IDC-4-7-22

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

IDC-4-7-22

Last updated Sep 4, 2024

Asset Allocation

Position	Category/Sector	Weight
ABBV AbbVie Inc.	Healthcare	3.30%
ABT Abbott Laboratories	Healthcare	2.90%
ADM Archer-Daniels-Midland Company	Consumer Defensive	1.10%
ADP Automatic Data Processing, Inc.	Industrials	3%
AFL Aflac Incorporated	Financial Services	2.70%
APD Air Products and Chemicals, Inc.	Basic Materials	3.90%
BAC Bank of America Corporation	Financial Services	0.80%
BBVA Banco Bilbao Vizcaya Argentaria, S.A.	Financial Services	1%
BCS Barclays PLC	Financial Services	1%
CAG Conagra Brands, Inc.	Consumer Defensive	3.10%
CME CME Group Inc.	Financial Services	2.70%
CVX Chevron Corporation	Energy	3%
ENB Enbridge Inc.	Energy	2.10%
ESS Essex Property Trust, Inc.	Real Estate	2.90%
F Ford Motor Company	Consumer Cyclical	2.20%
FRT Federal Realty Investment Trust	Real Estate	1.40%
IBM International Business Machines Corporation	Technology	1.80%
ITW Illinois Tool Works Inc.	Industrials	3.10%
JEPI JPMorgan Equity Premium Income ETF	Actively Managed, Dividend, Derivative Income	2.30%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	Actively Managed, Dividend, Derivative Income	1.20%
JNJ		2.30%
JPM		1.80%
LIN		2.70%
LOW		3.30%
MCD		3.90%
MDT		1.10%
MMM		1.40%
MSFT		3.90%
NEE		1.10%
PEP		3.30%
PG		2.10%
PPG		1.90%
SCHW		0.70%
SPGI		1.90%
SYK		3.90%
TER		2.80%
TXN		2.50%
UGI		3.40%
VTI		1.70%
VXUS		3.10%
VZ		0.50%
WMT		2.10%
WPC		3.10%

Benchmark

S&P 500

Rebalance portfolio

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in IDC-4-7-22, 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 Quarterly

IDC-4-7-22

Benchmark (^GSPC)

Portfolio components

The earliest data available for this chart is May 4, 2022, corresponding to the inception date of JEPQ

Returns By Period

	Year-To-Date	1 month	6 months	1 year	5 years (annualized)	10 years (annualized)
^GSPC S&P 500	15.73%	6.43%	8.14%	22.75%	13.18%	10.67%
IDC-4-7-22	13.68%	7.01%	10.26%	18.87%	N/A	N/A
Portfolio components:
VZ	19.59%	7.86%	11.04%	34.25%	N/A	N/A
SCHW	-4.76%	4.43%	-4.17%	10.30%	N/A	N/A
BAC Bank of America Corporation	21.87%	10.50%	15.04%	44.37%	10.48%	11.95%
BBVA Banco Bilbao Vizcaya Argentaria, S.A.	13.57%	4.18%	-1.93%	37.77%	21.87%	2.82%
BCS Barclays PLC	55.72%	12.27%	34.19%	63.40%	15.46%	0.76%
ADM Archer-Daniels-Midland Company	-12.71%	6.47%	15.33%	-19.58%	12.67%	4.90%
NEE	34.52%	4.91%	45.81%	24.43%	N/A	N/A
MDT	9.85%	10.74%	5.78%	14.75%	N/A	N/A
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	12.01%	6.56%	3.89%	19.10%	N/A	N/A
FRT Federal Realty Investment Trust	13.66%	4.44%	15.04%	23.97%	1.12%	2.63%
MMM	47.33%	5.57%	71.24%	53.11%	N/A	N/A
VTI	15.64%	6.74%	8.24%	23.80%	N/A	N/A
JPM	31.80%	13.03%	17.56%	55.54%	N/A	N/A
IBM International Business Machines Corporation	26.52%	10.76%	4.54%	41.28%	13.64%	5.42%
SPGI	16.65%	8.42%	20.34%	30.86%	N/A	N/A
PPG	-13.13%	7.78%	-7.71%	-4.32%	N/A	N/A
WMT	48.28%	14.50%	28.65%	46.40%	N/A	N/A
PG	21.34%	3.84%	10.74%	17.38%	N/A	N/A
ENB Enbridge Inc.	17.91%	9.63%	18.77%	22.71%	10.72%	3.52%
F Ford Motor Company	-4.91%	14.84%	-8.83%	-2.65%	7.95%	0.57%
JEPI JPMorgan Equity Premium Income ETF	10.71%	6.39%	5.67%	13.75%	N/A	N/A
JNJ	9.15%	4.45%	6.56%	7.32%	N/A	N/A
TXN	20.98%	11.39%	19.05%	22.61%	N/A	N/A
AFL Aflac Incorporated	36.20%	14.25%	35.90%	52.22%	19.42%	16.45%
CME CME Group Inc.	3.70%	9.52%	-0.59%	11.70%	3.17%	15.52%
LIN	16.14%	6.89%	2.88%	25.38%	N/A	N/A
TER	15.00%	7.00%	16.77%	17.19%	N/A	N/A
ESS Essex Property Trust, Inc.	24.47%	11.03%	27.16%	33.55%	2.05%	7.80%
ABT Abbott Laboratories	5.51%	5.31%	-3.15%	15.76%	7.74%	12.45%
ADP Automatic Data Processing, Inc.	19.50%	6.62%	14.21%	11.33%	12.09%	16.59%
CVX Chevron Corporation	-1.65%	-0.69%	-2.17%	-10.95%	8.47%	5.51%
WPC	-3.83%	7.93%	8.66%	3.22%	N/A	N/A
VXUS	8.75%	7.36%	5.66%	16.00%	N/A	N/A
CAG Conagra Brands, Inc.	17.09%	8.00%	18.65%	16.62%	6.27%	5.70%
ITW Illinois Tool Works Inc.	-3.57%	4.35%	-2.95%	5.42%	13.20%	13.59%
LOW	11.92%	3.56%	2.78%	8.73%	N/A	N/A
PEP	6.16%	2.01%	9.78%	4.32%	N/A	N/A
ABBV AbbVie Inc.	30.73%	6.86%	10.83%	40.06%	29.55%	18.24%
UGI	4.52%	4.10%	4.77%	5.73%	N/A	N/A
APD Air Products and Chemicals, Inc.	1.75%	-1.36%	14.60%	-3.62%	6.51%	11.13%
MCD	-1.96%	6.98%	-1.32%	4.76%	N/A	N/A
SYK	20.65%	13.83%	1.77%	26.89%	N/A	N/A
MSFT	9.48%	3.80%	2.20%	23.67%	N/A	N/A

Monthly Returns

The table below presents the monthly returns of IDC-4-7-22, 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
2024	-0.34%	2.49%	3.68%	-2.98%	3.12%	-0.25%	3.39%	4.86%					13.68%
2023	3.13%	-2.22%	1.64%	1.90%	-4.69%	6.59%	2.39%	-2.84%	-4.55%	-3.15%	7.00%	5.15%	9.79%
2022					-1.85%	-7.08%	6.94%	-3.47%	-8.10%	9.20%	7.71%	-3.03%	-1.32%

Expense Ratio

IDC-4-7-22 has an expense ratio of 0.01%, which is considered low compared to other funds. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

JEPI

JPMorgan Equity Premium Income ETF

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of IDC-4-7-22 is 38, suggesting that the investment has average results relative to other portfolios in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.

IDC-4-7-22

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.

IDC-4-7-22

^GSPC

Portfolio components

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
VZ	1.45	2.23	1.29	0.92	7.84
SCHW	0.31	0.63	1.08	0.21	0.88
BAC Bank of America Corporation	1.81	2.65	1.32	1.31	7.85
BBVA Banco Bilbao Vizcaya Argentaria, S.A.	1.27	1.67	1.23	1.89	4.72
BCS Barclays PLC	1.99	2.59	1.35	2.09	9.03
ADM Archer-Daniels-Midland Company	-0.62	-0.59	0.89	-0.44	-1.00
NEE	0.76	1.15	1.16	0.52	1.87
MDT	0.65	1.02	1.13	0.38	1.86
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	1.50	2.01	1.29	1.79	7.28
FRT Federal Realty Investment Trust	1.07	1.64	1.19	0.89	4.51
MMM	1.55	2.71	1.38	1.32	6.04
VTI	1.79	2.45	1.32	2.15	8.53
JPM	2.94	3.41	1.53	3.99	18.85
IBM International Business Machines Corporation	1.94	2.79	1.40	2.46	5.98
SPGI	1.72	2.34	1.33	1.54	5.58
PPG	-0.42	-0.45	0.95	-0.39	-0.83
WMT	2.47	3.38	1.52	4.18	12.21
PG	1.05	1.51	1.20	1.76	5.80
ENB Enbridge Inc.	1.29	1.79	1.24	0.78	5.08
F Ford Motor Company	-0.08	0.15	1.02	-0.09	-0.25
JEPI JPMorgan Equity Premium Income ETF	1.66	2.28	1.31	1.96	7.54
JNJ	0.49	0.81	1.10	0.43	1.27
TXN	0.89	1.38	1.17	0.97	3.77
AFL Aflac Incorporated	2.62	3.06	1.52	4.59	16.67
CME CME Group Inc.	0.68	1.04	1.13	0.99	2.16
LIN	1.45	1.99	1.29	1.98	4.56
TER	0.36	0.77	1.10	0.51	1.37
ESS Essex Property Trust, Inc.	1.48	2.17	1.25	1.00	6.06
ABT Abbott Laboratories	0.73	1.12	1.14	0.65	1.63
ADP Automatic Data Processing, Inc.	0.56	0.80	1.12	0.49	1.96
CVX Chevron Corporation	-0.47	-0.52	0.93	-0.44	-1.06
WPC	0.03	0.21	1.03	0.02	0.06
VXUS	1.18	1.71	1.21	1.26	5.81
CAG Conagra Brands, Inc.	0.75	1.27	1.14	0.46	3.18
ITW Illinois Tool Works Inc.	0.21	0.39	1.05	0.22	0.51
LOW	0.34	0.65	1.08	0.36	0.73
PEP	0.21	0.41	1.05	0.20	0.55
ABBV AbbVie Inc.	2.02	2.59	1.37	2.57	6.81
UGI	0.16	0.49	1.06	0.10	0.64
APD Air Products and Chemicals, Inc.	-0.18	-0.04	0.99	-0.17	-0.37
MCD	0.23	0.45	1.05	0.24	0.49
SYK	1.31	1.83	1.25	1.67	4.84
MSFT	1.28	1.75	1.22	1.65	5.24

Sharpe Ratio

The current IDC-4-7-22 Sharpe ratio is 1.70. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 1.44 to 2.04, this portfolio's current Sharpe ratio lies between the 25th and 75th percentiles. This indicates that the its risk-adjusted performance is in line with the majority of portfolios. This suggests a balanced approach to risk and return, which might be suitable for a broad range of investors.

Use the chart below to compare the Sharpe ratio of IDC-4-7-22 with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

IDC-4-7-22

Benchmark (^GSPC)

Portfolio components

Dividends

Dividend yield

IDC-4-7-22 granted a 3.02% dividend yield in the last twelve months.

	TTM	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
IDC-4-7-22	3.02%	3.33%	3.07%	2.38%	2.68%	2.51%	2.85%	2.37%	2.70%	2.72%	2.40%	2.42%
Portfolio components:
VZ	6.20%	6.96%	6.53%	4.85%	4.21%	3.95%	4.22%	4.39%	4.26%	4.79%	4.57%	4.22%
SCHW	1.54%	1.45%	1.01%	0.86%	1.36%	1.43%	1.11%	0.62%	0.68%	0.73%	0.79%	0.92%
BAC Bank of America Corporation	1.78%	2.73%	2.60%	1.75%	2.38%	1.87%	2.19%	1.32%	1.13%	1.19%	0.67%	0.26%
BBVA Banco Bilbao Vizcaya Argentaria, S.A.	5.89%	5.58%	6.28%	2.79%	3.53%	5.20%	5.67%	3.92%	6.02%	4.29%	5.71%	4.43%
BCS Barclays PLC	3.56%	4.84%	4.02%	1.61%	3.90%	3.76%	3.21%	1.40%	2.32%	3.02%	2.84%	2.05%
ADM Archer-Daniels-Midland Company	3.17%	2.49%	1.72%	2.19%	2.86%	3.02%	3.27%	3.19%	2.63%	3.05%	1.85%	1.75%
NEE	2.52%	3.08%	2.03%	1.65%	1.81%	2.06%	2.55%	2.52%	2.91%	2.96%	2.73%	3.08%
MDT	3.11%	3.34%	3.44%	2.39%	1.95%	1.87%	2.15%	2.24%	2.34%	1.88%	1.66%	1.92%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	9.70%	10.02%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FRT Federal Realty Investment Trust	3.80%	4.21%	4.26%	3.12%	4.96%	3.22%	3.42%	2.98%	2.70%	2.48%	2.47%	2.98%
MMM	2.99%	5.49%	4.97%	3.33%	3.36%	3.26%	2.85%	2.00%	2.49%	2.72%	2.08%	1.81%
VTI	1.34%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%	1.76%	1.74%
JPM	2.00%	2.38%	2.98%	2.34%	2.83%	2.37%	2.54%	1.91%	2.13%	2.54%	2.49%	2.33%
IBM International Business Machines Corporation	3.31%	4.05%	4.68%	4.74%	5.17%	4.79%	5.46%	3.84%	3.31%	3.63%	2.65%	1.97%
SPGI	0.71%	0.82%	0.99%	0.65%	0.82%	0.84%	1.18%	0.97%	1.34%	1.34%	1.35%	1.43%
PPG	2.06%	1.70%	1.92%	1.31%	1.46%	1.48%	1.82%	1.46%	1.65%	1.43%	1.13%	1.28%
WMT	1.05%	1.45%	1.58%	1.52%	1.50%	1.78%	2.23%	2.07%	2.89%	3.20%	2.24%	2.39%
PG	2.23%	2.55%	2.38%	2.08%	2.24%	2.37%	3.09%	2.98%	3.18%	3.31%	2.78%	2.91%
ENB Enbridge Inc.	6.63%	7.29%	6.78%	6.86%	7.54%	5.57%	6.69%	4.73%	3.78%	4.41%	2.47%	2.82%
F Ford Motor Company	7.08%	10.20%	4.03%	0.45%	1.60%	6.05%	9.18%	5.20%	7.01%	4.26%	3.23%	2.35%
JEPI JPMorgan Equity Premium Income ETF	7.22%	8.40%	11.68%	6.59%	5.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JNJ	2.91%	3.00%	2.52%	2.45%	2.53%	2.57%	2.74%	2.38%	2.73%	2.87%	2.64%	2.83%
TXN	2.58%	2.94%	2.84%	2.23%	2.27%	2.50%	2.78%	2.03%	2.25%	2.55%	2.32%	2.44%
AFL Aflac Incorporated	1.74%	2.04%	2.22%	2.26%	2.52%	2.04%	2.28%	1.98%	2.39%	2.64%	2.46%	2.13%
CME CME Group Inc.	4.51%	4.58%	5.05%	3.00%	3.24%	2.74%	2.42%	4.20%	4.90%	5.41%	4.38%	5.61%
LIN	1.15%	1.24%	1.43%	1.22%	1.46%	1.64%	2.11%	2.04%	2.56%	2.79%	2.01%	1.85%
TER	0.28%	0.41%	0.50%	0.24%	0.33%	0.53%	1.15%	0.67%	0.94%	1.16%	0.91%	0.00%
ESS Essex Property Trust, Inc.	3.15%	3.73%	4.15%	2.37%	3.50%	2.59%	3.03%	2.90%	2.75%	2.41%	2.47%	3.37%
ABT Abbott Laboratories	1.89%	1.85%	1.71%	1.28%	1.32%	1.47%	1.55%	1.86%	2.71%	2.14%	1.95%	1.46%
ADP Automatic Data Processing, Inc.	1.98%	2.21%	1.83%	1.55%	2.08%	1.92%	2.14%	2.00%	2.10%	2.36%	2.11%	2.22%
CVX Chevron Corporation	4.50%	4.05%	3.16%	4.52%	6.11%	3.95%	4.12%	3.45%	3.64%	4.76%	3.75%	3.12%
WPC	6.03%	6.17%	5.43%	5.12%	5.91%	5.17%	6.26%	5.82%	6.65%	6.48%	5.26%	5.70%
VXUS	2.97%	3.24%	3.09%	3.10%	2.14%	3.06%	3.18%	2.73%	2.93%	2.83%	3.40%	2.70%
CAG Conagra Brands, Inc.	4.32%	4.75%	3.32%	3.44%	2.52%	2.48%	3.98%	2.19%	1.97%	2.37%	2.76%	2.97%
ITW Illinois Tool Works Inc.	2.24%	2.07%	2.30%	1.91%	2.17%	2.30%	2.81%	1.71%	1.96%	2.23%	1.91%	1.90%
LOW	1.81%	1.93%	1.86%	1.08%	1.40%	1.72%	1.93%	1.64%	1.77%	1.34%	1.19%	1.37%
PEP	2.19%	2.91%	2.50%	2.45%	2.71%	2.77%	3.25%	2.64%	2.83%	2.76%	2.68%	2.70%
ABBV AbbVie Inc.	3.11%	3.82%	3.49%	3.84%	4.41%	4.83%	3.89%	2.65%	3.64%	3.41%	2.54%	3.03%
UGI	6.02%	6.04%	3.84%	2.97%	3.76%	2.68%	1.93%	2.10%	2.04%	2.67%	2.16%	2.70%
APD Air Products and Chemicals, Inc.	2.56%	2.56%	2.10%	1.97%	1.96%	1.97%	2.75%	2.32%	2.90%	2.49%	2.13%	2.54%
MCD	2.34%	2.10%	2.15%	1.96%	2.35%	2.39%	2.36%	2.23%	2.97%	2.91%	3.50%	3.22%
SYK	0.88%	1.02%	1.16%	0.97%	0.96%	1.02%	1.23%	1.13%	1.31%	1.52%	1.34%	1.46%
MSFT	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%	2.48%	2.59%

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.

IDC-4-7-22

Benchmark (^GSPC)

Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the IDC-4-7-22. 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 IDC-4-7-22 was 14.70%, occurring on Sep 30, 2022. Recovery took 39 trading sessions.

The current IDC-4-7-22 drawdown is 0.82%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-14.7%	Aug 17, 2022	32	Sep 30, 2022	39	Nov 25, 2022	71
-12.45%	Jul 27, 2023	66	Oct 27, 2023	40	Dec 26, 2023	106
-11.74%	May 5, 2022	31	Jun 17, 2022	38	Aug 12, 2022	69
-6.68%	Feb 3, 2023	25	Mar 10, 2023	67	Jun 15, 2023	92
-4.96%	Apr 1, 2024	12	Apr 16, 2024	21	May 15, 2024	33

Volatility

Volatility Chart

The current IDC-4-7-22 volatility is 2.64%, 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.

IDC-4-7-22

Benchmark (^GSPC)

Portfolio components

Diversification

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	CME	ABBV	CAG	VZ	CVX	WMT	JNJ	PEP	ADM	PG	MSFT	MCD	SCHW	BBVA	TER	NEE	BCS	WPC	IBM	MDT	UGI	SYK	ESS	ABT	F	TXN	LOW	ENB	MMM	AFL	APD	LIN	JEPQ	JPM	FRT	ADP	BAC	SPGI	PPG	ITW	VXUS	VTI	JEPI
CME	1.00	0.23	0.19	0.19	0.11	0.25	0.27	0.29	0.15	0.30	0.22	0.27	0.18	0.19	0.09	0.24	0.21	0.24	0.20	0.20	0.19	0.28	0.27	0.30	0.19	0.12	0.12	0.20	0.15	0.30	0.23	0.25	0.22	0.32	0.23	0.31	0.23	0.33	0.21	0.23	0.20	0.27	0.35
ABBV	0.23	1.00	0.30	0.25	0.21	0.26	0.48	0.38	0.19	0.42	0.10	0.34	0.18	0.18	0.11	0.23	0.16	0.29	0.30	0.34	0.25	0.37	0.23	0.38	0.16	0.15	0.25	0.27	0.26	0.32	0.24	0.26	0.18	0.30	0.28	0.35	0.25	0.23	0.24	0.25	0.21	0.26	0.43
CAG	0.19	0.30	1.00	0.33	0.16	0.30	0.40	0.57	0.30	0.49	0.08	0.40	0.23	0.17	0.03	0.36	0.15	0.34	0.26	0.30	0.35	0.21	0.27	0.29	0.20	0.12	0.24	0.31	0.28	0.33	0.29	0.23	0.10	0.27	0.30	0.33	0.26	0.23	0.26	0.28	0.17	0.20	0.40
VZ	0.19	0.25	0.33	1.00	0.22	0.21	0.36	0.33	0.25	0.34	0.14	0.24	0.21	0.25	0.08	0.32	0.25	0.33	0.33	0.30	0.41	0.24	0.32	0.34	0.22	0.20	0.29	0.34	0.31	0.29	0.29	0.24	0.17	0.29	0.35	0.26	0.35	0.22	0.28	0.30	0.27	0.28	0.37
CVX	0.11	0.21	0.16	0.22	1.00	0.18	0.18	0.15	0.51	0.14	0.15	0.23	0.35	0.34	0.26	0.27	0.41	0.28	0.30	0.21	0.38	0.18	0.22	0.17	0.38	0.28	0.26	0.56	0.28	0.39	0.33	0.33	0.22	0.42	0.31	0.27	0.43	0.20	0.26	0.38	0.41	0.38	0.39
WMT	0.25	0.26	0.30	0.21	0.18	1.00	0.30	0.47	0.24	0.45	0.30	0.35	0.21	0.21	0.21	0.29	0.17	0.26	0.31	0.32	0.28	0.38	0.31	0.31	0.29	0.24	0.32	0.28	0.28	0.34	0.30	0.34	0.35	0.31	0.29	0.33	0.28	0.36	0.31	0.34	0.29	0.41	0.47
JNJ	0.27	0.48	0.40	0.36	0.18	0.30	1.00	0.50	0.27	0.47	0.17	0.44	0.14	0.19	0.09	0.33	0.17	0.33	0.32	0.44	0.34	0.33	0.30	0.48	0.20	0.18	0.27	0.30	0.33	0.32	0.30	0.31	0.14	0.29	0.29	0.40	0.27	0.34	0.28	0.32	0.22	0.27	0.44
PEP	0.29	0.38	0.57	0.33	0.15	0.47	0.50	1.00	0.34	0.67	0.27	0.53	0.23	0.19	0.11	0.43	0.13	0.39	0.32	0.41	0.33	0.36	0.32	0.44	0.21	0.22	0.32	0.35	0.30	0.34	0.38	0.36	0.29	0.24	0.35	0.47	0.24	0.39	0.33	0.33	0.27	0.35	0.55
ADM	0.15	0.19	0.30	0.25	0.51	0.24	0.27	0.34	1.00	0.30	0.19	0.31	0.40	0.35	0.27	0.33	0.40	0.36	0.38	0.30	0.42	0.24	0.28	0.25	0.38	0.32	0.35	0.47	0.39	0.45	0.37	0.36	0.27	0.44	0.36	0.38	0.47	0.29	0.36	0.46	0.43	0.39	0.47
PG	0.30	0.42	0.49	0.34	0.14	0.45	0.47	0.67	0.30	1.00	0.28	0.53	0.20	0.21	0.13	0.46	0.16	0.32	0.34	0.42	0.33	0.45	0.31	0.47	0.17	0.23	0.31	0.35	0.34	0.33	0.41	0.41	0.26	0.27	0.33	0.43	0.24	0.37	0.34	0.38	0.29	0.34	0.54
MSFT	0.22	0.10	0.08	0.14	0.15	0.30	0.17	0.27	0.19	0.28	1.00	0.30	0.30	0.37	0.56	0.29	0.30	0.22	0.37	0.31	0.21	0.46	0.34	0.35	0.39	0.55	0.40	0.26	0.33	0.31	0.34	0.45	0.83	0.32	0.30	0.43	0.32	0.57	0.41	0.39	0.55	0.75	0.56
MCD	0.27	0.34	0.40	0.24	0.23	0.35	0.44	0.53	0.31	0.53	0.30	1.00	0.26	0.28	0.20	0.40	0.23	0.39	0.34	0.40	0.29	0.38	0.27	0.45	0.28	0.28	0.35	0.35	0.32	0.41	0.37	0.39	0.32	0.38	0.35	0.45	0.30	0.41	0.36	0.40	0.35	0.40	0.57
SCHW	0.18	0.18	0.23	0.21	0.35	0.21	0.14	0.23	0.40	0.20	0.30	0.26	1.00	0.41	0.40	0.34	0.41	0.37	0.38	0.25	0.36	0.27	0.39	0.26	0.45	0.44	0.41	0.39	0.41	0.51	0.38	0.40	0.40	0.55	0.46	0.40	0.63	0.37	0.42	0.45	0.47	0.54	0.51
BBVA	0.19	0.18	0.17	0.25	0.34	0.21	0.19	0.19	0.35	0.21	0.37	0.28	0.41	1.00	0.41	0.28	0.67	0.30	0.36	0.31	0.32	0.34	0.30	0.34	0.40	0.41	0.35	0.43	0.36	0.45	0.36	0.44	0.47	0.54	0.37	0.34	0.53	0.39	0.45	0.46	0.66	0.55	0.49
TER	0.09	0.11	0.03	0.08	0.26	0.21	0.09	0.11	0.27	0.13	0.56	0.20	0.40	0.41	1.00	0.25	0.41	0.28	0.38	0.30	0.28	0.42	0.38	0.32	0.50	0.81	0.47	0.35	0.42	0.29	0.44	0.47	0.74	0.41	0.39	0.43	0.43	0.51	0.55	0.53	0.67	0.76	0.55
NEE	0.24	0.23	0.36	0.32	0.27	0.29	0.33	0.43	0.33	0.46	0.29	0.40	0.34	0.28	0.25	1.00	0.29	0.41	0.31	0.37	0.51	0.34	0.44	0.38	0.35	0.33	0.42	0.51	0.40	0.38	0.46	0.41	0.33	0.32	0.44	0.39	0.35	0.44	0.42	0.42	0.43	0.45	0.57
BCS	0.21	0.16	0.15	0.25	0.41	0.17	0.17	0.13	0.40	0.16	0.30	0.23	0.41	0.67	0.41	0.29	1.00	0.31	0.33	0.35	0.43	0.28	0.35	0.33	0.50	0.40	0.36	0.50	0.41	0.46	0.37	0.40	0.42	0.59	0.45	0.32	0.64	0.41	0.46	0.45	0.67	0.55	0.47
WPC	0.24	0.29	0.34	0.33	0.28	0.26	0.33	0.39	0.36	0.32	0.22	0.39	0.37	0.30	0.28	0.41	0.31	1.00	0.43	0.40	0.48	0.32	0.59	0.37	0.41	0.36	0.40	0.45	0.41	0.35	0.41	0.36	0.30	0.36	0.68	0.44	0.41	0.45	0.40	0.45	0.42	0.44	0.54
IBM	0.20	0.30	0.26	0.33	0.30	0.31	0.32	0.32	0.38	0.34	0.37	0.34	0.38	0.36	0.38	0.31	0.33	0.43	1.00	0.33	0.41	0.37	0.35	0.38	0.41	0.46	0.41	0.40	0.41	0.43	0.39	0.43	0.46	0.45	0.43	0.46	0.46	0.44	0.40	0.52	0.45	0.55	0.59
MDT	0.20	0.34	0.30	0.30	0.21	0.32	0.44	0.41	0.30	0.42	0.31	0.40	0.25	0.31	0.30	0.37	0.35	0.40	0.33	1.00	0.42	0.58	0.40	0.63	0.38	0.34	0.35	0.38	0.46	0.36	0.43	0.40	0.39	0.39	0.41	0.46	0.43	0.47	0.48	0.44	0.45	0.50	0.54
UGI	0.19	0.25	0.35	0.41	0.38	0.28	0.34	0.33	0.42	0.33	0.21	0.29	0.36	0.32	0.28	0.51	0.43	0.48	0.41	0.42	1.00	0.31	0.46	0.36	0.47	0.36	0.40	0.55	0.52	0.43	0.42	0.34	0.28	0.40	0.53	0.40	0.52	0.39	0.44	0.50	0.45	0.47	0.51
SYK	0.28	0.37	0.21	0.24	0.18	0.38	0.33	0.36	0.24	0.45	0.46	0.38	0.27	0.34	0.42	0.34	0.28	0.32	0.37	0.58	0.31	1.00	0.40	0.62	0.35	0.43	0.41	0.35	0.35	0.35	0.44	0.48	0.55	0.37	0.39	0.42	0.35	0.55	0.48	0.44	0.48	0.60	0.61
ESS	0.27	0.23	0.27	0.32	0.22	0.31	0.30	0.32	0.28	0.31	0.34	0.27	0.39	0.30	0.38	0.44	0.35	0.59	0.35	0.40	0.46	0.40	1.00	0.41	0.44	0.41	0.46	0.41	0.43	0.38	0.44	0.34	0.41	0.43	0.67	0.44	0.47	0.51	0.48	0.47	0.47	0.55	0.56
ABT	0.30	0.38	0.29	0.34	0.17	0.31	0.48	0.44	0.25	0.47	0.35	0.45	0.26	0.34	0.32	0.38	0.33	0.37	0.38	0.63	0.36	0.62	0.41	1.00	0.37	0.36	0.41	0.37	0.39	0.34	0.42	0.46	0.40	0.40	0.39	0.52	0.39	0.48	0.45	0.44	0.44	0.50	0.57
F	0.19	0.16	0.20	0.22	0.38	0.29	0.20	0.21	0.38	0.17	0.39	0.28	0.45	0.40	0.50	0.35	0.50	0.41	0.41	0.38	0.47	0.35	0.44	0.37	1.00	0.52	0.54	0.49	0.48	0.43	0.41	0.37	0.51	0.49	0.53	0.42	0.56	0.49	0.57	0.52	0.57	0.65	0.53
TXN	0.12	0.15	0.12	0.20	0.28	0.24	0.18	0.22	0.32	0.23	0.55	0.28	0.44	0.41	0.81	0.33	0.40	0.36	0.46	0.34	0.36	0.43	0.41	0.36	0.52	1.00	0.49	0.39	0.49	0.33	0.46	0.46	0.70	0.42	0.44	0.50	0.44	0.51	0.54	0.56	0.64	0.74	0.60
LOW	0.12	0.25	0.24	0.29	0.26	0.32	0.27	0.32	0.35	0.31	0.40	0.35	0.41	0.35	0.47	0.42	0.36	0.40	0.41	0.35	0.40	0.41	0.46	0.41	0.54	0.49	1.00	0.41	0.53	0.38	0.43	0.42	0.52	0.41	0.51	0.47	0.47	0.54	0.59	0.58	0.51	0.64	0.62
ENB	0.20	0.27	0.31	0.34	0.56	0.28	0.30	0.35	0.47	0.35	0.26	0.35	0.39	0.43	0.35	0.51	0.50	0.45	0.40	0.38	0.55	0.35	0.41	0.37	0.49	0.39	0.41	1.00	0.45	0.46	0.46	0.44	0.37	0.46	0.50	0.37	0.52	0.43	0.44	0.46	0.63	0.53	0.56
MMM	0.15	0.26	0.28	0.31	0.28	0.28	0.33	0.30	0.39	0.34	0.33	0.32	0.41	0.36	0.42	0.40	0.41	0.41	0.41	0.46	0.52	0.35	0.43	0.39	0.48	0.49	0.53	0.45	1.00	0.42	0.47	0.42	0.42	0.49	0.51	0.45	0.51	0.48	0.53	0.58	0.54	0.58	0.57
AFL	0.30	0.32	0.33	0.29	0.39	0.34	0.32	0.34	0.45	0.33	0.31	0.41	0.51	0.45	0.29	0.38	0.46	0.35	0.43	0.36	0.43	0.35	0.38	0.34	0.43	0.33	0.38	0.46	0.42	1.00	0.45	0.49	0.39	0.63	0.47	0.49	0.61	0.44	0.48	0.54	0.48	0.54	0.61
APD	0.23	0.24	0.29	0.29	0.33	0.30	0.30	0.38	0.37	0.41	0.34	0.37	0.38	0.36	0.44	0.46	0.37	0.41	0.39	0.43	0.42	0.44	0.44	0.42	0.41	0.46	0.43	0.46	0.47	0.45	1.00	0.66	0.44	0.44	0.47	0.48	0.45	0.50	0.56	0.55	0.54	0.58	0.61
LIN	0.25	0.26	0.23	0.24	0.33	0.34	0.31	0.36	0.36	0.41	0.45	0.39	0.40	0.44	0.47	0.41	0.40	0.36	0.43	0.40	0.34	0.48	0.34	0.46	0.37	0.46	0.42	0.44	0.42	0.49	0.66	1.00	0.52	0.48	0.39	0.50	0.42	0.53	0.59	0.56	0.59	0.61	0.65
JEPQ	0.22	0.18	0.10	0.17	0.22	0.35	0.14	0.29	0.27	0.26	0.83	0.32	0.40	0.47	0.74	0.33	0.42	0.30	0.46	0.39	0.28	0.55	0.41	0.40	0.51	0.70	0.52	0.37	0.42	0.39	0.44	0.52	1.00	0.45	0.40	0.50	0.44	0.62	0.55	0.50	0.70	0.91	0.71
JPM	0.32	0.30	0.27	0.29	0.42	0.31	0.29	0.24	0.44	0.27	0.32	0.38	0.55	0.54	0.41	0.32	0.59	0.36	0.45	0.39	0.40	0.37	0.43	0.40	0.49	0.42	0.41	0.46	0.49	0.63	0.44	0.48	0.45	1.00	0.50	0.46	0.79	0.44	0.51	0.57	0.55	0.61	0.60
FRT	0.23	0.28	0.30	0.35	0.31	0.29	0.29	0.35	0.36	0.33	0.30	0.35	0.46	0.37	0.39	0.44	0.45	0.68	0.43	0.41	0.53	0.39	0.67	0.39	0.53	0.44	0.51	0.50	0.51	0.47	0.47	0.39	0.40	0.50	1.00	0.47	0.56	0.51	0.55	0.55	0.53	0.57	0.60
ADP	0.31	0.35	0.33	0.26	0.27	0.33	0.40	0.47	0.38	0.43	0.43	0.45	0.40	0.34	0.43	0.39	0.32	0.44	0.46	0.46	0.40	0.42	0.44	0.52	0.42	0.50	0.47	0.37	0.45	0.49	0.48	0.50	0.50	0.46	0.47	1.00	0.45	0.55	0.52	0.55	0.47	0.61	0.69
BAC	0.23	0.25	0.26	0.35	0.43	0.28	0.27	0.24	0.47	0.24	0.32	0.30	0.63	0.53	0.43	0.35	0.64	0.41	0.46	0.43	0.52	0.35	0.47	0.39	0.56	0.44	0.47	0.52	0.51	0.61	0.45	0.42	0.44	0.79	0.56	0.45	1.00	0.46	0.55	0.56	0.60	0.63	0.57
SPGI	0.33	0.23	0.23	0.22	0.20	0.36	0.34	0.39	0.29	0.37	0.57	0.41	0.37	0.39	0.51	0.44	0.41	0.45	0.44	0.47	0.39	0.55	0.51	0.48	0.49	0.51	0.54	0.43	0.48	0.44	0.50	0.53	0.62	0.44	0.51	0.55	0.46	1.00	0.57	0.57	0.59	0.71	0.69
PPG	0.21	0.24	0.26	0.28	0.26	0.31	0.28	0.33	0.36	0.34	0.41	0.36	0.42	0.45	0.55	0.42	0.46	0.40	0.40	0.48	0.44	0.48	0.48	0.45	0.57	0.54	0.59	0.44	0.53	0.48	0.56	0.59	0.55	0.51	0.55	0.52	0.55	0.57	1.00	0.65	0.62	0.68	0.65
ITW	0.23	0.25	0.28	0.30	0.38	0.34	0.32	0.33	0.46	0.38	0.39	0.40	0.45	0.46	0.53	0.42	0.45	0.45	0.52	0.44	0.50	0.44	0.47	0.44	0.52	0.56	0.58	0.46	0.58	0.54	0.55	0.56	0.50	0.57	0.55	0.55	0.56	0.57	0.65	1.00	0.60	0.66	0.69
VXUS	0.20	0.21	0.17	0.27	0.41	0.29	0.22	0.27	0.43	0.29	0.55	0.35	0.47	0.66	0.67	0.43	0.67	0.42	0.45	0.45	0.45	0.48	0.47	0.44	0.57	0.64	0.51	0.63	0.54	0.48	0.54	0.59	0.70	0.55	0.53	0.47	0.60	0.59	0.62	0.60	1.00	0.81	0.69
VTI	0.27	0.26	0.20	0.28	0.38	0.41	0.27	0.35	0.39	0.34	0.75	0.40	0.54	0.55	0.76	0.45	0.55	0.44	0.55	0.50	0.47	0.60	0.55	0.50	0.65	0.74	0.64	0.53	0.58	0.54	0.58	0.61	0.91	0.61	0.57	0.61	0.63	0.71	0.68	0.66	0.81	1.00	0.82
JEPI	0.35	0.43	0.40	0.37	0.39	0.47	0.44	0.55	0.47	0.54	0.56	0.57	0.51	0.49	0.55	0.57	0.47	0.54	0.59	0.54	0.51	0.61	0.56	0.57	0.53	0.60	0.62	0.56	0.57	0.61	0.61	0.65	0.71	0.60	0.60	0.69	0.57	0.69	0.65	0.69	0.69	0.82	1.00

The correlation results are calculated based on daily price changes starting from May 5, 2022