GBIRA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification
GBIRA
Last updated Oct 17, 2024
Asset Allocation
| Position | Category/Sector | Weight |
|---|---|---|
AAPL Apple Inc | Technology | 3.70% |
ACLS Axcelis Technologies, Inc. | Technology | 3.70% |
ACN Accenture plc | Technology | 3.70% |
CMG Chipotle Mexican Grill, Inc. | Consumer Cyclical | 3.70% |
COP ConocoPhillips Company | Energy | 3.70% |
DHI D.R. Horton, Inc. | Consumer Cyclical | 3.70% |
DHR Danaher Corporation | Healthcare | 3.70% |
FANG Diamondback Energy, Inc. | Energy | 3.70% |
FTNT Fortinet, Inc. | Technology | 3.70% |
GOOG Alphabet Inc. | Communication Services | 3.70% |
ISRG Intuitive Surgical, Inc. | Healthcare | 3.70% |
KRE SPDR S&P Regional Banking ETF | Financials Equities | 3.70% |
LMT Lockheed Martin Corporation | Industrials | 3.70% |
MCD McDonald's Corporation | Consumer Cyclical | 3.70% |
MCO Moody's Corporation | Financial Services | 3.70% |
MRK Merck & Co., Inc. | Healthcare | 3.70% |
MSFT Microsoft Corporation | Technology | 3.70% |
NFLX Netflix, Inc. | Communication Services | 3.70% |
NVDA NVIDIA Corporation | Technology | 3.70% |
PANW Palo Alto Networks, Inc. | Technology | 3.70% |
QQQ | 3.70% | |
RWL | 3.70% | |
SCHD | 3.70% | |
UNH | 3.70% | |
VRTX | 3.70% | |
VTV | 3.70% | |
XOM | 3.70% |
Quarterly
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in GBIRA, 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
GBIRA
Benchmark (^GSPC)
Portfolio components
The earliest data available for this chart is Mar 27, 2014, corresponding to the inception date of GOOG
Returns By Period
As of Oct 17, 2024, the GBIRA returned 25.07% Year-To-Date and 24.86% of annualized return in the last 10 years.
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 22.49% | 3.72% | 16.33% | 33.60% | 14.41% | 11.99% |
| GBIRA | 25.07% | 2.91% | 17.76% | 39.00% | 28.60% | 24.75% |
| Portfolio components: | ||||||
AAPL Apple Inc | 20.84% | 6.91% | 39.11% | 32.49% | 32.42% | 26.54% |
ACLS Axcelis Technologies, Inc. | -26.25% | -4.13% | -2.65% | -38.99% | 40.09% | 28.76% |
ACN Accenture plc | 7.79% | 10.90% | 18.80% | 24.52% | 16.51% | 19.15% |
CMG Chipotle Mexican Grill, Inc. | 29.25% | 1.06% | 1.65% | 60.59% | 28.67% | 16.34% |
COP ConocoPhillips Company | -7.51% | -2.89% | -16.60% | -14.76% | 18.47% | 7.67% |
DHI D.R. Horton, Inc. | 27.35% | -1.49% | 32.41% | 89.39% | 30.38% | 25.59% |
DHR Danaher Corporation | 16.22% | -1.53% | 13.63% | 31.42% | 17.50% | 24.32% |
FANG Diamondback Energy, Inc. | 22.29% | 1.50% | -6.57% | 14.02% | 22.62% | 13.55% |
FTNT Fortinet, Inc. | 40.30% | 8.61% | 28.25% | 42.40% | 40.07% | 32.35% |
GOOG Alphabet Inc. | 18.60% | 4.03% | 6.15% | 20.01% | 21.91% | 20.52% |
ISRG Intuitive Surgical, Inc. | 41.27% | -1.39% | 27.90% | 72.98% | 20.42% | 24.41% |
KRE SPDR S&P Regional Banking ETF | 16.98% | 5.84% | 31.96% | 50.16% | 5.46% | 7.55% |
LMT Lockheed Martin Corporation | 37.89% | 8.08% | 36.03% | 41.10% | 13.51% | 16.46% |
MCD McDonald's Corporation | 7.45% | 6.53% | 16.91% | 25.19% | 11.05% | 16.06% |
MCO Moody's Corporation | 26.25% | 1.51% | 31.33% | 57.35% | 18.74% | 19.58% |
MRK Merck & Co., Inc. | 3.22% | -6.65% | -10.71% | 11.14% | 9.76% | 11.27% |
MSFT Microsoft Corporation | 11.26% | -4.37% | 3.30% | 27.00% | 26.05% | 27.22% |
NFLX Netflix, Inc. | 44.18% | -0.69% | 14.98% | 102.78% | 20.66% | 29.98% |
NVDA NVIDIA Corporation | 174.12% | 17.42% | 60.32% | 221.74% | 96.03% | 78.46% |
PANW Palo Alto Networks, Inc. | 26.57% | 10.45% | 32.76% | 42.81% | 39.56% | 27.29% |
QQQ | 20.39% | 3.82% | 16.29% | 36.03% | 21.56% | 18.93% |
RWL | 18.57% | 3.44% | 12.59% | 29.83% | 14.92% | 12.40% |
SCHD | 16.62% | 3.67% | 16.21% | 27.01% | 13.50% | 12.33% |
UNH | 9.80% | -1.15% | 16.75% | 8.20% | 20.24% | 22.40% |
VRTX | 19.75% | 1.24% | 23.83% | 32.57% | 22.64% | 16.66% |
VTV | 21.04% | 3.46% | 16.16% | 32.44% | 12.69% | 11.41% |
XOM | 23.78% | 5.68% | 3.46% | 10.57% | 18.02% | 7.36% |
Monthly Returns
The table below presents the monthly returns of GBIRA, 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 | 3.41% | 3.20% | 3.54% | -3.36% | 4.08% | 4.28% | 2.59% | 3.62% | -0.23% | 25.07% | |||
| 2023 | 8.32% | -1.07% | 5.12% | 2.66% | 3.10% | 7.12% | 3.13% | -1.91% | -4.67% | -1.62% | 8.17% | 5.11% | 37.77% |
| 2022 | -4.69% | 0.87% | 3.62% | -10.15% | 2.58% | -7.51% | 10.45% | -3.41% | -7.27% | 12.26% | 5.62% | -5.82% | -6.18% |
| 2021 | 0.87% | 5.09% | 4.76% | 6.17% | 0.76% | 4.85% | 2.21% | 5.04% | -2.37% | 9.21% | 0.21% | 5.46% | 50.68% |
| 2020 | 0.62% | -8.20% | -12.10% | 18.43% | 7.45% | 1.80% | 5.12% | 5.61% | -4.67% | -4.52% | 13.16% | 5.99% | 27.45% |
| 2019 | 9.91% | 5.28% | 2.67% | 2.51% | -8.00% | 6.96% | 1.96% | -1.32% | 1.07% | 3.28% | 6.09% | 4.13% | 39.03% |
| 2018 | 8.10% | -1.86% | -1.03% | 2.78% | 3.28% | 1.22% | 2.88% | 5.47% | 1.37% | -9.01% | 1.34% | -8.95% | 4.17% |
| 2017 | 4.86% | 3.55% | 1.94% | 1.78% | 4.10% | -0.32% | 3.33% | 0.90% | 3.56% | 4.78% | 3.03% | 0.39% | 36.77% |
| 2016 | -6.29% | -0.82% | 7.78% | 0.39% | 3.37% | -1.46% | 6.77% | 1.64% | 2.23% | -1.67% | 4.26% | 0.97% | 17.65% |
| 2015 | -0.98% | 6.76% | -1.17% | 2.70% | 3.11% | -1.43% | 4.63% | -3.75% | -2.46% | 6.98% | 2.98% | -3.21% | 14.22% |
| 2014 | -2.88% | 5.27% | 5.01% | -2.02% | 4.82% | -0.40% | 2.24% | 2.43% | 0.88% | 16.03% |
Expense Ratio
GBIRA has an expense ratio of 0.04%, 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.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of GBIRA is 88, placing it in the top 12% of portfolios on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Combined Rank
Sharpe Ratio Rank
Sortino Ratio Rank
Omega Ratio Rank
Calmar Ratio Rank
Martin Ratio Rank
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 components
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
AAPL Apple Inc | 1.34 | 2.01 | 1.25 | 1.83 | 4.32 |
ACLS Axcelis Technologies, Inc. | -0.81 | -1.12 | 0.87 | -0.78 | -1.51 |
ACN Accenture plc | 1.05 | 1.50 | 1.21 | 0.81 | 1.82 |
CMG Chipotle Mexican Grill, Inc. | 2.33 | 2.92 | 1.41 | 2.32 | 5.94 |
COP ConocoPhillips Company | -0.64 | -0.80 | 0.91 | -0.62 | -1.13 |
DHI D.R. Horton, Inc. | 2.64 | 3.38 | 1.45 | 3.72 | 11.99 |
DHR Danaher Corporation | 1.21 | 1.93 | 1.22 | 0.76 | 6.68 |
FANG Diamondback Energy, Inc. | 0.59 | 0.98 | 1.13 | 0.82 | 2.21 |
FTNT Fortinet, Inc. | 1.00 | 1.75 | 1.25 | 1.01 | 3.51 |
GOOG Alphabet Inc. | 0.69 | 1.04 | 1.15 | 0.85 | 2.24 |
ISRG Intuitive Surgical, Inc. | 2.82 | 4.04 | 1.51 | 2.52 | 26.97 |
KRE SPDR S&P Regional Banking ETF | 1.69 | 2.45 | 1.29 | 1.01 | 6.88 |
LMT Lockheed Martin Corporation | 2.94 | 4.40 | 1.57 | 2.89 | 13.87 |
MCD McDonald's Corporation | 1.68 | 2.38 | 1.31 | 1.64 | 3.73 |
MCO Moody's Corporation | 2.68 | 3.11 | 1.48 | 2.20 | 15.93 |
MRK Merck & Co., Inc. | 0.43 | 0.70 | 1.11 | 0.50 | 1.25 |
MSFT Microsoft Corporation | 1.34 | 1.83 | 1.23 | 1.68 | 4.56 |
NFLX Netflix, Inc. | 2.97 | 4.13 | 1.55 | 1.89 | 22.62 |
NVDA NVIDIA Corporation | 3.72 | 3.78 | 1.48 | 7.19 | 22.58 |
PANW Palo Alto Networks, Inc. | 0.96 | 1.32 | 1.23 | 1.40 | 2.92 |
QQQ | 1.93 | 2.56 | 1.34 | 2.44 | 8.91 |
RWL | 2.81 | 3.78 | 1.50 | 3.15 | 16.43 |
SCHD | 2.24 | 3.21 | 1.39 | 1.97 | 11.75 |
UNH | 0.33 | 0.61 | 1.09 | 0.39 | 1.05 |
VRTX | 1.26 | 2.00 | 1.26 | 2.54 | 5.19 |
VTV | 3.02 | 4.15 | 1.54 | 3.18 | 18.84 |
XOM | 0.69 | 1.09 | 1.13 | 0.73 | 2.15 |
GBIRA
Benchmark (^GSPC)
Portfolio components
Dividends
Dividend yield
GBIRA granted a 1.30% dividend yield in the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GBIRA | 1.30% | 1.36% | 1.44% | 1.18% | 1.52% | 1.21% | 1.36% | 1.16% | 2.63% | 1.54% | 1.39% | 1.37% |
| Portfolio components: | ||||||||||||
AAPL Apple Inc | 0.42% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% | 2.10% |
ACLS Axcelis Technologies, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ACN Accenture plc | 1.44% | 1.33% | 1.51% | 0.87% | 1.26% | 1.07% | 1.98% | 1.66% | 1.97% | 2.03% | 2.18% | 2.12% |
CMG Chipotle Mexican Grill, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
COP ConocoPhillips Company | 2.78% | 3.34% | 4.20% | 2.69% | 4.23% | 2.05% | 1.86% | 1.93% | 1.99% | 6.30% | 4.11% | 3.82% |
DHI D.R. Horton, Inc. | 0.62% | 0.69% | 1.04% | 0.76% | 1.05% | 1.18% | 1.51% | 0.83% | 1.24% | 0.84% | 0.80% | 0.67% |
DHR Danaher Corporation | 0.39% | 0.43% | 0.38% | 0.26% | 0.32% | 0.44% | 0.62% | 0.60% | 36.46% | 0.80% | 0.47% | 0.13% |
FANG Diamondback Energy, Inc. | 5.90% | 5.15% | 6.55% | 1.62% | 3.10% | 0.74% | 0.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTNT Fortinet, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GOOG Alphabet Inc. | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ISRG Intuitive Surgical, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KRE SPDR S&P Regional Banking ETF | 2.64% | 2.99% | 2.51% | 1.97% | 2.78% | 2.21% | 2.25% | 1.40% | 1.40% | 1.80% | 1.60% | 1.37% |
LMT Lockheed Martin Corporation | 2.06% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% | 2.85% | 3.22% |
MCD McDonald's Corporation | 2.13% | 2.10% | 2.15% | 1.96% | 2.35% | 2.39% | 2.36% | 2.23% | 2.97% | 2.91% | 3.50% | 3.22% |
MCO Moody's Corporation | 0.68% | 0.79% | 1.00% | 0.63% | 0.77% | 0.84% | 1.26% | 1.03% | 1.57% | 1.36% | 1.17% | 1.15% |
MRK Merck & Co., Inc. | 2.79% | 2.72% | 2.52% | 3.41% | 3.03% | 2.48% | 2.60% | 3.36% | 3.14% | 3.42% | 3.11% | 3.45% |
MSFT Microsoft Corporation | 0.72% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% | 2.48% | 2.59% |
NFLX Netflix, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVDA NVIDIA Corporation | 0.02% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.30% | 0.46% | 1.19% | 1.68% | 1.95% |
PANW Palo Alto Networks, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ | 0.62% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
RWL | 1.42% | 1.60% | 1.62% | 1.35% | 1.75% | 1.87% | 1.99% | 1.60% | 1.71% | 1.97% | 1.43% | 1.61% |
SCHD | 3.39% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
UNH | 1.39% | 1.38% | 1.21% | 1.12% | 1.38% | 1.41% | 1.38% | 1.30% | 1.48% | 1.59% | 1.39% | 1.40% |
VRTX | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTV | 2.23% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% | 2.22% | 2.21% |
XOM | 3.15% | 3.68% | 3.22% | 5.70% | 8.44% | 4.92% | 4.74% | 3.66% | 3.30% | 3.69% | 2.92% | 2.43% |
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.
GBIRA
Benchmark (^GSPC)
Portfolio components
Worst Drawdowns
The table below displays the maximum drawdowns of the GBIRA. 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 GBIRA was 35.80%, occurring on Mar 23, 2020. Recovery took 52 trading sessions.
The current GBIRA drawdown is 0.84%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.8% | Feb 20, 2020 | 23 | Mar 23, 2020 | 52 | Jun 5, 2020 | 75 |
| -22.55% | Oct 2, 2018 | 58 | Dec 24, 2018 | 59 | Mar 21, 2019 | 117 |
| -19.15% | Mar 30, 2022 | 56 | Jun 17, 2022 | 152 | Jan 26, 2023 | 208 |
| -17.23% | Dec 2, 2015 | 49 | Feb 11, 2016 | 77 | Jun 2, 2016 | 126 |
| -11.48% | Aug 18, 2015 | 6 | Aug 25, 2015 | 49 | Nov 3, 2015 | 55 |
Volatility
Volatility Chart
The current GBIRA volatility is 2.81%, 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.
GBIRA
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.
| MRK | LMT | FANG | CMG | COP | VRTX | MCD | XOM | UNH | NFLX | DHI | PANW | ACLS | KRE | NVDA | FTNT | DHR | AAPL | ISRG | GOOG | MCO | MSFT | ACN | SCHD | VTV | QQQ | RWL | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MRK | 1.00 | 0.30 | 0.15 | 0.14 | 0.23 | 0.41 | 0.33 | 0.27 | 0.38 | 0.16 | 0.19 | 0.16 | 0.13 | 0.21 | 0.12 | 0.22 | 0.38 | 0.22 | 0.30 | 0.25 | 0.34 | 0.28 | 0.32 | 0.44 | 0.46 | 0.31 | 0.41 |
| LMT | 0.30 | 1.00 | 0.22 | 0.12 | 0.29 | 0.22 | 0.35 | 0.33 | 0.33 | 0.13 | 0.24 | 0.17 | 0.16 | 0.31 | 0.16 | 0.20 | 0.28 | 0.24 | 0.25 | 0.23 | 0.32 | 0.26 | 0.35 | 0.50 | 0.50 | 0.29 | 0.46 |
| FANG | 0.15 | 0.22 | 1.00 | 0.16 | 0.73 | 0.17 | 0.15 | 0.65 | 0.19 | 0.16 | 0.22 | 0.18 | 0.27 | 0.42 | 0.21 | 0.20 | 0.17 | 0.22 | 0.20 | 0.24 | 0.21 | 0.19 | 0.25 | 0.45 | 0.48 | 0.28 | 0.48 |
| CMG | 0.14 | 0.12 | 0.16 | 1.00 | 0.14 | 0.21 | 0.31 | 0.13 | 0.19 | 0.32 | 0.30 | 0.34 | 0.26 | 0.23 | 0.34 | 0.37 | 0.29 | 0.32 | 0.37 | 0.33 | 0.36 | 0.38 | 0.36 | 0.30 | 0.32 | 0.45 | 0.36 |
| COP | 0.23 | 0.29 | 0.73 | 0.14 | 1.00 | 0.19 | 0.19 | 0.76 | 0.24 | 0.14 | 0.21 | 0.17 | 0.26 | 0.44 | 0.19 | 0.20 | 0.20 | 0.23 | 0.20 | 0.24 | 0.26 | 0.23 | 0.28 | 0.53 | 0.57 | 0.28 | 0.55 |
| VRTX | 0.41 | 0.22 | 0.17 | 0.21 | 0.19 | 1.00 | 0.24 | 0.19 | 0.36 | 0.30 | 0.25 | 0.34 | 0.26 | 0.22 | 0.30 | 0.34 | 0.37 | 0.32 | 0.38 | 0.36 | 0.35 | 0.37 | 0.33 | 0.36 | 0.39 | 0.47 | 0.40 |
| MCD | 0.33 | 0.35 | 0.15 | 0.31 | 0.19 | 0.24 | 1.00 | 0.24 | 0.32 | 0.20 | 0.31 | 0.19 | 0.20 | 0.29 | 0.22 | 0.25 | 0.37 | 0.32 | 0.33 | 0.33 | 0.41 | 0.37 | 0.41 | 0.51 | 0.49 | 0.40 | 0.47 |
| XOM | 0.27 | 0.33 | 0.65 | 0.13 | 0.76 | 0.19 | 0.24 | 1.00 | 0.27 | 0.13 | 0.21 | 0.14 | 0.25 | 0.45 | 0.18 | 0.18 | 0.23 | 0.25 | 0.23 | 0.26 | 0.27 | 0.22 | 0.30 | 0.59 | 0.61 | 0.29 | 0.59 |
| UNH | 0.38 | 0.33 | 0.19 | 0.19 | 0.24 | 0.36 | 0.32 | 0.27 | 1.00 | 0.23 | 0.25 | 0.22 | 0.21 | 0.32 | 0.23 | 0.27 | 0.38 | 0.31 | 0.36 | 0.32 | 0.38 | 0.34 | 0.38 | 0.47 | 0.52 | 0.37 | 0.52 |
| NFLX | 0.16 | 0.13 | 0.16 | 0.32 | 0.14 | 0.30 | 0.20 | 0.13 | 0.23 | 1.00 | 0.26 | 0.39 | 0.35 | 0.22 | 0.46 | 0.44 | 0.34 | 0.44 | 0.39 | 0.48 | 0.40 | 0.49 | 0.38 | 0.32 | 0.34 | 0.60 | 0.39 |
| DHI | 0.19 | 0.24 | 0.22 | 0.30 | 0.21 | 0.25 | 0.31 | 0.21 | 0.25 | 0.26 | 1.00 | 0.28 | 0.35 | 0.36 | 0.34 | 0.32 | 0.37 | 0.33 | 0.37 | 0.35 | 0.43 | 0.35 | 0.41 | 0.49 | 0.49 | 0.46 | 0.52 |
| PANW | 0.16 | 0.17 | 0.18 | 0.34 | 0.17 | 0.34 | 0.19 | 0.14 | 0.22 | 0.39 | 0.28 | 1.00 | 0.39 | 0.26 | 0.45 | 0.62 | 0.35 | 0.42 | 0.44 | 0.42 | 0.41 | 0.45 | 0.39 | 0.33 | 0.36 | 0.56 | 0.40 |
| ACLS | 0.13 | 0.16 | 0.27 | 0.26 | 0.26 | 0.26 | 0.20 | 0.25 | 0.21 | 0.35 | 0.35 | 0.39 | 1.00 | 0.41 | 0.54 | 0.43 | 0.34 | 0.44 | 0.43 | 0.44 | 0.39 | 0.44 | 0.40 | 0.46 | 0.47 | 0.59 | 0.50 |
| KRE | 0.21 | 0.31 | 0.42 | 0.23 | 0.44 | 0.22 | 0.29 | 0.45 | 0.32 | 0.22 | 0.36 | 0.26 | 0.41 | 1.00 | 0.30 | 0.28 | 0.34 | 0.32 | 0.31 | 0.33 | 0.43 | 0.31 | 0.43 | 0.68 | 0.73 | 0.43 | 0.71 |
| NVDA | 0.12 | 0.16 | 0.21 | 0.34 | 0.19 | 0.30 | 0.22 | 0.18 | 0.23 | 0.46 | 0.34 | 0.45 | 0.54 | 0.30 | 1.00 | 0.50 | 0.38 | 0.52 | 0.48 | 0.52 | 0.44 | 0.58 | 0.46 | 0.43 | 0.43 | 0.72 | 0.47 |
| FTNT | 0.22 | 0.20 | 0.20 | 0.37 | 0.20 | 0.34 | 0.25 | 0.18 | 0.27 | 0.44 | 0.32 | 0.62 | 0.43 | 0.28 | 0.50 | 1.00 | 0.42 | 0.46 | 0.49 | 0.48 | 0.49 | 0.54 | 0.50 | 0.43 | 0.44 | 0.63 | 0.47 |
| DHR | 0.38 | 0.28 | 0.17 | 0.29 | 0.20 | 0.37 | 0.37 | 0.23 | 0.38 | 0.34 | 0.37 | 0.35 | 0.34 | 0.34 | 0.38 | 0.42 | 1.00 | 0.42 | 0.52 | 0.43 | 0.52 | 0.49 | 0.53 | 0.55 | 0.56 | 0.56 | 0.56 |
| AAPL | 0.22 | 0.24 | 0.22 | 0.32 | 0.23 | 0.32 | 0.32 | 0.25 | 0.31 | 0.44 | 0.33 | 0.42 | 0.44 | 0.32 | 0.52 | 0.46 | 0.42 | 1.00 | 0.50 | 0.58 | 0.49 | 0.62 | 0.48 | 0.49 | 0.50 | 0.77 | 0.55 |
| ISRG | 0.30 | 0.25 | 0.20 | 0.37 | 0.20 | 0.38 | 0.33 | 0.23 | 0.36 | 0.39 | 0.37 | 0.44 | 0.43 | 0.31 | 0.48 | 0.49 | 0.52 | 0.50 | 1.00 | 0.51 | 0.53 | 0.57 | 0.55 | 0.49 | 0.52 | 0.66 | 0.54 |
| GOOG | 0.25 | 0.23 | 0.24 | 0.33 | 0.24 | 0.36 | 0.33 | 0.26 | 0.32 | 0.48 | 0.35 | 0.42 | 0.44 | 0.33 | 0.52 | 0.48 | 0.43 | 0.58 | 0.51 | 1.00 | 0.51 | 0.68 | 0.54 | 0.50 | 0.51 | 0.77 | 0.56 |
| MCO | 0.34 | 0.32 | 0.21 | 0.36 | 0.26 | 0.35 | 0.41 | 0.27 | 0.38 | 0.40 | 0.43 | 0.41 | 0.39 | 0.43 | 0.44 | 0.49 | 0.52 | 0.49 | 0.53 | 0.51 | 1.00 | 0.59 | 0.60 | 0.60 | 0.63 | 0.65 | 0.64 |
| MSFT | 0.28 | 0.26 | 0.19 | 0.38 | 0.23 | 0.37 | 0.37 | 0.22 | 0.34 | 0.49 | 0.35 | 0.45 | 0.44 | 0.31 | 0.58 | 0.54 | 0.49 | 0.62 | 0.57 | 0.68 | 0.59 | 1.00 | 0.62 | 0.54 | 0.54 | 0.82 | 0.57 |
| ACN | 0.32 | 0.35 | 0.25 | 0.36 | 0.28 | 0.33 | 0.41 | 0.30 | 0.38 | 0.38 | 0.41 | 0.39 | 0.40 | 0.43 | 0.46 | 0.50 | 0.53 | 0.48 | 0.55 | 0.54 | 0.60 | 0.62 | 1.00 | 0.65 | 0.64 | 0.66 | 0.65 |
| SCHD | 0.44 | 0.50 | 0.45 | 0.30 | 0.53 | 0.36 | 0.51 | 0.59 | 0.47 | 0.32 | 0.49 | 0.33 | 0.46 | 0.68 | 0.43 | 0.43 | 0.55 | 0.49 | 0.49 | 0.50 | 0.60 | 0.54 | 0.65 | 1.00 | 0.95 | 0.66 | 0.92 |
| VTV | 0.46 | 0.50 | 0.48 | 0.32 | 0.57 | 0.39 | 0.49 | 0.61 | 0.52 | 0.34 | 0.49 | 0.36 | 0.47 | 0.73 | 0.43 | 0.44 | 0.56 | 0.50 | 0.52 | 0.51 | 0.63 | 0.54 | 0.64 | 0.95 | 1.00 | 0.67 | 0.96 |
| QQQ | 0.31 | 0.29 | 0.28 | 0.45 | 0.28 | 0.47 | 0.40 | 0.29 | 0.37 | 0.60 | 0.46 | 0.56 | 0.59 | 0.43 | 0.72 | 0.63 | 0.56 | 0.77 | 0.66 | 0.77 | 0.65 | 0.82 | 0.66 | 0.66 | 0.67 | 1.00 | 0.73 |
| RWL | 0.41 | 0.46 | 0.48 | 0.36 | 0.55 | 0.40 | 0.47 | 0.59 | 0.52 | 0.39 | 0.52 | 0.40 | 0.50 | 0.71 | 0.47 | 0.47 | 0.56 | 0.55 | 0.54 | 0.56 | 0.64 | 0.57 | 0.65 | 0.92 | 0.96 | 0.73 | 1.00 |
The correlation results are calculated based on daily price changes starting from Apr 4, 2014