Pegaz

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

Pegaz

Last updated Jul 25, 2024

Asset Allocation

Position	Category/Sector	Weight
AAPL Apple Inc	Technology	2%
ABBV AbbVie Inc.	Healthcare	2%
AMGN Amgen Inc.	Healthcare	2%
AMT American Tower Corporation	Real Estate	2%
APD Air Products and Chemicals, Inc.	Basic Materials	2%
AVGO Broadcom Inc.	Technology	2%
AWK American Water Works Company, Inc.	Utilities	2%
AWR American States Water Company	Utilities	2%
AXP American Express Company	Financial Services	2%
BLK BlackRock, Inc.	Financial Services	2%
CAT Caterpillar Inc.	Industrials	2%
CVX Chevron Corporation	Energy	2%
DUK Duke Energy Corporation	Utilities	2%
GD General Dynamics Corporation		2%
HD The Home Depot, Inc.	Consumer Cyclical	2%
INTU Intuit Inc.	Technology	2%
JNJ Johnson & Johnson	Healthcare	2%
KO The Coca-Cola Company	Consumer Defensive	2%
KR The Kroger Co.	Consumer Defensive	2%
LOW Lowe's Companies, Inc.	Consumer Cyclical	2%
MA		2%
MAIN		1%
MO		1%
MSCI		2%
MSFT		2%
NEE		2%
O		2%
PG		2%
QCOM		2%
SO		2%
TGT		2%
TROW		2%
TXN		2%
UNH		2%
UNP		2%
UPS		2%
V		2%
VICI		2%
VOW3.DE		1%
VUSA.AS		22%
VZ		1%
XOM		2%

Benchmark

S&P 500

Rebalance portfolio

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Pegaz, 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

Pegaz

Benchmark (^GSPC)

Portfolio components

The earliest data available for this chart is Dec 10, 2012, corresponding to the inception date of ABBV

Returns By Period

	Year-To-Date	1 month	6 months	1 year	5 years (annualized)	10 years (annualized)
^GSPC S&P 500	13.20%	-1.28%	10.32%	18.23%	12.31%	10.58%
Pegaz	11.49%	2.28%	10.19%	16.16%	14.95%	N/A
Portfolio components:
KO The Coca-Cola Company	13.89%	3.15%	13.05%	9.20%	7.15%	8.38%
MO	28.96%	7.42%	29.41%	19.40%	8.22%	N/A
TGT	4.19%	-0.60%	4.11%	12.42%	13.15%	N/A
PG	16.05%	0.27%	8.23%	12.50%	10.22%	N/A
VOW3.DE	-0.57%	1.40%	-1.98%	-7.57%	-0.15%	N/A
HD The Home Depot, Inc.	3.27%	3.36%	0.72%	9.97%	12.62%	18.62%
LOW Lowe's Companies, Inc.	7.04%	7.83%	11.82%	2.01%	19.40%	19.44%
JNJ Johnson & Johnson	3.45%	8.73%	1.66%	-5.21%	6.80%	7.49%
ABBV AbbVie Inc.	20.88%	7.42%	12.87%	27.11%	26.62%	17.79%
VZ	11.29%	-1.01%	-2.69%	27.73%	-1.67%	N/A
O	2.84%	9.43%	7.43%	-2.29%	1.40%	N/A
UNP	-3.14%	5.25%	-1.03%	3.68%	8.34%	N/A
CAT Caterpillar Inc.	17.89%	5.81%	15.87%	35.64%	23.11%	15.83%
UPS	-17.36%	-8.01%	-18.43%	-28.88%	4.32%	N/A
GD General Dynamics Corporation	13.77%	-0.71%	10.87%	35.21%	11.30%	11.72%
NEE	22.81%	0.10%	27.55%	3.34%	9.28%	N/A
DUK Duke Energy Corporation	13.22%	7.61%	14.60%	19.02%	8.52%	8.23%
SO	18.77%	4.41%	20.50%	16.65%	12.08%	N/A
QCOM	22.38%	-11.12%	17.44%	42.54%	20.66%	N/A
TXN	17.41%	2.10%	21.97%	14.44%	11.76%	N/A
AVGO Broadcom Inc.	34.71%	-6.24%	24.80%	69.98%	40.85%	40.04%
MSFT	11.67%	-7.47%	3.96%	27.50%	24.72%	N/A
AAPL Apple Inc	13.26%	1.99%	13.33%	13.16%	33.14%	25.86%
V	-2.18%	-7.26%	-4.95%	9.07%	7.22%	N/A
AXP American Express Company	29.40%	4.43%	19.96%	48.79%	14.83%	11.74%
APD Air Products and Chemicals, Inc.	-4.19%	-1.24%	0.17%	-12.30%	4.64%	10.16%
XOM	19.51%	2.64%	16.00%	15.32%	14.67%	N/A
CVX Chevron Corporation	7.85%	1.02%	7.86%	2.79%	9.44%	6.10%
VICI	-1.55%	8.90%	3.24%	0.94%	12.79%	N/A
UNH	7.18%	15.63%	12.14%	12.50%	18.47%	N/A
KR The Kroger Co.	17.99%	7.96%	16.49%	13.54%	26.25%	12.00%
TROW	9.55%	-0.88%	7.16%	3.10%	3.79%	N/A
AMGN Amgen Inc.	17.81%	6.87%	8.83%	46.05%	16.82%	13.70%
MAIN	22.82%	2.19%	15.24%	31.01%	11.71%	N/A
MA	1.17%	-4.89%	-1.76%	9.54%	9.14%	N/A
INTU Intuit Inc.	0.64%	-1.61%	-2.07%	26.90%	17.40%	23.49%
MSCI	-4.27%	10.54%	-1.42%	-1.67%	18.41%	N/A
BLK BlackRock, Inc.	4.37%	6.23%	7.62%	17.84%	14.36%	13.08%
AWR American States Water Company	2.18%	13.19%	9.36%	-4.21%	2.86%	12.25%
AWK American Water Works Company, Inc.	7.37%	8.12%	15.06%	-3.54%	5.68%	13.28%
AMT American Tower Corporation	-1.07%	8.95%	8.25%	12.54%	2.96%	11.01%
VUSA.AS	15.28%	-0.24%	11.82%	20.20%	13.64%	N/A

Monthly Returns

The table below presents the monthly returns of Pegaz, 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	0.74%	2.77%	3.75%	-3.45%	3.90%	1.35%							11.49%
2023	4.10%	-3.21%	2.98%	0.60%	-2.87%	5.30%	3.76%	-2.19%	-4.67%	-2.54%	8.39%	5.20%	14.79%
2022	-4.02%	-2.33%	4.78%	-5.83%	0.17%	-6.66%	8.12%	-3.18%	-9.15%	9.00%	6.29%	-3.60%	-8.15%
2021	-0.70%	2.32%	6.27%	4.69%	1.09%	1.69%	3.08%	1.91%	-5.01%	7.04%	-0.92%	6.59%	31.07%
2020	0.56%	-8.21%	-10.24%	11.07%	5.28%	2.04%	5.46%	6.35%	-2.13%	-3.04%	10.26%	3.27%	19.81%
2019	5.79%	4.07%	2.76%	4.31%	-5.49%	6.38%	1.59%	1.61%	0.99%	2.21%	3.84%	2.55%	34.62%
2018	4.33%	-3.99%	-2.25%	1.36%	3.10%	0.61%	3.38%	2.79%	1.32%	-5.66%	3.36%	-6.84%	0.69%
2017										0.52%	4.79%	1.38%	6.79%

Expense Ratio

Pegaz has an expense ratio of 0.02%, 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.

The portfolio doesn't hold funds that charge fees

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of Pegaz is 61, 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.

Pegaz

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.

Pegaz

^GSPC

Portfolio components

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
KO The Coca-Cola Company	0.83	1.23	1.16	0.61	2.59
MO	1.34	1.78	1.28	1.08	5.21
TGT	0.43	1.00	1.12	0.24	1.34
PG	0.67	1.04	1.13	0.94	2.60
VOW3.DE	-0.24	-0.19	0.98	-0.11	-0.63
HD The Home Depot, Inc.	0.50	0.87	1.10	0.33	1.07
LOW Lowe's Companies, Inc.	0.25	0.53	1.06	0.21	0.54
JNJ Johnson & Johnson	-0.23	-0.23	0.97	-0.19	-0.36
ABBV AbbVie Inc.	1.48	1.98	1.28	1.70	4.67
VZ	1.35	2.15	1.28	0.72	6.85
O	0.15	0.34	1.04	0.08	0.29
UNP	0.28	0.55	1.06	0.19	0.70
CAT Caterpillar Inc.	1.00	1.43	1.19	1.15	3.04
UPS	-1.01	-1.25	0.81	-0.68	-1.67
GD General Dynamics Corporation	1.84	3.01	1.38	2.27	15.59
NEE	0.27	0.55	1.08	0.18	0.64
DUK Duke Energy Corporation	1.48	2.16	1.26	1.14	5.79
SO	1.40	2.04	1.25	1.29	5.75
QCOM	1.59	2.10	1.29	1.21	8.00
TXN	0.79	1.27	1.15	0.69	2.91
AVGO Broadcom Inc.	1.83	2.56	1.32	3.95	11.33
MSFT	1.50	2.02	1.26	2.24	9.55
AAPL Apple Inc	0.64	1.06	1.13	0.87	1.95
V	0.50	0.74	1.10	0.57	1.65
AXP American Express Company	2.24	3.10	1.42	1.72	9.44
APD Air Products and Chemicals, Inc.	-0.20	-0.07	0.99	-0.18	-0.40
XOM	0.68	1.10	1.13	0.72	1.42
CVX Chevron Corporation	0.14	0.32	1.04	0.13	0.32
VICI	0.19	0.41	1.05	0.20	0.45
UNH	0.58	0.97	1.13	0.63	1.66
KR The Kroger Co.	0.51	0.93	1.12	0.72	1.39
TROW	0.14	0.36	1.04	0.06	0.37
AMGN Amgen Inc.	2.01	3.09	1.39	2.69	6.43
MAIN	2.28	3.21	1.40	3.20	10.36
MA	0.66	0.93	1.13	0.79	1.93
INTU Intuit Inc.	1.05	1.47	1.20	0.89	4.75
MSCI	0.00	0.20	1.03	0.00	0.01
BLK BlackRock, Inc.	1.10	1.66	1.20	0.60	3.51
AWR American States Water Company	-0.16	-0.10	0.99	-0.10	-0.25
AWK American Water Works Company, Inc.	0.04	0.22	1.02	0.02	0.07
AMT American Tower Corporation	0.69	1.20	1.14	0.38	1.71
VUSA.AS	2.12	3.10	1.39	1.89	9.54

Sharpe Ratio

The current Pegaz Sharpe ratio is 1.73. 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 1.24 to 1.94, 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 Pegaz 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.

Pegaz

Benchmark (^GSPC)

Portfolio components

Dividends

Dividend yield

Pegaz granted a 2.38% dividend yield in the last twelve months.

	TTM	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Pegaz	2.38%	2.50%	2.87%	2.02%	2.35%	2.30%	2.65%	2.18%	2.32%	2.51%	2.07%	2.08%
Portfolio components:
KO The Coca-Cola Company	2.86%	3.12%	2.77%	2.84%	2.99%	2.89%	3.29%	3.23%	3.38%	3.07%	2.89%	2.71%
MO	7.87%	9.52%	8.05%	7.43%	8.29%	6.57%	6.07%	3.56%	3.48%	3.73%	4.06%	4.79%
TGT	3.01%	3.06%	2.66%	1.37%	1.52%	2.03%	3.81%	3.74%	3.21%	2.97%	2.50%	2.50%
PG	2.33%	2.55%	2.38%	2.08%	2.24%	2.37%	3.09%	2.98%	3.18%	3.31%	2.78%	2.91%
VOW3.DE	8.66%	7.84%	22.87%	2.74%	3.19%	2.76%	2.85%	1.24%	0.13%	3.63%	2.20%	1.74%
HD The Home Depot, Inc.	2.46%	2.41%	2.41%	1.59%	2.26%	2.49%	2.40%	1.88%	2.06%	1.78%	1.79%	1.89%
LOW Lowe's Companies, Inc.	1.90%	1.93%	1.86%	1.08%	1.40%	1.72%	1.93%	1.64%	1.77%	1.34%	1.19%	1.37%
JNJ Johnson & Johnson	3.01%	3.00%	2.52%	2.45%	2.53%	2.57%	2.74%	2.38%	2.73%	2.87%	2.64%	2.83%
ABBV AbbVie Inc.	3.36%	3.82%	3.49%	3.84%	4.41%	4.83%	3.89%	2.65%	3.64%	3.41%	2.54%	3.03%
VZ	6.66%	6.96%	6.53%	4.85%	4.21%	3.95%	4.22%	4.39%	4.26%	4.79%	4.57%	4.22%
O	5.38%	5.33%	4.68%	3.87%	4.50%	3.69%	4.18%	4.45%	4.18%	4.41%	4.59%	5.83%
UNP	2.21%	2.12%	2.45%	1.70%	1.86%	2.05%	2.21%	1.85%	2.17%	2.81%	1.60%	1.76%
CAT Caterpillar Inc.	1.54%	1.69%	1.93%	2.07%	2.26%	2.56%	2.58%	1.97%	3.32%	4.33%	2.84%	1.89%
UPS	5.11%	4.12%	3.50%	1.90%	2.40%	3.28%	3.73%	2.79%	2.72%	3.03%	2.41%	2.36%
GD General Dynamics Corporation	1.88%	2.01%	2.00%	2.24%	2.90%	2.26%	2.31%	1.61%	1.72%	2.46%	1.76%	1.76%
NEE	2.68%	3.08%	2.03%	1.65%	1.81%	2.06%	2.55%	2.52%	2.91%	2.96%	2.73%	3.08%
DUK Duke Energy Corporation	3.81%	4.18%	3.86%	3.72%	4.17%	4.11%	4.21%	4.15%	4.33%	4.54%	3.77%	4.48%
SO	3.45%	3.96%	3.78%	3.82%	4.13%	3.86%	5.42%	4.78%	4.52%	4.60%	4.24%	4.90%
QCOM	1.85%	2.18%	2.67%	1.47%	1.69%	2.81%	4.27%	3.50%	3.17%	3.72%	2.17%	1.75%
TXN	2.61%	2.94%	2.84%	2.23%	2.27%	2.50%	2.78%	2.03%	2.25%	2.55%	2.32%	2.44%
AVGO Broadcom Inc.	1.36%	1.71%	3.02%	2.24%	3.05%	3.54%	4.48%	2.57%	2.33%	2.09%	2.42%	3.74%
MSFT	0.70%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%	2.48%	2.59%
AAPL Apple Inc	0.45%	0.49%	0.70%	0.49%	0.61%	1.04%	1.79%	1.45%	1.93%	1.93%	1.67%	2.10%
V	0.79%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%	0.64%	0.62%
AXP American Express Company	1.08%	1.24%	1.35%	1.05%	1.42%	1.29%	1.51%	1.32%	1.61%	1.58%	1.05%	0.95%
APD Air Products and Chemicals, Inc.	2.72%	2.56%	2.10%	1.97%	1.96%	1.97%	2.75%	2.32%	2.90%	2.49%	2.13%	2.54%
XOM	3.20%	3.68%	3.22%	5.70%	8.44%	4.92%	4.74%	3.66%	3.30%	3.69%	2.92%	2.43%
CVX Chevron Corporation	3.99%	4.05%	3.16%	4.52%	6.11%	3.95%	4.12%	3.45%	3.64%	4.76%	3.75%	3.12%
VICI	5.45%	5.05%	4.63%	4.58%	4.92%	4.58%	5.31%	0.00%	0.00%	0.00%	0.00%	0.00%
UNH	1.38%	1.38%	1.21%	1.12%	1.38%	1.41%	1.38%	1.30%	1.48%	1.59%	1.39%	1.40%
KR The Kroger Co.	2.18%	2.41%	17.47%	1.72%	2.14%	2.07%	1.93%	1.79%	1.30%	0.94%	1.06%	1.56%
TROW	4.26%	4.53%	4.40%	3.72%	2.38%	2.50%	3.03%	2.14%	2.83%	5.67%	2.05%	1.81%
AMGN Amgen Inc.	2.62%	2.96%	2.95%	3.13%	2.78%	2.41%	2.71%	2.65%	2.74%	1.95%	1.53%	1.65%
MAIN	7.91%	8.55%	7.97%	5.74%	6.99%	6.76%	8.43%	7.02%	7.42%	9.15%	8.72%	8.18%
MA	0.59%	0.53%	0.56%	0.49%	0.45%	0.44%	0.53%	0.58%	0.74%	0.66%	0.51%	0.25%
INTU Intuit Inc.	0.57%	0.52%	0.72%	0.38%	0.42%	0.74%	0.83%	0.89%	1.08%	1.09%	0.89%	0.92%
MSCI	1.11%	0.98%	0.98%	0.59%	0.65%	0.98%	1.30%	1.04%	1.27%	1.11%	0.38%	0.00%
BLK BlackRock, Inc.	2.41%	2.46%	2.75%	1.80%	2.01%	2.63%	3.06%	1.95%	2.41%	2.56%	2.16%	2.12%
AWR American States Water Company	2.12%	2.06%	1.65%	1.35%	1.61%	1.34%	1.58%	1.72%	2.01%	2.08%	2.21%	2.65%
AWK American Water Works Company, Inc.	2.06%	2.10%	1.68%	1.25%	1.40%	1.59%	1.96%	1.77%	2.02%	2.23%	2.27%	1.99%
AMT American Tower Corporation	3.13%	2.99%	2.77%	1.78%	2.02%	1.64%	1.99%	1.84%	2.05%	1.87%	1.42%	1.38%
VUSA.AS	1.07%	1.26%	1.45%	1.02%	1.43%	1.46%	1.74%	1.64%	1.66%	1.76%	1.45%	1.19%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.

Pegaz

Benchmark (^GSPC)

Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the Pegaz. 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 Pegaz was 33.71%, occurring on Mar 23, 2020. Recovery took 96 trading sessions.

The current Pegaz drawdown is 2.39%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-33.71%	Feb 20, 2020	23	Mar 23, 2020	96	Aug 5, 2020	119
-18.46%	Jan 5, 2022	200	Oct 12, 2022	199	Jul 20, 2023	399
-14.95%	Sep 24, 2018	66	Dec 24, 2018	55	Mar 13, 2019	121
-10.51%	Aug 1, 2023	64	Oct 27, 2023	32	Dec 12, 2023	96
-9.57%	Jan 29, 2018	9	Feb 8, 2018	118	Jul 25, 2018	127

Volatility

Volatility Chart

The current Pegaz volatility is 2.60%, 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.

Pegaz

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.

	KR	VOW3.DE	VZ	ABBV	MO	XOM	DUK	SO	CVX	AWR	UNH	TGT	AMT	JNJ	AMGN	NEE	MAIN	PG	O	AWK	VICI	AVGO	QCOM	VUSA.AS	AAPL	GD	KO	MSCI	CAT	UPS	MSFT	INTU	LOW	UNP	TXN	APD	AXP	HD	V	MA	TROW	BLK
KR	1.00	0.06	0.23	0.16	0.25	0.15	0.22	0.20	0.18	0.18	0.18	0.30	0.12	0.22	0.22	0.16	0.14	0.27	0.14	0.19	0.11	0.09	0.11	0.09	0.09	0.20	0.22	0.09	0.17	0.23	0.11	0.09	0.22	0.20	0.12	0.16	0.11	0.24	0.09	0.06	0.17	0.15
VOW3.DE	0.06	1.00	0.16	0.15	0.21	0.30	0.05	0.08	0.29	0.07	0.17	0.22	0.11	0.14	0.17	0.10	0.30	0.11	0.15	0.07	0.27	0.30	0.30	0.54	0.22	0.26	0.20	0.22	0.41	0.28	0.20	0.22	0.28	0.29	0.30	0.30	0.37	0.24	0.29	0.32	0.37	0.38
VZ	0.23	0.16	1.00	0.29	0.37	0.26	0.43	0.41	0.27	0.33	0.30	0.26	0.31	0.40	0.32	0.34	0.25	0.42	0.34	0.37	0.24	0.12	0.13	0.18	0.15	0.30	0.43	0.17	0.28	0.29	0.17	0.17	0.27	0.31	0.21	0.33	0.30	0.30	0.25	0.23	0.28	0.28
ABBV	0.16	0.15	0.29	1.00	0.30	0.28	0.26	0.22	0.27	0.22	0.38	0.25	0.23	0.45	0.49	0.20	0.26	0.35	0.25	0.24	0.22	0.23	0.22	0.28	0.25	0.30	0.35	0.28	0.30	0.31	0.28	0.28	0.28	0.29	0.28	0.31	0.27	0.30	0.33	0.32	0.29	0.32
MO	0.25	0.21	0.37	0.30	1.00	0.34	0.34	0.34	0.33	0.24	0.29	0.27	0.23	0.36	0.31	0.27	0.27	0.40	0.33	0.26	0.31	0.17	0.17	0.23	0.18	0.35	0.46	0.13	0.34	0.30	0.15	0.14	0.30	0.36	0.21	0.33	0.33	0.28	0.24	0.24	0.31	0.30
XOM	0.15	0.30	0.26	0.28	0.34	1.00	0.18	0.19	0.85	0.14	0.26	0.26	0.09	0.22	0.23	0.15	0.32	0.15	0.20	0.09	0.30	0.26	0.28	0.29	0.23	0.44	0.26	0.20	0.58	0.33	0.18	0.20	0.29	0.41	0.31	0.34	0.46	0.26	0.32	0.33	0.38	0.38
DUK	0.22	0.05	0.43	0.26	0.34	0.18	1.00	0.79	0.18	0.58	0.28	0.21	0.48	0.39	0.31	0.68	0.22	0.49	0.50	0.70	0.34	0.08	0.08	0.13	0.16	0.31	0.54	0.21	0.16	0.24	0.15	0.16	0.23	0.28	0.14	0.33	0.20	0.26	0.22	0.21	0.22	0.24
SO	0.20	0.08	0.41	0.22	0.34	0.19	0.79	1.00	0.19	0.55	0.27	0.20	0.48	0.37	0.29	0.67	0.23	0.47	0.49	0.67	0.34	0.11	0.11	0.14	0.17	0.32	0.51	0.21	0.17	0.23	0.18	0.18	0.23	0.28	0.17	0.33	0.21	0.27	0.24	0.24	0.23	0.23
CVX	0.18	0.29	0.27	0.27	0.33	0.85	0.18	0.19	1.00	0.15	0.29	0.29	0.10	0.23	0.25	0.16	0.35	0.15	0.22	0.11	0.31	0.30	0.28	0.31	0.24	0.46	0.26	0.24	0.58	0.32	0.22	0.22	0.29	0.44	0.33	0.36	0.47	0.28	0.34	0.34	0.40	0.39
AWR	0.18	0.07	0.33	0.22	0.24	0.14	0.58	0.55	0.15	1.00	0.26	0.25	0.44	0.36	0.28	0.54	0.23	0.41	0.46	0.71	0.32	0.15	0.17	0.19	0.21	0.33	0.42	0.31	0.19	0.27	0.25	0.28	0.31	0.30	0.23	0.31	0.24	0.33	0.27	0.25	0.30	0.31
UNH	0.18	0.17	0.30	0.38	0.29	0.26	0.28	0.27	0.29	0.26	1.00	0.27	0.27	0.42	0.37	0.26	0.27	0.36	0.24	0.29	0.24	0.23	0.24	0.28	0.31	0.35	0.35	0.32	0.30	0.32	0.34	0.30	0.32	0.36	0.30	0.33	0.34	0.34	0.36	0.36	0.32	0.36
TGT	0.30	0.22	0.26	0.25	0.27	0.26	0.21	0.20	0.29	0.25	0.27	1.00	0.27	0.26	0.27	0.25	0.29	0.28	0.27	0.25	0.29	0.29	0.31	0.28	0.30	0.30	0.28	0.34	0.34	0.42	0.30	0.35	0.49	0.37	0.37	0.36	0.36	0.52	0.30	0.32	0.43	0.41
AMT	0.12	0.11	0.31	0.23	0.23	0.09	0.48	0.48	0.10	0.44	0.27	0.27	1.00	0.36	0.33	0.52	0.25	0.39	0.55	0.56	0.40	0.22	0.21	0.24	0.31	0.22	0.42	0.36	0.18	0.31	0.34	0.37	0.30	0.28	0.29	0.34	0.24	0.36	0.33	0.32	0.32	0.34
JNJ	0.22	0.14	0.40	0.45	0.36	0.22	0.39	0.37	0.23	0.36	0.42	0.26	0.36	1.00	0.49	0.33	0.21	0.48	0.30	0.38	0.21	0.18	0.20	0.25	0.25	0.33	0.47	0.25	0.28	0.31	0.28	0.26	0.30	0.34	0.28	0.36	0.28	0.32	0.34	0.32	0.33	0.36
AMGN	0.22	0.17	0.32	0.49	0.31	0.23	0.31	0.29	0.25	0.28	0.37	0.27	0.33	0.49	1.00	0.26	0.25	0.37	0.28	0.32	0.28	0.27	0.26	0.28	0.32	0.31	0.36	0.33	0.31	0.33	0.34	0.33	0.32	0.33	0.35	0.34	0.29	0.33	0.33	0.31	0.39	0.39
NEE	0.16	0.10	0.34	0.20	0.27	0.15	0.68	0.67	0.16	0.54	0.26	0.25	0.52	0.33	0.26	1.00	0.27	0.45	0.46	0.70	0.34	0.18	0.18	0.23	0.27	0.30	0.46	0.31	0.15	0.29	0.30	0.30	0.30	0.28	0.24	0.34	0.23	0.32	0.28	0.29	0.28	0.30
MAIN	0.14	0.30	0.25	0.26	0.27	0.32	0.22	0.23	0.35	0.23	0.27	0.29	0.25	0.21	0.25	0.27	1.00	0.22	0.38	0.24	0.40	0.34	0.33	0.38	0.36	0.40	0.31	0.35	0.40	0.35	0.35	0.36	0.37	0.37	0.36	0.35	0.47	0.36	0.36	0.37	0.48	0.45
PG	0.27	0.11	0.42	0.35	0.40	0.15	0.49	0.47	0.15	0.41	0.36	0.28	0.39	0.48	0.37	0.45	0.22	1.00	0.37	0.50	0.26	0.20	0.21	0.21	0.27	0.31	0.63	0.28	0.22	0.34	0.31	0.27	0.32	0.33	0.28	0.39	0.26	0.37	0.34	0.33	0.28	0.32
O	0.14	0.15	0.34	0.25	0.33	0.20	0.50	0.49	0.22	0.46	0.24	0.27	0.55	0.30	0.28	0.46	0.38	0.37	1.00	0.51	0.56	0.22	0.22	0.22	0.26	0.31	0.48	0.29	0.25	0.31	0.27	0.30	0.32	0.33	0.28	0.36	0.35	0.36	0.35	0.33	0.35	0.33
AWK	0.19	0.07	0.37	0.24	0.26	0.09	0.70	0.67	0.11	0.71	0.29	0.25	0.56	0.38	0.32	0.70	0.24	0.50	0.51	1.00	0.35	0.17	0.17	0.23	0.25	0.28	0.48	0.36	0.15	0.28	0.29	0.33	0.31	0.29	0.25	0.36	0.24	0.34	0.29	0.28	0.30	0.33
VICI	0.11	0.27	0.24	0.22	0.31	0.30	0.34	0.34	0.31	0.32	0.24	0.29	0.40	0.21	0.28	0.34	0.40	0.26	0.56	0.35	1.00	0.30	0.30	0.33	0.30	0.36	0.36	0.35	0.34	0.37	0.28	0.34	0.39	0.37	0.34	0.35	0.44	0.39	0.36	0.36	0.42	0.41
AVGO	0.09	0.30	0.12	0.23	0.17	0.26	0.08	0.11	0.30	0.15	0.23	0.29	0.22	0.18	0.27	0.18	0.34	0.20	0.22	0.17	0.30	1.00	0.65	0.43	0.57	0.32	0.23	0.50	0.42	0.40	0.58	0.53	0.40	0.38	0.69	0.40	0.42	0.41	0.45	0.47	0.50	0.49
QCOM	0.11	0.30	0.13	0.22	0.17	0.28	0.08	0.11	0.28	0.17	0.24	0.31	0.21	0.20	0.26	0.18	0.33	0.21	0.22	0.17	0.30	0.65	1.00	0.41	0.58	0.29	0.21	0.45	0.43	0.40	0.58	0.53	0.41	0.36	0.70	0.42	0.44	0.42	0.46	0.46	0.50	0.50
VUSA.AS	0.09	0.54	0.18	0.28	0.23	0.29	0.13	0.14	0.31	0.19	0.28	0.28	0.24	0.25	0.28	0.23	0.38	0.21	0.22	0.23	0.33	0.43	0.41	1.00	0.42	0.35	0.27	0.44	0.44	0.39	0.44	0.47	0.39	0.39	0.43	0.40	0.47	0.39	0.45	0.47	0.51	0.52
AAPL	0.09	0.22	0.15	0.25	0.18	0.23	0.16	0.17	0.24	0.21	0.31	0.30	0.31	0.25	0.32	0.27	0.36	0.27	0.26	0.25	0.30	0.57	0.58	0.42	1.00	0.29	0.27	0.54	0.34	0.42	0.68	0.57	0.41	0.37	0.59	0.40	0.40	0.42	0.52	0.53	0.49	0.48
GD	0.20	0.26	0.30	0.30	0.35	0.44	0.31	0.32	0.46	0.33	0.35	0.30	0.22	0.33	0.31	0.30	0.40	0.31	0.31	0.28	0.36	0.32	0.29	0.35	0.29	1.00	0.41	0.30	0.54	0.39	0.31	0.30	0.37	0.51	0.34	0.43	0.51	0.39	0.42	0.42	0.48	0.48
KO	0.22	0.20	0.43	0.35	0.46	0.26	0.54	0.51	0.26	0.42	0.35	0.28	0.42	0.47	0.36	0.46	0.31	0.63	0.48	0.48	0.36	0.23	0.21	0.27	0.27	0.41	1.00	0.31	0.31	0.36	0.31	0.29	0.32	0.40	0.28	0.45	0.37	0.36	0.40	0.40	0.36	0.38
MSCI	0.09	0.22	0.17	0.28	0.13	0.20	0.21	0.21	0.24	0.31	0.32	0.34	0.36	0.25	0.33	0.31	0.35	0.28	0.29	0.36	0.35	0.50	0.45	0.44	0.54	0.30	0.31	1.00	0.32	0.39	0.60	0.64	0.44	0.39	0.51	0.46	0.42	0.47	0.57	0.58	0.56	0.57
CAT	0.17	0.41	0.28	0.30	0.34	0.58	0.16	0.17	0.58	0.19	0.30	0.34	0.18	0.28	0.31	0.15	0.40	0.22	0.25	0.15	0.34	0.42	0.43	0.44	0.34	0.54	0.31	0.32	1.00	0.47	0.32	0.33	0.44	0.58	0.48	0.51	0.58	0.43	0.44	0.45	0.55	0.57
UPS	0.23	0.28	0.29	0.31	0.30	0.33	0.24	0.23	0.32	0.27	0.32	0.42	0.31	0.31	0.33	0.29	0.35	0.34	0.31	0.28	0.37	0.40	0.40	0.39	0.42	0.39	0.36	0.39	0.47	1.00	0.39	0.41	0.47	0.52	0.46	0.46	0.45	0.50	0.40	0.41	0.56	0.53
MSFT	0.11	0.20	0.17	0.28	0.15	0.18	0.15	0.18	0.22	0.25	0.34	0.30	0.34	0.28	0.34	0.30	0.35	0.31	0.27	0.29	0.28	0.58	0.58	0.44	0.68	0.31	0.31	0.60	0.32	0.39	1.00	0.70	0.43	0.39	0.60	0.42	0.42	0.47	0.61	0.61	0.53	0.53
INTU	0.09	0.22	0.17	0.28	0.14	0.20	0.16	0.18	0.22	0.28	0.30	0.35	0.37	0.26	0.33	0.30	0.36	0.27	0.30	0.33	0.34	0.53	0.53	0.47	0.57	0.30	0.29	0.64	0.33	0.41	0.70	1.00	0.46	0.37	0.57	0.42	0.45	0.48	0.59	0.61	0.56	0.54
LOW	0.22	0.28	0.27	0.28	0.30	0.29	0.23	0.23	0.29	0.31	0.32	0.49	0.30	0.30	0.32	0.30	0.37	0.32	0.32	0.31	0.39	0.40	0.41	0.39	0.41	0.37	0.32	0.44	0.44	0.47	0.43	0.46	1.00	0.46	0.46	0.43	0.44	0.81	0.44	0.44	0.54	0.54
UNP	0.20	0.29	0.31	0.29	0.36	0.41	0.28	0.28	0.44	0.30	0.36	0.37	0.28	0.34	0.33	0.28	0.37	0.33	0.33	0.29	0.37	0.38	0.36	0.39	0.37	0.51	0.40	0.39	0.58	0.52	0.39	0.37	0.46	1.00	0.46	0.50	0.51	0.47	0.46	0.48	0.54	0.57
TXN	0.12	0.30	0.21	0.28	0.21	0.31	0.14	0.17	0.33	0.23	0.30	0.37	0.29	0.28	0.35	0.24	0.36	0.28	0.28	0.25	0.34	0.69	0.70	0.43	0.59	0.34	0.28	0.51	0.48	0.46	0.60	0.57	0.46	0.46	1.00	0.49	0.49	0.50	0.53	0.53	0.59	0.57
APD	0.16	0.30	0.33	0.31	0.33	0.34	0.33	0.33	0.36	0.31	0.33	0.36	0.34	0.36	0.34	0.34	0.35	0.39	0.36	0.36	0.35	0.40	0.42	0.40	0.40	0.43	0.45	0.46	0.51	0.46	0.42	0.42	0.43	0.50	0.49	1.00	0.47	0.46	0.48	0.49	0.51	0.55
AXP	0.11	0.37	0.30	0.27	0.33	0.46	0.20	0.21	0.47	0.24	0.34	0.36	0.24	0.28	0.29	0.23	0.47	0.26	0.35	0.24	0.44	0.42	0.44	0.47	0.40	0.51	0.37	0.42	0.58	0.45	0.42	0.45	0.44	0.51	0.49	0.47	1.00	0.45	0.58	0.59	0.61	0.63
HD	0.24	0.24	0.30	0.30	0.28	0.26	0.26	0.27	0.28	0.33	0.34	0.52	0.36	0.32	0.33	0.32	0.36	0.37	0.36	0.34	0.39	0.41	0.42	0.39	0.42	0.39	0.36	0.47	0.43	0.50	0.47	0.48	0.81	0.47	0.50	0.46	0.45	1.00	0.47	0.46	0.54	0.55
V	0.09	0.29	0.25	0.33	0.24	0.32	0.22	0.24	0.34	0.27	0.36	0.30	0.33	0.34	0.33	0.28	0.36	0.34	0.35	0.29	0.36	0.45	0.46	0.45	0.52	0.42	0.40	0.57	0.44	0.40	0.61	0.59	0.44	0.46	0.53	0.48	0.58	0.47	1.00	0.88	0.52	0.55
MA	0.06	0.32	0.23	0.32	0.24	0.33	0.21	0.24	0.34	0.25	0.36	0.32	0.32	0.32	0.31	0.29	0.37	0.33	0.33	0.28	0.36	0.47	0.46	0.47	0.53	0.42	0.40	0.58	0.45	0.41	0.61	0.61	0.44	0.48	0.53	0.49	0.59	0.46	0.88	1.00	0.55	0.56
TROW	0.17	0.37	0.28	0.29	0.31	0.38	0.22	0.23	0.40	0.30	0.32	0.43	0.32	0.33	0.39	0.28	0.48	0.28	0.35	0.30	0.42	0.50	0.50	0.51	0.49	0.48	0.36	0.56	0.55	0.56	0.53	0.56	0.54	0.54	0.59	0.51	0.61	0.54	0.52	0.55	1.00	0.77
BLK	0.15	0.38	0.28	0.32	0.30	0.38	0.24	0.23	0.39	0.31	0.36	0.41	0.34	0.36	0.39	0.30	0.45	0.32	0.33	0.33	0.41	0.49	0.50	0.52	0.48	0.48	0.38	0.57	0.57	0.53	0.53	0.54	0.54	0.57	0.57	0.55	0.63	0.55	0.55	0.56	0.77	1.00

The correlation results are calculated based on daily price changes starting from Oct 19, 2017