Fortress & Foundry

Asset Allocation

Position	Category/Sector	Target Weight
AM.PA Dassault Aviation SA	Industrials	0.90%
AMLP Alerian MLP ETF	MLPs	0.70%
AMZN Amazon.com, Inc	Consumer Cyclical	1.70%
ASML ASML Holding N.V.	Technology	3.30%
BAC Bank of America Corporation	Financial Services	5.50%
BREFX Baron Real Estate Fund Retail Shares	REIT	1.90%
BTC-USD Bitcoin		1.90%
BTI British American Tobacco p.l.c.	Consumer Defensive	2.70%
CI Cigna Corporation	Healthcare	1.40%
CIB Bancolombia S.A.	Financial Services	2.10%
CPA Copa Holdings, S.A.	Industrials	1.30%
CVS CVS Health Corporation	Healthcare	1%
DBSDY DBS Group Holdings Ltd ADR	Financial Services	4.60%
EADSY Airbus Group NV	Industrials	2.10%
FIPDX Fidelity Inflation-Protected Bond Index Fund	Inflation-Protected Bonds	1.70%
FSPSX Fidelity International Index Fund	Foreign Large Cap Equities	3%
GD General Dynamics Corporation		1.60%
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index	Alternative Energy Equities	1.20%
GS The Goldman Sachs Group, Inc.	Financial Services	4.90%
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund	Commodity Producers Equities	0.80%
HDB HDFC Bank Limited	Financial Services	1.60%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	Derivative Income	3%
KMI Kinder Morgan, Inc.	Energy	5.40%
MITSY Mitsui & Company Ltd	Industrials	2%
MSTR MicroStrategy Incorporated	Technology	0.80%
PHYS Sprott Physical Gold Trust	Financial Services	10.60%
PPLT Aberdeen Standard Physical Platinum Shares ETF	Precious Metals	1.40%
PSLV Sprott Physical Silver Trust	Financial Services	3.60%
RNMBY Rheinmetall AG ADR	Industrials	0.60%
SHEL Shell plc	Energy	1.10%
STIP iShares 0-5 Year TIPS Bond ETF	Inflation-Protected Bonds	2.40%
STRC MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock	Technology	1%
TSM Taiwan Semiconductor Manufacturing Company Limited	Technology	2%
U-UN.TO Sprott Physical Uranium Trust Fund	Gold, Precious Metals	1.20%
V Visa Inc.	Financial Services	1%
VCIT Vanguard Intermediate-Term Corporate Bond ETF	Corporate Bonds	2.90%
VGIT Vanguard Intermediate-Term Treasury ETF	Government Bonds	3.20%
VGK Vanguard FTSE Europe ETF	Europe Equities	1.30%
VOO Vanguard S&P 500 ETF	S&P 500	1.50%
VUSXX Vanguard Treasury Money Market Fund	Money Market	4.80%
VWO Vanguard FTSE Emerging Markets ETF	Emerging Markets Equities	2.60%
XAR SPDR S&P Aerospace & Defense ETF	Industrials Equities, Aerospace & Defense	1.70%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Fortress & Foundry, 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.

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The earliest data available for this chart is Jul 30, 2025, corresponding to the inception date of STRC

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.43%	-3.84%	-1.98%	16.08%	16.86%	10.37%	12.29%
Portfolio Fortress & Foundry	-0.54%	-2.74%	2.81%	8.82%	—	—	—	—
Portfolio components:
BTC-USD Bitcoin	-1.99%	-2.31%	-23.70%	-44.66%	-19.07%	33.89%	3.18%	66.03%
MSTR MicroStrategy Incorporated	-2.40%	-9.68%	-21.14%	-65.99%	-61.66%	59.13%	11.24%	20.56%
STRC MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock	0.00%	0.96%	4.12%	6.75%	—	—	—	—
PHYS Sprott Physical Gold Trust	-1.97%	-8.84%	7.18%	19.48%	46.30%	31.43%	21.13%	13.49%
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index	-0.55%	-1.93%	8.48%	8.95%	45.75%	20.80%	15.01%	18.39%
XAR SPDR S&P Aerospace & Defense ETF	-0.14%	-8.67%	7.65%	9.12%	58.39%	30.77%	16.06%	18.38%
VOO Vanguard S&P 500 ETF	0.11%	-3.33%	-3.55%	-1.41%	17.60%	18.47%	11.96%	14.19%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	0.13%	-1.64%	-1.76%	2.43%	19.67%	19.59%	—	—
GS The Goldman Sachs Group, Inc.	0.33%	0.05%	-1.30%	11.87%	56.44%	41.69%	24.33%	20.98%
BAC Bank of America Corporation	0.22%	-0.62%	-9.71%	-1.11%	20.65%	23.14%	7.14%	16.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jul 31, 2025, Fortress & Foundry's average daily return is +0.07%, while the average monthly return is +1.83%. At this rate, your investment would double in approximately 3.2 years.

Historically, 80% of months were positive and 20% were negative. The best month was Jan 2026 with a return of +6.1%, while the worst month was Mar 2026 at -5.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 1 months.

On a daily basis, Fortress & Foundry closed higher 56% of trading days. The best single day was Mar 31, 2026 with a return of +2.7%, while the worst single day was Jan 30, 2026 at -3.5%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	6.07%	2.05%	-5.32%	0.32%									2.81%
2025							-0.38%	3.70%	5.44%	1.38%	1.86%	3.16%	16.04%

Benchmark Metrics

Fortress & Foundry has an annualized alpha of 24.95%, beta of 0.78, and R² of 0.57 versus S&P 500 Index. Calculated based on daily prices since July 31, 2025.

This portfolio captured 199.67% of S&P 500 Index gains but only 10.58% of its losses — a favorable profile for investors.
This portfolio generated an annualized alpha of 24.95% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

Alpha: 24.95%

Beta: 0.78

R²: 0.57

Upside Capture: 199.67%

Downside Capture: 10.58%

Expense Ratio

Fortress & Foundry has an expense ratio of 0.09%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

Top 10 holdings

BREFX

Baron Real Estate Fund Retail Shares

AMLP

Alerian MLP ETF

GRID

First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index

PPLT

Aberdeen Standard Physical Platinum Shares ETF

U-UN.TO

Sprott Physical Uranium Trust Fund

GUNR

FlexShares Morningstar Global Upstream Natural Resources Index Fund

XAR

SPDR S&P Aerospace & Defense ETF

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

VGK

Vanguard FTSE Europe ETF

VWO

Vanguard FTSE Emerging Markets ETF

Return for Risk

Return / Risk — by metrics

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
BTC-USD Bitcoin	39	-0.43	-0.36	0.96	-1.14	-2.03
MSTR MicroStrategy Incorporated	9	-0.84	-1.36	0.85	-0.80	-1.37
STRC MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock	—	—	—	—	—	—
PHYS Sprott Physical Gold Trust	81	1.62	2.01	1.30	2.41	8.56
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index	92	2.14	2.93	1.40	4.02	14.90
XAR SPDR S&P Aerospace & Defense ETF	89	2.07	2.75	1.35	3.54	12.22
VOO Vanguard S&P 500 ETF	54	0.98	1.49	1.23	1.53	7.13
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	63	1.07	1.63	1.26	1.75	8.55
GS The Goldman Sachs Group, Inc.	85	1.77	2.30	1.33	3.12	9.83
BAC Bank of America Corporation	63	0.77	1.11	1.17	1.21	3.25

Sharpe Ratio

There isn't enough data available to calculate the Sharpe ratio for Fortress & Foundry. This metric is based on the past 12 months of trading data. Please check back later for updated information.

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Dividends

Dividend yield

Fortress & Foundry provided a 2.53% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.53%	2.65%	2.68%	2.74%	2.65%	1.93%	1.89%	2.17%	2.33%	1.51%	1.74%	2.18%
Portfolio components:
BTC-USD Bitcoin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MSTR MicroStrategy Incorporated	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
STRC MicroStrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock	7.07%	4.31%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PHYS Sprott Physical Gold Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index	0.91%	1.01%	1.06%	1.23%	1.26%	0.63%	0.68%	1.26%	1.28%	1.07%	1.07%	1.23%
XAR SPDR S&P Aerospace & Defense ETF	0.34%	0.40%	0.66%	0.54%	0.50%	0.83%	0.63%	0.75%	1.19%	0.76%	1.09%	2.31%
VOO Vanguard S&P 500 ETF	1.18%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	11.12%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GS The Goldman Sachs Group, Inc.	1.80%	1.59%	2.01%	2.72%	2.62%	1.70%	1.90%	1.80%	1.89%	1.14%	1.09%	1.41%
BAC Bank of America Corporation	2.23%	1.96%	2.28%	2.73%	2.60%	1.75%	2.38%	1.87%	2.19%	1.32%	1.13%	1.19%

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.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Fortress & Foundry. 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 Fortress & Foundry was 9.30%, occurring on Mar 30, 2026. The portfolio has not yet recovered.

The current Fortress & Foundry drawdown is 6.54%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-9.3%	Jan 30, 2026	60	Mar 30, 2026	—	—	—
-4.01%	Nov 13, 2025	8	Nov 20, 2025	13	Dec 3, 2025	21
-2.15%	Oct 9, 2025	3	Oct 11, 2025	4	Oct 15, 2025	7
-1.99%	Oct 21, 2025	15	Nov 4, 2025	6	Nov 10, 2025	21
-1.75%	Dec 29, 2025	3	Dec 31, 2025	5	Jan 5, 2026	8

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 42 assets, with an effective number of assets of 26.48, 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.

	Benchmark	VUSXX	KMI	CVS	AMLP	BTI	CI	HDB	STIP	VGIT	V	SHEL	FIPDX	U-UN.TO	AM.PA	RNMBY	CIB	MITSY	PHYS	STRC	VCIT	BAC	MSTR	PSLV	PPLT	CPA	AMZN	GD	DBSDY	EADSY	BTC-USD	TSM	GUNR	GS	ASML	XAR	BREFX	VWO	JEPQ	GRID	VGK	VOO	FSPSX	Portfolio
Benchmark	1.00	-0.09	0.04	0.13	0.12	0.14	0.15	0.24	-0.03	0.07	0.40	0.13	0.12	0.25	0.17	0.21	0.29	0.36	0.20	0.40	0.32	0.50	0.46	0.25	0.27	0.53	0.65	0.42	0.39	0.48	0.53	0.62	0.40	0.70	0.66	0.63	0.65	0.73	0.95	0.81	0.76	1.00	0.78	0.77
VUSXX	-0.09	1.00	0.07	0.06	-0.00	0.11	-0.03	0.04	0.04	0.04	-0.04	-0.01	-0.06	-0.05	0.04	-0.06	-0.05	-0.09	0.02	0.01	-0.10	-0.04	0.04	-0.05	-0.08	0.04	0.03	0.06	-0.07	-0.02	-0.09	-0.07	-0.06	-0.15	-0.14	-0.07	-0.12	-0.11	-0.08	-0.09	-0.11	-0.07	-0.08	-0.08
KMI	0.04	0.07	1.00	0.16	0.54	0.09	0.14	-0.03	0.11	-0.03	-0.01	0.30	0.09	-0.01	0.01	0.00	0.00	0.07	0.10	0.18	-0.00	0.12	0.13	0.05	0.09	0.01	-0.17	0.20	0.06	-0.03	0.08	-0.05	0.30	-0.01	-0.06	0.09	0.03	-0.03	-0.01	0.01	-0.01	0.01	0.05	0.14
CVS	0.13	0.06	0.16	1.00	-0.00	0.21	0.46	0.04	0.09	0.11	0.08	-0.05	0.11	0.06	-0.03	-0.06	0.11	0.11	0.10	-0.00	0.13	0.16	-0.01	0.08	0.09	0.10	-0.04	0.07	0.05	0.03	0.04	-0.03	0.15	0.11	0.04	0.09	0.15	0.04	0.07	0.13	0.10	0.13	0.14	0.19
AMLP	0.12	-0.00	0.54	-0.00	1.00	0.06	0.09	0.02	0.06	-0.04	0.12	0.43	0.01	0.02	-0.04	-0.01	0.01	0.13	0.09	0.05	0.04	0.22	0.05	0.05	0.05	0.04	-0.06	0.19	0.19	-0.00	0.01	-0.01	0.39	0.12	0.04	0.08	0.19	0.09	0.07	0.07	0.10	0.10	0.15	0.18
BTI	0.14	0.11	0.09	0.21	0.06	1.00	0.17	0.26	0.12	0.14	-0.02	0.05	0.17	0.11	0.09	0.05	0.24	0.07	0.01	-0.00	0.18	0.09	0.07	0.04	0.03	-0.00	0.05	0.08	0.25	0.07	0.04	0.00	0.14	0.01	0.08	0.01	0.03	0.14	0.05	0.16	0.25	0.08	0.25	0.19
CI	0.15	-0.03	0.14	0.46	0.09	0.17	1.00	0.07	0.10	0.11	0.27	-0.07	0.11	-0.04	0.04	0.02	0.01	0.05	-0.02	0.07	0.15	0.20	0.04	-0.05	0.05	0.11	-0.07	0.28	0.12	0.09	0.06	-0.05	0.09	0.09	0.05	0.10	0.22	0.06	0.02	0.04	0.20	0.13	0.19	0.18
HDB	0.24	0.04	-0.03	0.04	0.02	0.26	0.07	1.00	0.03	0.13	0.11	-0.01	0.06	0.08	0.19	0.05	0.14	0.00	-0.01	-0.02	0.15	0.16	0.07	0.01	-0.02	0.20	0.12	0.06	0.16	0.18	0.08	0.12	0.01	0.10	0.09	0.09	0.23	0.24	0.10	0.11	0.25	0.20	0.23	0.17
STIP	-0.03	0.04	0.11	0.09	0.06	0.12	0.10	0.03	1.00	0.68	-0.03	0.16	0.72	-0.02	0.08	0.02	-0.03	-0.04	0.16	0.07	0.53	-0.11	0.09	0.08	0.05	-0.09	-0.02	0.14	0.16	0.02	0.02	-0.05	0.20	-0.10	-0.09	0.05	0.11	-0.06	-0.04	-0.02	0.07	-0.02	0.08	0.09
VGIT	0.07	0.04	-0.03	0.11	-0.04	0.14	0.11	0.13	0.68	1.00	0.08	-0.04	0.78	0.03	0.12	0.02	-0.00	0.01	0.13	0.01	0.87	-0.04	0.08	0.10	0.08	0.02	0.04	0.14	0.18	0.11	0.06	-0.06	0.09	0.02	-0.02	0.09	0.31	-0.01	0.00	0.07	0.18	0.07	0.20	0.14
V	0.40	-0.04	-0.01	0.08	0.12	-0.02	0.27	0.11	-0.03	0.08	1.00	-0.04	0.02	-0.06	-0.18	-0.17	-0.01	0.03	-0.03	0.09	0.15	0.44	-0.01	0.01	0.06	0.21	0.23	0.14	0.21	0.11	0.11	0.02	0.01	0.41	0.13	0.08	0.29	0.17	0.26	0.13	0.33	0.36	0.26	0.18
SHEL	0.13	-0.01	0.30	-0.05	0.43	0.05	-0.07	-0.01	0.16	-0.04	-0.04	1.00	0.05	0.14	0.08	0.10	0.05	0.21	0.18	0.13	-0.05	-0.02	0.18	0.27	0.23	-0.09	0.04	0.20	0.19	0.02	0.16	0.14	0.58	0.04	0.10	0.20	0.11	0.18	0.12	0.16	0.19	0.15	0.25	0.27
FIPDX	0.12	-0.06	0.09	0.11	0.01	0.17	0.11	0.06	0.72	0.78	0.02	0.05	1.00	0.03	0.20	0.08	-0.00	0.03	0.13	0.03	0.76	-0.06	0.07	0.08	0.08	-0.02	0.08	0.26	0.23	0.16	0.08	0.02	0.15	0.02	0.03	0.20	0.26	0.10	0.09	0.12	0.22	0.12	0.24	0.19
U-UN.TO	0.25	-0.05	-0.01	0.06	0.02	0.11	-0.04	0.08	-0.02	0.03	-0.06	0.14	0.03	1.00	0.13	0.22	0.15	0.21	0.31	0.19	0.06	0.05	0.09	0.33	0.38	0.01	0.09	0.15	0.10	0.09	0.12	0.15	0.29	0.21	0.16	0.27	0.10	0.21	0.25	0.28	0.17	0.25	0.22	0.36
AM.PA	0.17	0.04	0.01	-0.03	-0.04	0.09	0.04	0.19	0.08	0.12	-0.18	0.08	0.20	0.13	1.00	0.68	0.11	0.01	0.16	0.02	0.12	-0.04	0.17	0.18	0.30	0.19	0.13	0.14	0.09	0.38	0.18	0.13	0.13	0.02	0.14	0.25	0.07	0.22	0.16	0.21	0.29	0.16	0.30	0.29
RNMBY	0.21	-0.06	0.00	-0.06	-0.01	0.05	0.02	0.05	0.02	0.02	-0.17	0.10	0.08	0.22	0.68	1.00	0.11	0.10	0.23	0.21	0.00	0.05	0.30	0.25	0.33	0.14	0.17	0.17	0.08	0.36	0.28	0.13	0.26	0.14	0.11	0.36	0.15	0.26	0.20	0.23	0.22	0.21	0.24	0.34
CIB	0.29	-0.05	0.00	0.11	0.01	0.24	0.01	0.14	-0.03	-0.00	-0.01	0.05	-0.00	0.15	0.11	0.11	1.00	0.20	0.24	0.13	0.10	0.17	0.19	0.31	0.17	0.16	0.14	0.09	0.27	0.16	0.20	0.25	0.27	0.26	0.26	0.22	0.19	0.33	0.29	0.32	0.30	0.27	0.30	0.40
MITSY	0.36	-0.09	0.07	0.11	0.13	0.07	0.05	0.00	-0.04	0.01	0.03	0.21	0.03	0.21	0.01	0.10	0.20	1.00	0.14	0.19	0.07	0.16	0.18	0.15	0.14	0.23	0.08	0.23	0.19	0.18	0.11	0.25	0.29	0.21	0.27	0.35	0.29	0.27	0.29	0.42	0.35	0.31	0.46	0.40
PHYS	0.20	0.02	0.10	0.10	0.09	0.01	-0.02	-0.01	0.16	0.13	-0.03	0.18	0.13	0.31	0.16	0.23	0.24	0.14	1.00	0.11	0.11	0.05	0.07	0.73	0.61	0.09	0.04	0.19	0.12	0.12	0.15	0.12	0.55	0.10	0.21	0.25	0.11	0.32	0.16	0.28	0.28	0.17	0.34	0.49
STRC	0.40	0.01	0.18	-0.00	0.05	-0.00	0.07	-0.02	0.07	0.01	0.09	0.13	0.03	0.19	0.02	0.21	0.13	0.19	0.11	1.00	0.05	0.18	0.44	0.16	0.25	0.20	0.25	0.26	0.20	0.22	0.38	0.31	0.27	0.29	0.28	0.34	0.23	0.30	0.41	0.32	0.24	0.38	0.30	0.37
VCIT	0.32	-0.10	-0.00	0.13	0.04	0.18	0.15	0.15	0.53	0.87	0.15	-0.05	0.76	0.06	0.12	0.00	0.10	0.07	0.11	0.05	1.00	0.09	0.12	0.11	0.13	0.10	0.15	0.22	0.30	0.20	0.14	0.09	0.12	0.20	0.19	0.24	0.47	0.19	0.20	0.25	0.37	0.27	0.38	0.29
BAC	0.50	-0.04	0.12	0.16	0.22	0.09	0.20	0.16	-0.11	-0.04	0.44	-0.02	-0.06	0.05	-0.04	0.05	0.17	0.16	0.05	0.18	0.09	1.00	0.10	0.08	0.10	0.35	0.22	0.27	0.22	0.23	0.16	0.14	0.12	0.59	0.33	0.28	0.49	0.20	0.35	0.37	0.38	0.46	0.36	0.42
MSTR	0.46	0.04	0.13	-0.01	0.05	0.07	0.04	0.07	0.09	0.08	-0.01	0.18	0.07	0.09	0.17	0.30	0.19	0.18	0.07	0.44	0.12	0.10	1.00	0.11	0.14	0.29	0.28	0.31	0.21	0.28	0.67	0.31	0.17	0.20	0.26	0.44	0.31	0.33	0.40	0.35	0.29	0.38	0.31	0.41
PSLV	0.25	-0.05	0.05	0.08	0.05	0.04	-0.05	0.01	0.08	0.10	0.01	0.27	0.08	0.33	0.18	0.25	0.31	0.15	0.73	0.16	0.11	0.08	0.11	1.00	0.71	0.12	0.09	0.11	0.22	0.13	0.24	0.21	0.62	0.24	0.32	0.20	0.19	0.37	0.27	0.36	0.40	0.29	0.43	0.58
PPLT	0.27	-0.08	0.09	0.09	0.05	0.03	0.05	-0.02	0.05	0.08	0.06	0.23	0.08	0.38	0.30	0.33	0.17	0.14	0.61	0.25	0.13	0.10	0.14	0.71	1.00	0.18	0.09	0.11	0.24	0.22	0.23	0.21	0.53	0.28	0.28	0.26	0.14	0.33	0.29	0.35	0.37	0.31	0.41	0.54
CPA	0.53	0.04	0.01	0.10	0.04	-0.00	0.11	0.20	-0.09	0.02	0.21	-0.09	-0.02	0.01	0.19	0.14	0.16	0.23	0.09	0.20	0.10	0.35	0.29	0.12	0.18	1.00	0.36	0.22	0.17	0.35	0.25	0.34	0.14	0.37	0.36	0.37	0.43	0.37	0.44	0.45	0.40	0.48	0.42	0.45
AMZN	0.65	0.03	-0.17	-0.04	-0.06	0.05	-0.07	0.12	-0.02	0.04	0.23	0.04	0.08	0.09	0.13	0.17	0.14	0.08	0.04	0.25	0.15	0.22	0.28	0.09	0.09	0.36	1.00	0.18	0.22	0.38	0.27	0.33	0.11	0.34	0.34	0.32	0.35	0.47	0.63	0.41	0.43	0.60	0.42	0.41
GD	0.42	0.06	0.20	0.07	0.19	0.08	0.28	0.06	0.14	0.14	0.14	0.20	0.26	0.15	0.14	0.17	0.09	0.23	0.19	0.26	0.22	0.27	0.31	0.11	0.11	0.22	0.18	1.00	0.15	0.23	0.26	0.13	0.32	0.31	0.18	0.66	0.47	0.25	0.29	0.32	0.34	0.41	0.39	0.41
DBSDY	0.39	-0.07	0.06	0.05	0.19	0.25	0.12	0.16	0.16	0.18	0.21	0.19	0.23	0.10	0.09	0.08	0.27	0.19	0.12	0.20	0.30	0.22	0.21	0.22	0.24	0.17	0.22	0.15	1.00	0.21	0.26	0.31	0.28	0.28	0.32	0.26	0.32	0.40	0.38	0.37	0.45	0.36	0.47	0.46
EADSY	0.48	-0.02	-0.03	0.03	-0.00	0.07	0.09	0.18	0.02	0.11	0.11	0.02	0.16	0.09	0.38	0.36	0.16	0.18	0.12	0.22	0.20	0.23	0.28	0.13	0.22	0.35	0.38	0.23	0.21	1.00	0.26	0.29	0.15	0.25	0.35	0.45	0.40	0.42	0.43	0.48	0.54	0.48	0.49	0.45
BTC-USD	0.53	-0.09	0.08	0.04	0.01	0.04	0.06	0.08	0.02	0.06	0.11	0.16	0.08	0.12	0.18	0.28	0.20	0.11	0.15	0.38	0.14	0.16	0.67	0.24	0.23	0.25	0.27	0.26	0.26	0.26	1.00	0.32	0.27	0.34	0.32	0.40	0.31	0.42	0.42	0.40	0.39	0.43	0.40	0.57
TSM	0.62	-0.07	-0.05	-0.03	-0.01	0.00	-0.05	0.12	-0.05	-0.06	0.02	0.14	0.02	0.15	0.13	0.13	0.25	0.25	0.12	0.31	0.09	0.14	0.31	0.21	0.21	0.34	0.33	0.13	0.31	0.29	0.32	1.00	0.26	0.43	0.62	0.45	0.35	0.65	0.65	0.67	0.41	0.58	0.47	0.55
GUNR	0.40	-0.06	0.30	0.15	0.39	0.14	0.09	0.01	0.20	0.09	0.01	0.58	0.15	0.29	0.13	0.26	0.27	0.29	0.55	0.27	0.12	0.12	0.17	0.62	0.53	0.14	0.11	0.32	0.28	0.15	0.27	0.26	1.00	0.29	0.25	0.39	0.33	0.46	0.32	0.40	0.42	0.37	0.51	0.58
GS	0.70	-0.15	-0.01	0.11	0.12	0.01	0.09	0.10	-0.10	0.02	0.41	0.04	0.02	0.21	0.02	0.14	0.26	0.21	0.10	0.29	0.20	0.59	0.20	0.24	0.28	0.37	0.34	0.31	0.28	0.25	0.34	0.43	0.29	1.00	0.51	0.44	0.52	0.45	0.59	0.56	0.49	0.69	0.50	0.57
ASML	0.66	-0.14	-0.06	0.04	0.04	0.08	0.05	0.09	-0.09	-0.02	0.13	0.10	0.03	0.16	0.14	0.11	0.26	0.27	0.21	0.28	0.19	0.33	0.26	0.32	0.28	0.36	0.34	0.18	0.32	0.35	0.32	0.62	0.25	0.51	1.00	0.41	0.42	0.58	0.65	0.71	0.62	0.63	0.62	0.64
XAR	0.63	-0.07	0.09	0.09	0.08	0.01	0.10	0.09	0.05	0.09	0.08	0.20	0.20	0.27	0.25	0.36	0.22	0.35	0.25	0.34	0.24	0.28	0.44	0.20	0.26	0.37	0.32	0.66	0.26	0.45	0.40	0.45	0.39	0.44	0.41	1.00	0.52	0.47	0.51	0.57	0.45	0.59	0.51	0.60
BREFX	0.65	-0.12	0.03	0.15	0.19	0.03	0.22	0.23	0.11	0.31	0.29	0.11	0.26	0.10	0.07	0.15	0.19	0.29	0.11	0.23	0.47	0.49	0.31	0.19	0.14	0.43	0.35	0.47	0.32	0.40	0.31	0.35	0.33	0.52	0.42	0.52	1.00	0.48	0.50	0.52	0.64	0.62	0.62	0.56
VWO	0.73	-0.11	-0.03	0.04	0.09	0.14	0.06	0.24	-0.06	-0.01	0.17	0.18	0.10	0.21	0.22	0.26	0.33	0.27	0.32	0.30	0.19	0.20	0.33	0.37	0.33	0.37	0.47	0.25	0.40	0.42	0.42	0.65	0.46	0.45	0.58	0.47	0.48	1.00	0.69	0.69	0.69	0.68	0.73	0.68
JEPQ	0.95	-0.08	-0.01	0.07	0.07	0.05	0.02	0.10	-0.04	0.00	0.26	0.12	0.09	0.25	0.16	0.20	0.29	0.29	0.16	0.41	0.20	0.35	0.40	0.27	0.29	0.44	0.63	0.29	0.38	0.43	0.42	0.65	0.32	0.59	0.65	0.51	0.50	0.69	1.00	0.80	0.63	0.90	0.67	0.69
GRID	0.81	-0.09	0.01	0.13	0.07	0.16	0.04	0.11	-0.02	0.07	0.13	0.16	0.12	0.28	0.21	0.23	0.32	0.42	0.28	0.32	0.25	0.37	0.35	0.36	0.35	0.45	0.41	0.32	0.37	0.48	0.40	0.67	0.40	0.56	0.71	0.57	0.52	0.69	0.80	1.00	0.71	0.78	0.79	0.78
VGK	0.76	-0.11	-0.01	0.10	0.10	0.25	0.20	0.25	0.07	0.18	0.33	0.19	0.22	0.17	0.29	0.22	0.30	0.35	0.28	0.24	0.37	0.38	0.29	0.40	0.37	0.40	0.43	0.34	0.45	0.54	0.39	0.41	0.42	0.49	0.62	0.45	0.64	0.69	0.63	0.71	1.00	0.72	0.92	0.72
VOO	1.00	-0.07	0.01	0.13	0.10	0.08	0.13	0.20	-0.02	0.07	0.36	0.15	0.12	0.25	0.16	0.21	0.27	0.31	0.17	0.38	0.27	0.46	0.38	0.29	0.31	0.48	0.60	0.41	0.36	0.48	0.43	0.58	0.37	0.69	0.63	0.59	0.62	0.68	0.90	0.78	0.72	1.00	0.75	0.73
FSPSX	0.78	-0.08	0.05	0.14	0.15	0.25	0.19	0.23	0.08	0.20	0.26	0.25	0.24	0.22	0.30	0.24	0.30	0.46	0.34	0.30	0.38	0.36	0.31	0.43	0.41	0.42	0.42	0.39	0.47	0.49	0.40	0.47	0.51	0.50	0.62	0.51	0.62	0.73	0.67	0.79	0.92	0.75	1.00	0.78
Portfolio	0.77	-0.08	0.14	0.19	0.18	0.19	0.18	0.17	0.09	0.14	0.18	0.27	0.19	0.36	0.29	0.34	0.40	0.40	0.49	0.37	0.29	0.42	0.41	0.58	0.54	0.45	0.41	0.41	0.46	0.45	0.57	0.55	0.58	0.57	0.64	0.60	0.56	0.68	0.69	0.78	0.72	0.73	0.78	1.00

The correlation results are calculated based on daily price changes starting from Jul 31, 2025