.12 | 0.20 | 0.24 | 0.41 | 1.00 | 0.30 | 0.37 | 0.33 | 0.36 | 0.27 | 0.36 | 0.29 | 0.37 | 0.44 | 0.23 | 0.27 | 0.38 | 0.37 | 0.30 | 0.38 | 0.38 | 0.30 | 0.33 | 0.38 | 0.26 | 0.27 | 0.36 | 0.37 | 0.33 | 0.33 | 0.32 | 0.32 | 0.32 | 0.36 | 0.30 | 0.33 | 0.24 | 0.24 | 0.25 | 0.29 | 0.29 | 0.30 | 0.31 | 0.27 | 0.33 | 0.30 | 0.50 |
| MO | 0.36 | -0.00 | 0.19 | 0.29 | 0.26 | 0.40 | 0.30 | 1.00 | 0.43 | 0.43 | 0.24 | 0.27 | 0.27 | 0.38 | 0.32 | 0.34 | 0.25 | 0.29 | 0.27 | 0.44 | 0.33 | 0.28 | 0.45 | 0.37 | 0.41 | 0.47 | 0.29 | 0.28 | 0.49 | 0.38 | 0.26 | 0.32 | 0.24 | 0.27 | 0.25 | 0.27 | 0.33 | 0.39 | 0.30 | 0.30 | 0.29 | 0.38 | 0.32 | 0.26 | 0.31 | 0.29 | 0.38 | 0.37 | 0.51 |
| KMB | 0.34 | 0.00 | 0.17 | 0.30 | 0.23 | 0.49 | 0.37 | 0.43 | 1.00 | 0.27 | 0.30 | 0.34 | 0.33 | 0.43 | 0.36 | 0.36 | 0.21 | 0.37 | 0.37 | 0.68 | 0.28 | 0.36 | 0.69 | 0.33 | 0.35 | 0.58 | 0.27 | 0.26 | 0.54 | 0.42 | 0.21 | 0.25 | 0.22 | 0.19 | 0.24 | 0.25 | 0.26 | 0.35 | 0.25 | 0.23 | 0.21 | 0.35 | 0.31 | 0.26 | 0.23 | 0.27 | 0.32 | 0.34 | 0.50 |
| UVV | 0.37 | 0.01 | 0.16 | 0.22 | 0.26 | 0.28 | 0.33 | 0.43 | 0.27 | 1.00 | 0.32 | 0.25 | 0.33 | 0.25 | 0.35 | 0.35 | 0.28 | 0.23 | 0.31 | 0.27 | 0.36 | 0.33 | 0.30 | 0.34 | 0.34 | 0.31 | 0.28 | 0.28 | 0.32 | 0.36 | 0.38 | 0.39 | 0.38 | 0.40 | 0.38 | 0.44 | 0.37 | 0.36 | 0.33 | 0.36 | 0.35 | 0.35 | 0.36 | 0.33 | 0.40 | 0.33 | 0.36 | 0.38 | 0.55 |
| MSEX | 0.35 | 0.03 | 0.17 | 0.20 | 0.21 | 0.30 | 0.36 | 0.24 | 0.30 | 0.32 | 1.00 | 0.26 | 0.63 | 0.30 | 0.51 | 0.39 | 0.24 | 0.28 | 0.66 | 0.32 | 0.35 | 0.67 | 0.30 | 0.36 | 0.28 | 0.34 | 0.28 | 0.26 | 0.33 | 0.51 | 0.32 | 0.35 | 0.36 | 0.29 | 0.33 | 0.36 | 0.30 | 0.33 | 0.27 | 0.24 | 0.24 | 0.29 | 0.29 | 0.30 | 0.32 | 0.28 | 0.29 | 0.33 | 0.54 |
| BDX | 0.50 | 0.01 | 0.16 | 0.40 | 0.27 | 0.33 | 0.27 | 0.27 | 0.34 | 0.25 | 0.26 | 1.00 | 0.27 | 0.48 | 0.26 | 0.31 | 0.27 | 0.57 | 0.29 | 0.37 | 0.27 | 0.30 | 0.38 | 0.28 | 0.30 | 0.39 | 0.33 | 0.32 | 0.37 | 0.32 | 0.29 | 0.30 | 0.30 | 0.29 | 0.35 | 0.32 | 0.32 | 0.37 | 0.37 | 0.35 | 0.35 | 0.40 | 0.39 | 0.39 | 0.36 | 0.35 | 0.36 | 0.42 | 0.52 |
| SJW | 0.33 | 0.05 | 0.16 | 0.21 | 0.20 | 0.31 | 0.36 | 0.27 | 0.33 | 0.33 | 0.63 | 0.27 | 1.00 | 0.30 | 0.53 | 0.39 | 0.21 | 0.27 | 0.69 | 0.34 | 0.38 | 0.69 | 0.33 | 0.37 | 0.28 | 0.37 | 0.27 | 0.23 | 0.37 | 0.53 | 0.32 | 0.35 | 0.33 | 0.31 | 0.33 | 0.36 | 0.29 | 0.34 | 0.25 | 0.25 | 0.25 | 0.29 | 0.28 | 0.29 | 0.32 | 0.28 | 0.30 | 0.32 | 0.55 |
| JNJ | 0.44 | 0.00 | 0.16 | 0.46 | 0.27 | 0.37 | 0.29 | 0.38 | 0.43 | 0.25 | 0.30 | 0.48 | 0.30 | 1.00 | 0.31 | 0.31 | 0.24 | 0.51 | 0.34 | 0.48 | 0.28 | 0.34 | 0.47 | 0.29 | 0.31 | 0.48 | 0.30 | 0.30 | 0.45 | 0.36 | 0.26 | 0.28 | 0.26 | 0.29 | 0.29 | 0.29 | 0.28 | 0.38 | 0.32 | 0.31 | 0.28 | 0.43 | 0.36 | 0.32 | 0.31 | 0.31 | 0.37 | 0.41 | 0.52 |
| NWN | 0.32 | 0.04 | 0.20 | 0.20 | 0.21 | 0.34 | 0.37 | 0.32 | 0.36 | 0.35 | 0.51 | 0.26 | 0.53 | 0.31 | 1.00 | 0.39 | 0.23 | 0.26 | 0.57 | 0.35 | 0.48 | 0.57 | 0.35 | 0.46 | 0.34 | 0.38 | 0.26 | 0.24 | 0.40 | 0.65 | 0.30 | 0.39 | 0.33 | 0.32 | 0.30 | 0.34 | 0.32 | 0.38 | 0.27 | 0.26 | 0.24 | 0.33 | 0.29 | 0.27 | 0.32 | 0.28 | 0.33 | 0.33 | 0.56 |
| LANC | 0.39 | 0.02 | 0.13 | 0.25 | 0.27 | 0.42 | 0.44 | 0.34 | 0.36 | 0.35 | 0.39 | 0.31 | 0.39 | 0.31 | 0.39 | 1.00 | 0.27 | 0.28 | 0.40 | 0.37 | 0.32 | 0.41 | 0.38 | 0.34 | 0.37 | 0.40 | 0.31 | 0.28 | 0.40 | 0.41 | 0.37 | 0.39 | 0.36 | 0.34 | 0.38 | 0.38 | 0.33 | 0.37 | 0.31 | 0.31 | 0.30 | 0.33 | 0.33 | 0.34 | 0.37 | 0.32 | 0.38 | 0.36 | 0.56 |
| VFC | 0.53 | 0.03 | 0.17 | 0.23 | 0.44 | 0.22 | 0.23 | 0.25 | 0.21 | 0.28 | 0.24 | 0.27 | 0.21 | 0.24 | 0.23 | 0.27 | 1.00 | 0.32 | 0.23 | 0.24 | 0.32 | 0.23 | 0.23 | 0.39 | 0.38 | 0.25 | 0.44 | 0.35 | 0.30 | 0.28 | 0.39 | 0.38 | 0.39 | 0.46 | 0.41 | 0.41 | 0.53 | 0.40 | 0.51 | 0.44 | 0.47 | 0.45 | 0.47 | 0.46 | 0.46 | 0.47 | 0.49 | 0.48 | 0.59 |
| ABT | 0.57 | 0.00 | 0.18 | 0.44 | 0.31 | 0.30 | 0.27 | 0.29 | 0.37 | 0.23 | 0.28 | 0.57 | 0.27 | 0.51 | 0.26 | 0.28 | 0.32 | 1.00 | 0.30 | 0.41 | 0.27 | 0.30 | 0.41 | 0.29 | 0.32 | 0.41 | 0.38 | 0.34 | 0.39 | 0.30 | 0.30 | 0.31 | 0.31 | 0.31 | 0.36 | 0.32 | 0.33 | 0.38 | 0.40 | 0.37 | 0.36 | 0.42 | 0.42 | 0.41 | 0.36 | 0.40 | 0.36 | 0.44 | 0.55 |
| AWR | 0.35 | 0.02 | 0.18 | 0.22 | 0.22 | 0.34 | 0.38 | 0.27 | 0.37 | 0.31 | 0.66 | 0.29 | 0.69 | 0.34 | 0.57 | 0.40 | 0.23 | 0.30 | 1.00 | 0.38 | 0.38 | 0.81 | 0.38 | 0.38 | 0.30 | 0.41 | 0.28 | 0.26 | 0.38 | 0.58 | 0.33 | 0.34 | 0.33 | 0.31 | 0.33 | 0.37 | 0.29 | 0.38 | 0.26 | 0.25 | 0.25 | 0.29 | 0.30 | 0.31 | 0.31 | 0.29 | 0.31 | 0.33 | 0.58 |
| PG | 0.42 | -0.01 | 0.18 | 0.32 | 0.27 | 0.45 | 0.37 | 0.44 | 0.68 | 0.27 | 0.32 | 0.37 | 0.34 | 0.48 | 0.35 | 0.37 | 0.24 | 0.41 | 0.38 | 1.00 | 0.31 | 0.37 | 0.74 | 0.33 | 0.37 | 0.64 | 0.31 | 0.30 | 0.60 | 0.42 | 0.23 | 0.28 | 0.25 | 0.22 | 0.27 | 0.28 | 0.27 | 0.38 | 0.29 | 0.29 | 0.26 | 0.38 | 0.34 | 0.30 | 0.28 | 0.31 | 0.36 | 0.38 | 0.54 |
| NFG | 0.45 | 0.01 | 0.22 | 0.24 | 0.26 | 0.30 | 0.30 | 0.33 | 0.28 | 0.36 | 0.35 | 0.27 | 0.38 | 0.28 | 0.48 | 0.32 | 0.32 | 0.27 | 0.38 | 0.31 | 1.00 | 0.41 | 0.31 | 0.42 | 0.34 | 0.30 | 0.30 | 0.36 | 0.34 | 0.52 | 0.37 | 0.40 | 0.37 | 0.39 | 0.36 | 0.41 | 0.40 | 0.41 | 0.36 | 0.42 | 0.40 | 0.37 | 0.37 | 0.39 | 0.39 | 0.42 | 0.40 | 0.40 | 0.59 |
| CWT | 0.36 | 0.03 | 0.20 | 0.23 | 0.22 | 0.34 | 0.38 | 0.28 | 0.36 | 0.33 | 0.67 | 0.30 | 0.69 | 0.34 | 0.57 | 0.41 | 0.23 | 0.30 | 0.81 | 0.37 | 0.41 | 1.00 | 0.37 | 0.41 | 0.30 | 0.40 | 0.28 | 0.26 | 0.39 | 0.57 | 0.33 | 0.36 | 0.36 | 0.31 | 0.35 | 0.38 | 0.31 | 0.38 | 0.28 | 0.25 | 0.26 | 0.30 | 0.30 | 0.32 | 0.34 | 0.29 | 0.31 | 0.34 | 0.59 |
| CL | 0.41 | 0.00 | 0.18 | 0.32 | 0.27 | 0.49 | 0.38 | 0.45 | 0.69 | 0.30 | 0.30 | 0.38 | 0.33 | 0.47 | 0.35 | 0.38 | 0.23 | 0.41 | 0.38 | 0.74 | 0.31 | 0.37 | 1.00 | 0.35 | 0.40 | 0.65 | 0.31 | 0.31 | 0.60 | 0.42 | 0.25 | 0.29 | 0.24 | 0.22 | 0.29 | 0.29 | 0.29 | 0.39 | 0.31 | 0.28 | 0.27 | 0.38 | 0.34 | 0.29 | 0.28 | 0.31 | 0.36 | 0.39 | 0.54 |
| FRT | 0.47 | 0.03 | 0.21 | 0.26 | 0.31 | 0.30 | 0.30 | 0.37 | 0.33 | 0.34 | 0.36 | 0.28 | 0.37 | 0.29 | 0.46 | 0.34 | 0.39 | 0.29 | 0.38 | 0.33 | 0.42 | 0.41 | 0.35 | 1.00 | 0.43 | 0.37 | 0.37 | 0.32 | 0.38 | 0.47 | 0.34 | 0.38 | 0.34 | 0.38 | 0.33 | 0.35 | 0.45 | 0.45 | 0.39 | 0.37 | 0.36 | 0.38 | 0.39 | 0.36 | 0.39 | 0.38 | 0.44 | 0.40 | 0.59 |
| SYY | 0.47 | 0.03 | 0.18 | 0.27 | 0.32 | 0.37 | 0.33 | 0.41 | 0.35 | 0.34 | 0.28 | 0.30 | 0.28 | 0.31 | 0.34 | 0.37 | 0.38 | 0.32 | 0.30 | 0.37 | 0.34 | 0.30 | 0.40 | 0.43 | 1.00 | 0.43 | 0.38 | 0.36 | 0.43 | 0.37 | 0.34 | 0.38 | 0.36 | 0.38 | 0.35 | 0.37 | 0.43 | 0.45 | 0.39 | 0.40 | 0.41 | 0.39 | 0.42 | 0.38 | 0.41 | 0.38 | 0.46 | 0.44 | 0.59 |
| PEP | 0.45 | 0.02 | 0.19 | 0.33 | 0.28 | 0.51 | 0.38 | 0.47 | 0.58 | 0.31 | 0.34 | 0.39 | 0.37 | 0.48 | 0.38 | 0.40 | 0.25 | 0.41 | 0.41 | 0.64 | 0.30 | 0.40 | 0.65 | 0.37 | 0.43 | 1.00 | 0.33 | 0.30 | 0.70 | 0.44 | 0.26 | 0.29 | 0.25 | 0.22 | 0.27 | 0.28 | 0.29 | 0.39 | 0.30 | 0.28 | 0.25 | 0.38 | 0.36 | 0.31 | 0.28 | 0.30 | 0.37 | 0.39 | 0.56 |
| LOW | 0.59 | 0.02 | 0.14 | 0.27 | 0.47 | 0.26 | 0.26 | 0.29 | 0.27 | 0.28 | 0.28 | 0.33 | 0.27 | 0.30 | 0.26 | 0.31 | 0.44 | 0.38 | 0.28 | 0.31 | 0.30 | 0.28 | 0.31 | 0.37 | 0.38 | 0.33 | 1.00 | 0.45 | 0.31 | 0.30 | 0.38 | 0.37 | 0.40 | 0.40 | 0.41 | 0.38 | 0.50 | 0.40 | 0.55 | 0.47 | 0.48 | 0.45 | 0.49 | 0.51 | 0.46 | 0.47 | 0.53 | 0.51 | 0.61 |
| GWW | 0.56 | 0.03 | 0.14 | 0.26 | 0.34 | 0.25 | 0.27 | 0.28 | 0.26 | 0.28 | 0.26 | 0.32 | 0.23 | 0.30 | 0.24 | 0.28 | 0.35 | 0.34 | 0.26 | 0.30 | 0.36 | 0.26 | 0.31 | 0.32 | 0.36 | 0.30 | 0.45 | 1.00 | 0.30 | 0.29 | 0.45 | 0.41 | 0.44 | 0.44 | 0.46 | 0.42 | 0.43 | 0.44 | 0.50 | 0.58 | 0.58 | 0.48 | 0.48 | 0.56 | 0.48 | 0.57 | 0.54 | 0.60 | 0.62 |
| KO | 0.45 | 0.03 | 0.22 | 0.32 | 0.27 | 0.44 | 0.36 | 0.49 | 0.54 | 0.32 | 0.33 | 0.37 | 0.37 | 0.45 | 0.40 | 0.40 | 0.30 | 0.39 | 0.38 | 0.60 | 0.34 | 0.39 | 0.60 | 0.38 | 0.43 | 0.70 | 0.31 | 0.30 | 1.00 | 0.46 | 0.28 | 0.33 | 0.26 | 0.28 | 0.29 | 0.32 | 0.33 | 0.43 | 0.33 | 0.33 | 0.31 | 0.40 | 0.38 | 0.33 | 0.33 | 0.34 | 0.39 | 0.41 | 0.58 |
| BKH | 0.39 | 0.02 | 0.25 | 0.25 | 0.24 | 0.37 | 0.37 | 0.38 | 0.42 | 0.36 | 0.51 | 0.32 | 0.53 | 0.36 | 0.65 | 0.41 | 0.28 | 0.30 | 0.58 | 0.42 | 0.52 | 0.57 | 0.42 | 0.47 | 0.37 | 0.44 | 0.30 | 0.29 | 0.46 | 1.00 | 0.31 | 0.39 | 0.35 | 0.33 | 0.34 | 0.34 | 0.35 | 0.44 | 0.30 | 0.31 | 0.30 | 0.36 | 0.34 | 0.33 | 0.34 | 0.33 | 0.37 | 0.37 | 0.61 |
| TNC | 0.53 | -0.00 | 0.16 | 0.23 | 0.31 | 0.21 | 0.33 | 0.26 | 0.21 | 0.38 | 0.32 | 0.29 | 0.32 | 0.26 | 0.30 | 0.37 | 0.39 | 0.30 | 0.33 | 0.23 | 0.37 | 0.33 | 0.25 | 0.34 | 0.34 | 0.26 | 0.38 | 0.45 | 0.28 | 0.31 | 1.00 | 0.50 | 0.55 | 0.50 | 0.51 | 0.54 | 0.48 | 0.43 | 0.51 | 0.51 | 0.55 | 0.46 | 0.45 | 0.54 | 0.54 | 0.53 | 0.48 | 0.55 | 0.64 |
| ABM | 0.51 | 0.03 | 0.17 | 0.28 | 0.31 | 0.28 | 0.33 | 0.32 | 0.25 | 0.39 | 0.35 | 0.30 | 0.35 | 0.28 | 0.39 | 0.39 | 0.38 | 0.31 | 0.34 | 0.28 | 0.40 | 0.36 | 0.29 | 0.38 | 0.38 | 0.29 | 0.37 | 0.41 | 0.33 | 0.39 | 0.50 | 1.00 | 0.47 | 0.50 | 0.48 | 0.48 | 0.47 | 0.45 | 0.45 | 0.46 | 0.48 | 0.44 | 0.44 | 0.47 | 0.53 | 0.46 | 0.47 | 0.49 | 0.65 |
| GRC | 0.55 | 0.02 | 0.14 | 0.26 | 0.32 | 0.22 | 0.32 | 0.24 | 0.22 | 0.38 | 0.36 | 0.30 | 0.33 | 0.26 | 0.33 | 0.36 | 0.39 | 0.31 | 0.33 | 0.25 | 0.37 | 0.36 | 0.24 | 0.34 | 0.36 | 0.25 | 0.40 | 0.44 | 0.26 | 0.35 | 0.55 | 0.47 | 1.00 | 0.49 | 0.53 | 0.54 | 0.46 | 0.43 | 0.51 | 0.52 | 0.56 | 0.45 | 0.47 | 0.53 | 0.53 | 0.54 | 0.48 | 0.56 | 0.66 |
| CBSH | 0.57 | 0.03 | 0.16 | 0.26 | 0.35 | 0.23 | 0.32 | 0.27 | 0.19 | 0.40 | 0.29 | 0.29 | 0.31 | 0.29 | 0.32 | 0.34 | 0.46 | 0.31 | 0.31 | 0.22 | 0.39 | 0.31 | 0.22 | 0.38 | 0.38 | 0.22 | 0.40 | 0.44 | 0.28 | 0.33 | 0.50 | 0.50 | 0.49 | 1.00 | 0.51 | 0.53 | 0.50 | 0.56 | 0.50 | 0.53 | 0.54 | 0.48 | 0.47 | 0.53 | 0.55 | 0.53 | 0.52 | 0.52 | 0.65 |
| MSA | 0.56 | 0.01 | 0.15 | 0.27 | 0.33 | 0.23 | 0.32 | 0.25 | 0.24 | 0.38 | 0.33 | 0.35 | 0.33 | 0.29 | 0.30 | 0.38 | 0.41 | 0.36 | 0.33 | 0.27 | 0.36 | 0.35 | 0.29 | 0.33 | 0.35 | 0.27 | 0.41 | 0.46 | 0.29 | 0.34 | 0.51 | 0.48 | 0.53 | 0.51 | 1.00 | 0.52 | 0.46 | 0.45 | 0.49 | 0.51 | 0.54 | 0.45 | 0.49 | 0.54 | 0.54 | 0.52 | 0.48 | 0.55 | 0.66 |
| SCL | 0.53 | 0.04 | 0.15 | 0.26 | 0.32 | 0.28 | 0.36 | 0.27 | 0.25 | 0.44 | 0.36 | 0.32 | 0.36 | 0.29 | 0.34 | 0.38 | 0.41 | 0.32 | 0.37 | 0.28 | 0.41 | 0.38 | 0.29 | 0.35 | 0.37 | 0.28 | 0.38 | 0.42 | 0.32 | 0.34 | 0.54 | 0.48 | 0.54 | 0.53 | 0.52 | 1.00 | 0.49 | 0.46 | 0.50 | 0.51 | 0.52 | 0.48 | 0.53 | 0.53 | 0.62 | 0.52 | 0.48 | 0.55 | 0.68 |
| LEG | 0.56 | 0.01 | 0.17 | 0.28 | 0.39 | 0.27 | 0.30 | 0.33 | 0.26 | 0.37 | 0.30 | 0.32 | 0.29 | 0.28 | 0.32 | 0.33 | 0.53 | 0.33 | 0.29 | 0.27 | 0.40 | 0.31 | 0.29 | 0.45 | 0.43 | 0.29 | 0.50 | 0.43 | 0.33 | 0.35 | 0.48 | 0.47 | 0.46 | 0.50 | 0.46 | 0.49 | 1.00 | 0.47 | 0.58 | 0.51 | 0.54 | 0.51 | 0.56 | 0.54 | 0.57 | 0.52 | 0.58 | 0.55 | 0.68 |
| CINF | 0.57 | 0.03 | 0.16 | 0.31 | 0.33 | 0.33 | 0.33 | 0.39 | 0.35 | 0.36 | 0.33 | 0.37 | 0.34 | 0.38 | 0.38 | 0.37 | 0.40 | 0.38 | 0.38 | 0.38 | 0.41 | 0.38 | 0.39 | 0.45 | 0.45 | 0.39 | 0.40 | 0.44 | 0.43 | 0.44 | 0.43 | 0.45 | 0.43 | 0.56 | 0.45 | 0.46 | 0.47 | 1.00 | 0.47 | 0.50 | 0.50 | 0.50 | 0.49 | 0.45 | 0.47 | 0.51 | 0.52 | 0.52 | 0.67 |
| SWK | 0.65 | 0.02 | 0.16 | 0.29 | 0.39 | 0.25 | 0.24 | 0.30 | 0.25 | 0.33 | 0.27 | 0.37 | 0.25 | 0.32 | 0.27 | 0.31 | 0.51 | 0.40 | 0.26 | 0.29 | 0.36 | 0.28 | 0.31 | 0.39 | 0.39 | 0.30 | 0.55 | 0.50 | 0.33 | 0.30 | 0.51 | 0.45 | 0.51 | 0.50 | 0.49 | 0.50 | 0.58 | 0.47 | 1.00 | 0.61 | 0.65 | 0.61 | 0.60 | 0.62 | 0.59 | 0.64 | 0.55 | 0.68 | 0.70 |
| EMR | 0.68 | 0.01 | 0.19 | 0.31 | 0.36 | 0.20 | 0.24 | 0.30 | 0.23 | 0.36 | 0.24 | 0.35 | 0.25 | 0.31 | 0.26 | 0.31 | 0.44 | 0.37 | 0.25 | 0.29 | 0.42 | 0.25 | 0.28 | 0.37 | 0.40 | 0.28 | 0.47 | 0.58 | 0.33 | 0.31 | 0.51 | 0.46 | 0.52 | 0.53 | 0.51 | 0.51 | 0.51 | 0.50 | 0.61 | 1.00 | 0.74 | 0.60 | 0.59 | 0.64 | 0.59 | 0.71 | 0.57 | 0.69 | 0.69 |
| PH | 0.69 | 0.03 | 0.17 | 0.29 | 0.36 | 0.20 | 0.25 | 0.29 | 0.21 | 0.35 | 0.24 | 0.35 | 0.25 | 0.28 | 0.24 | 0.30 | 0.47 | 0.36 | 0.25 | 0.26 | 0.40 | 0.26 | 0.27 | 0.36 | 0.41 | 0.25 | 0.48 | 0.58 | 0.31 | 0.30 | 0.55 | 0.48 | 0.56 | 0.54 | 0.54 | 0.52 | 0.54 | 0.50 | 0.65 | 0.74 | 1.00 | 0.60 | 0.58 | 0.66 | 0.60 | 0.73 | 0.58 | 0.72 | 0.70 |
| MMM | 0.61 | 0.02 | 0.18 | 0.34 | 0.36 | 0.30 | 0.29 | 0.38 | 0.35 | 0.35 | 0.29 | 0.40 | 0.29 | 0.43 | 0.33 | 0.33 | 0.45 | 0.42 | 0.29 | 0.38 | 0.37 | 0.30 | 0.38 | 0.38 | 0.39 | 0.38 | 0.45 | 0.48 | 0.40 | 0.36 | 0.46 | 0.44 | 0.45 | 0.48 | 0.45 | 0.48 | 0.51 | 0.50 | 0.61 | 0.60 | 0.60 | 1.00 | 0.56 | 0.54 | 0.54 | 0.58 | 0.52 | 0.65 | 0.69 |
| PPG | 0.64 | 0.01 | 0.18 | 0.32 | 0.36 | 0.28 | 0.29 | 0.32 | 0.31 | 0.36 | 0.29 | 0.39 | 0.28 | 0.36 | 0.29 | 0.33 | 0.47 | 0.42 | 0.30 | 0.34 | 0.37 | 0.30 | 0.34 | 0.39 | 0.42 | 0.36 | 0.49 | 0.48 | 0.38 | 0.34 | 0.45 | 0.44 | 0.47 | 0.47 | 0.49 | 0.53 | 0.56 | 0.49 | 0.60 | 0.59 | 0.58 | 0.56 | 1.00 | 0.58 | 0.64 | 0.59 | 0.55 | 0.63 | 0.70 |
| NDSN | 0.67 | 0.03 | 0.16 | 0.30 | 0.38 | 0.25 | 0.30 | 0.26 | 0.26 | 0.33 | 0.30 | 0.39 | 0.29 | 0.32 | 0.27 | 0.34 | 0.46 | 0.41 | 0.31 | 0.30 | 0.39 | 0.32 | 0.29 | 0.36 | 0.38 | 0.31 | 0.51 | 0.56 | 0.33 | 0.33 | 0.54 | 0.47 | 0.53 | 0.53 | 0.54 | 0.53 | 0.54 | 0.45 | 0.62 | 0.64 | 0.66 | 0.54 | 0.58 | 1.00 | 0.59 | 0.65 | 0.56 | 0.67 | 0.71 |
| FUL | 0.61 | 0.02 | 0.19 | 0.30 | 0.36 | 0.25 | 0.31 | 0.31 | 0.23 | 0.40 | 0.32 | 0.36 | 0.32 | 0.31 | 0.32 | 0.37 | 0.46 | 0.36 | 0.31 | 0.28 | 0.39 | 0.34 | 0.28 | 0.39 | 0.41 | 0.28 | 0.46 | 0.48 | 0.33 | 0.34 | 0.54 | 0.53 | 0.53 | 0.55 | 0.54 | 0.62 | 0.57 | 0.47 | 0.59 | 0.59 | 0.60 | 0.54 | 0.64 | 0.59 | 1.00 | 0.58 | 0.54 | 0.61 | 0.71 |
| DOV | 0.67 | 0.02 | 0.21 | 0.28 | 0.36 | 0.23 | 0.27 | 0.29 | 0.27 | 0.33 | 0.28 | 0.35 | 0.28 | 0.31 | 0.28 | 0.32 | 0.47 | 0.40 | 0.29 | 0.31 | 0.42 | 0.29 | 0.31 | 0.38 | 0.38 | 0.30 | 0.47 | 0.57 | 0.34 | 0.33 | 0.53 | 0.46 | 0.54 | 0.53 | 0.52 | 0.52 | 0.52 | 0.51 | 0.64 | 0.71 | 0.73 | 0.58 | 0.59 | 0.65 | 0.58 | 1.00 | 0.56 | 0.71 | 0.71 |
| GPC | 0.58 | 0.04 | 0.18 | 0.32 | 0.43 | 0.33 | 0.33 | 0.38 | 0.32 | 0.36 | 0.29 | 0.36 | 0.30 | 0.37 | 0.33 | 0.38 | 0.49 | 0.36 | 0.31 | 0.36 | 0.40 | 0.31 | 0.36 | 0.44 | 0.46 | 0.37 | 0.53 | 0.54 | 0.39 | 0.37 | 0.48 | 0.47 | 0.48 | 0.52 | 0.48 | 0.48 | 0.58 | 0.52 | 0.55 | 0.57 | 0.58 | 0.52 | 0.55 | 0.56 | 0.54 | 0.56 | 1.00 | 0.62 | 0.72 |
| ITW | 0.67 | 0.03 | 0.19 | 0.36 | 0.39 | 0.31 | 0.30 | 0.37 | 0.34 | 0.38 | 0.33 | 0.42 | 0.32 | 0.41 | 0.33 | 0.36 | 0.48 | 0.44 | 0.33 | 0.38 | 0.40 | 0.34 | 0.39 | 0.40 | 0.44 | 0.39 | 0.51 | 0.60 | 0.41 | 0.37 | 0.55 | 0.49 | 0.56 | 0.52 | 0.55 | 0.55 | 0.55 | 0.52 | 0.68 | 0.69 | 0.72 | 0.65 | 0.63 | 0.67 | 0.61 | 0.71 | 0.62 | 1.00 | 0.77 |
| Portfolio | 0.78 | 0.07 | 0.29 | 0.45 | 0.51 | 0.48 | 0.50 | 0.51 | 0.50 | 0.55 | 0.54 | 0.52 | 0.55 | 0.52 | 0.56 | 0.56 | 0.59 | 0.55 | 0.58 | 0.54 | 0.59 | 0.59 | 0.54 | 0.59 | 0.59 | 0.56 | 0.61 | 0.62 | 0.58 | 0.61 | 0.64 | 0.65 | 0.66 | 0.65 | 0.66 | 0.68 | 0.68 | 0.67 | 0.70 | 0.69 | 0.70 | 0.69 | 0.70 | 0.71 | 0.71 | 0.71 | 0.72 | 0.77 | 1.00 |
The correlation results are calculated based on daily price changes starting from Jan 3, 2013